最低仅获配39股！摩尔线程打新出炉 B类投资者几乎被“忽视”

Core Viewpoint - The offline subscription for new shares in the Sci-Tech Innovation Board is experiencing a significant shift, with A-class investors receiving a dominant share of allocations compared to B-class investors due to new subscription rules [1][5][6]. Group 1: Allocation Results - A-class investors received 98.44% of the allocation, while B-class investors only received 1.56% in the recent subscription by Moer Thread [2][3]. - The allocation for B-class investors was notably low, with some receiving as few as 39 shares [1]. - Previous new shares in the Sci-Tech Innovation Board also showed a similar trend, with B-class allocations generally below 5% [3][4]. Group 2: Subscription Rules - The new subscription rules implemented for the Sci-Tech Innovation Board involve a "contractual lock-up" method, which sets different lock-up periods and ratios for A-class and B-class investors [5][6]. - A-class investors can choose from multiple lock-up tiers, while B-class investors are restricted to the lowest tier [5]. - The allocation ratios are designed to favor A-class investors significantly, with A1-class investors' allocation being at least nine times that of B-class investors [6]. Group 3: Impact on Investment Returns - The new rules are expected to impact the potential returns for B-class investors, as the disparity in allocation ratios may reduce their profitability from new share subscriptions [6][7]. - Research indicates that under the new allocation method, A1-class investors could see a return contribution of approximately 0.116% per new share, while B-class investors might only see a return contribution of 0.014% [8].