最低仅获配39股！摩尔线程网下初配结果出炉

Core Viewpoint - The allocation results of offline subscription for Moer Thread indicate a significant shift in the distribution of shares, with A-class investors receiving 98.44% of the allocation and B-class investors only 1.56%, reflecting changes in the issuance and underwriting system for the Sci-Tech Innovation Board [1][3][9] Group 1: Allocation Results - A-class investors, which include public funds, social security funds, pension funds, and qualified foreign investors, received 98.44% of the shares allocated, while B-class investors received only 1.56% [1][3] - The specific allocation numbers show that some B-class investors received as few as 39 shares, highlighting the disparity in allocation [1] - Previous new stocks on the Sci-Tech Innovation Board also exhibited similar trends, with B-class investors typically receiving less than 5% of the allocation [4][5] Group 2: Subscription Rules - The reduction in B-class investor allocation is attributed to adjustments in the offline subscription rules, which now implement a new subscription method called "agreed lock-up" [7] - Under the agreed lock-up method, different lock-up periods and ratios are set for various investor classes, with A-class investors having the option to choose higher lock-up tiers [7][8] - For instance, the lock-up tiers for Moer Thread were set at three levels, with the first tier requiring a 9-month lock-up and a 70% lock-up ratio, while B-class investors could only subscribe at the lowest tier [7] Group 3: Impact on Investment Returns - The disparity in allocation ratios has led to a significant decrease in the share of B-class investors, which may affect their potential returns from new stock subscriptions [9] - Research indicates that the average return contribution from new stocks for A-class investors is significantly higher than for B-class investors, with A1-class investors potentially seeing returns of 0.116% compared to 0.014% for B-class investors [12] - The adjustments in the subscription rules aim to favor long-term investors, thereby increasing the allocation for those with a commitment to holding shares [11]