一签赚40万，A股最赚钱新股背后赢家曝光

Core Viewpoint - The recent IPOs of Muxi Co. and Moer Thread have set new records for profitability in the A-share market, with significant gains for both investors and underwriting securities firms [1][3]. Group 1: IPO Performance - Muxi Co. achieved a maximum floating profit of approximately 395,200 yuan per share on its first trading day, while Moer Thread reached about 286,900 yuan [1][3]. - The total number of new A-share listings in 2023 has surpassed last year's total, with 105 companies raising a total of 120.99 billion yuan, reflecting an increase of over 80% compared to the previous year [7]. Group 2: Underwriting Revenue - Huatai United Securities, the underwriter for Muxi Co., is expected to earn 268 million yuan in underwriting fees and over 652 million yuan in investment floating profits [3][5]. - CITIC Securities, the underwriter for Moer Thread, anticipates receiving over 100 million yuan in underwriting fees and more than 828 million yuan in investment floating profits [5]. Group 3: Market Trends - The overall IPO market has shown signs of recovery, with a structural improvement emphasized by regulatory support for high-quality expansions in sectors aligned with national strategies [7][9]. - The underwriting and sponsorship fees generated by A-share companies have contributed 5.932 billion yuan to securities firms, marking a growth of over 30% compared to the previous year [7][9]. Group 4: Competitive Landscape - Leading firms such as CITIC Securities, Huatai United Securities, and Guotai Junan have dominated the underwriting market, with significant shares of the total underwriting fees [9][10]. - The competition among securities firms has shifted from merely securing project numbers to focusing on high-value, high-tech projects, reflecting a change in market dynamics [10]. Group 5: Strategic Investment and Risks - Securities firms have engaged in strategic placements and underwriting, with a total of over 30 billion yuan in floating profits from 16 new stocks on the Sci-Tech Innovation Board [11][16]. - The strategic placement system requires underwriters to hold shares for 24 months, introducing uncertainty regarding the realization of floating profits due to market volatility [14][16].