最新公司上市運作實務操作(4)(同名33923).doc

公司上市運作實務操作(4)(同名33923)
of accountability, redress of orders and prohibitions. Strengthening the honesty and sels of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist
刊登招股意向書
網下初步詢價
刊登發行公告，啟動發行
投資者網上申購
凍結申購資金
驗資、配號
搖號、中簽處理
解凍申購資金、募集資金劃轉
發行結束
T日
T+1日
T+2日
T+3日
T+3日
T+4日
T日
T-1日之前
辦理股份登記
圖：發行流程圖〔深交所〕
1．網上申購
通過證券交易所網上交易系統進行的公開申購。任何持有證券交易賬號的個人或機構都可以參與此申購。 網上申購新股和平時買賣股票一樣，可通過營業部電話委托、營業部終端自助委托或者網上委托進行。
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist5
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist
2．網下申購
不通過證券交易所的網上交易系統進行的申購，此申購一般對大資金大機構進行。網下申購又叫網下配售，是指不在股票交易網內向一些機構投資者配售股票，這局部配售的股票上市日期有一個鎖定期限。
七、后續工作
〔一〕承銷商的后市交易
在大型的包銷協議下，如果價格的走勢與預期的不同，承銷商會設法穩定價格，以防止交易失敗或者發行后的市場價格低于原始發行價。
IPO之后，馬上便開始后市交易。
如果在發行后首次交易中股票價格走低，那么說明主承銷商和銷售集團的分析家對市場判斷的失敗，承銷商的聲譽會受到損失。
投資銀行可以撰寫和傳播研究報告，并舉辦投資者會議，這種研究可以對股票價格產生很大影響。因此，研究能力是公司選擇承銷商時需要考慮的重要因素之一。
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honesty in politics and education work, enhance leaders ability to resist7
of accountability, redress of orders and prohibitions. Strengthening the honesty and self-discipline of leading cadres honest