competeIPO The New Third Board Rises the Rampage of Turning the Board

Petty Corporation, which specializes in dog food business, successfully held a meeting recently, becoming the first company this year to do so6homeIPOSuccessful New Third Board enterprises. And behind Petit shares, there are also90Jiaxin Third Board......

Petit Corporation, which specializes in dog food business, recently successfully held a meeting, becoming the first company this year to do so6homeIPOSuccessful New Third Board enterprises. And behind Petit shares, there are also90Jiaxin Third BoardIPOUnder review of the enterprise, and currently acceptedIPOThe new third board companies being tutored are closer to each other400Home.
　　IPOThe grandeur of the echelon and the wave of rebounding are the most eye-catching scenes of the New Third Board market in the current era of "ten thousand horses galloping". However, the road from the New Third Board to the next board is not smooth and may also encounter buried mines. Recently, there have beenIPOThe company unexpectedly withdrew its application at the doorstep, leading to a sharp drop in stock price70%, especially for enterprises on the New Third BoardIPORing the alarm.
　　400Impact of Jiaxin Third Board EnterprisesIPO
In just one year and one day, Petit Shares broke the record for the shortest time from application to meeting on the New Third Board.4month24Day, in proposingIPOAfter two years of application, Aiai Precision finally succeeded in passing the meeting and obtainedAthighIPOApproval document. Including Tusda, Samsung New Materials, Guangpu Electronics, and Xintian Pharmaceutical, there have been6Jiaxin Third Board Enterprises Successfully Transferred to the Board.
SeekingIPOThe new third board companies are still continuously expanding. According to statistical data, currently acceptedIPOThe number of new third board companies tutored has exceeded400Home.5month5Today, Xinneng Technology announced that the company4month19Daily submission to the China Securities Regulatory CommissionIPOThe application has been accepted, becoming the latest applicationIPONew Third Board enterprises.
According to the data disclosed by the China Securities Regulatory Commission, the number of initial applications currently accepted600Among the more than enterprises, there are nearly90My home comes from the New Third Board. Since the beginning of this year, it has been approved139homeIPOThe application has exceeded half of the total number of meetings held last year, and the market is expected to have500Our company went public. It is widely believed in the industry that,IPOThe review process has significantly accelerated, which is stimulating more New Third Board companies to adopt the idea of transitioning to the next board.
Except forIPOIn addition to a favorable policy environment, enterprises on the New Third Board chooseIPOIt is also a manifestation of having ideals. After all, the overall liquidity of the New Third Board is still biased and may not improve in the short term. Many listed companies have not been able to raise funds as they wish, and it is reasonable for companies with slightly better performance to seek a turnaround in the absence of substantial benefits. From the New Third Board toAOn the way to stocks, it suddenly became lively.
Drive the delisting trend Heat inducingIPOconcept
Listed companies have announced a shift to warAThe direct impact of stocks on the New Third Board is a clear delisting trend. Last week, there was a listing on the New Third Board23The company delisted, setting a record for the highest number of delisting per week. A statistic shows that currently on the New Third Board193Among the delisted enterprises, there are102Home delisted this year. There is also a group of companies that have announced their intention to delist and are on their way to delisting.
Where have these delisting companies gone?Although there are various reasons for delisting, it can be observed that a considerable portion of them are preparing for battleAthighIPO. Since the beginning of this year alone, there have been31Several companies delisted from the New Third Board within less than a year of listing, among whichIPOTutoring or delisting due to preparation for listing accounts for9Home.
For example, Jeep, this company last year12month23It was only recently listed, but only two weeks later, the company submitted the registration materials for listing guidance, and finally, this year3month21The official termination of listing on the Japanese market, with a listing time of88Heaven. The announcement shows that currently, JeepIPOThe related work is being pushed forward intensively, in order to concentrate limited manpower and complete it as soon as possibleIPODeclaration, the company has decided to delist.
On the other hand, investors pursue cross market arbitrage, and some of the New Third BoardIPOThe concept has also been hyped up. Private equity investors have told the media that asIPOSpeed up, since the fourth quarter of last year, more and more funds have poured into the New Third Board to invest in high-quality targets,Pre-IPOThe concept has become the mainstream investment logic in the New Third Board market. At present, most institutions are mainly focused on two types of targets, which are expected to enter the selection layer and haveIPOListed companies with promising prospects, with the latter accounting for approximately70%to80%。

ChasingIPOBe careful of "stepping on thunder" on the road
Of course,IPOIt's not just about wanting to play, if you mess it up, it may make investors and companies cry out.
Mickey Chemical is an innovative company specializing in chemical solvents, chemical additives, and electronic chemicals.2015year10Announce entry at the end of the monthIPOThe tutoring stage is one of the earlier stages of initiationIPONew Third Board enterprises. this year1In the month, the China Securities Regulatory Commission provided feedback on its application materials. It is worth noting that Mickey Chemistry has announcedIPOAt the beginning, the company's stock price skyrocketed, per share7.28Yuanyi Road Upholds High14.3Yuan, with an increase of up to96.43%The total market value has also skyrocketed to11RMB100mn The number of shareholders of the company has also increased from the beginning of listing21People, become2016Disclosed in the annual report212People.
Legitimate investors yearn for the enterpriseIPOAfter the meeting, while drinking and eating meat, Mickey Chemical suddenly announced its withdrawal last monthIPOApplying undoubtedly dealt a heavy blow to the well ambushed investors. Regarding the reasons for the withdrawal, the company announced that due to a loss in performance in the first quarter of this year and an expected significant year-on-year decline in performance in the first half of this year, it may not meet the listing requirements.
And Mickey Chemistry2016The annual report shows that the company's operating income is3.95100 million yuan, year-on-year growth22.65%Realize net profit5463.35Ten thousand yuan, year-on-year growth66.24%It is quite eye-catching. The performance changes before and after, and the plot twists too dramatically, leaving people confused. Market insiders have pointed out that this year2month24On the same day, Mickey Chemical was selected in the quality inspection of initial corporate information disclosure organized by the China Securities Regulatory Commission. This means that companies will undergo very rigorous scrutiny. Mickey Chemical withdraws its application or is related to it.
Mickey Chemical will not be terminated due to performance changesIPOAn individual case of. Due to many New Third Board companies embellishing their financial statements for financing purposes during their listing period, these companies are required to declareIPODuring the process, the risk of performance turning sour or being questioned by regulatory authorities will also gradually erupt Analysts have indicated that. Mickey Chemical is sounding the alarm for these companies.
Beijing Daily