Listed companies circle money in the subscription process. It is the process of offline subscription by institutions and new shares by small companies. In this process, 65,438+0 yuan per share of the subscription price of institutions and small companies (except Zijin Mining) will be invested in the registered capital of listed companies, and part of the capital reserve exceeding 65,438+0 yuan per share (enjoyed by the old shareholders of the company and the new shareholders who participated in the subscription of new shares in proportion to their shares before listing). This process is to circle money.
After that, the secondary market speculation is actually not the money of listed companies. Just like frying garlic and antiques, it's just speculation and gambling. Some people earn more, others lose, that's all.