Three keys of packaging distribution: scale, rhythm and method
For investors, what they are most concerned about is the financing scale, distribution rhythm and distribution method in the process of packaging and distribution.
Extended data:
Two major impacts of packaged issuance: capital orientation and expansion expectation.
Since the secondary market resumed the rights issue, a large amount of subscription funds accumulated in the primary market did not flow to the secondary market as expected, but more returned to banks.
If the new shares are fully packaged and issued in the secondary market, it will not play a capital-oriented role. Moreover, compared with the large-cap stocks issued in the previous period, the packaged issuance of new shares will put greater pressure on the stock funds in the market to a certain extent. In other words, packaged new shares of the same size will have a greater market impact than large-cap stocks of the same size.
Secondly, from the perspective of expansion expectations, the packaged issuance of small-cap new shares does not mean that the issuance of super-large-cap stocks will stop. At present, the financing willingness of some large-cap stocks is very urgent. If large-cap stocks give way to small-cap stocks, it is estimated that the financing scale of packaged small-cap stocks will not be lower than that of large-cap stocks waiting to be issued, and may even increase significantly in the overall financing scale.
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