Specific stock circulation is determined by several factors * * *:
(1) is the amount that the original shareholders of the company are willing to sell. For example, the original shareholders are optimistic about the company for a long time, and the number of issues may not be too much, because too many issues may affect the controlling stake;
(2) It is the quota approved by the China Securities Regulatory Commission, which mainly determines the issuance quantity according to the financing purpose and scale of the enterprise;
(3) It depends on the actual situation of the market, including the suggestions of sponsors, lead underwriters and underwriting syndicates in the primary market and the actual trend of the stock market in the secondary market. For example, if the market is hot and the price-earnings ratio is high, then you will choose to issue more and earn more premium, otherwise you will issue less or simply give up.
Legal basis: Article 80 of the Company Law of People's Republic of China (PRC). Where a joint stock limited company is established by means of sponsorship, the registered capital shall be the total share capital subscribed by all promoters registered in the company registration authority. Before the shares subscribed by the promoters have been paid in full, they may not raise them from others.
Where a joint stock limited company is established by offering, the registered capital shall be the total paid-in share capital registered with the company registration authority.
Where laws, administrative regulations and decisions of the State Council have other provisions on the paid-in amount of registered capital and the minimum amount of registered capital, those provisions shall prevail.