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Latest Price: 124.59
Change Amount: 3
Change Percentage: 2.47%
Trading Volume: 22,400 lots
Turnover: 277 million
Turnover Rate: 13.91%
P/E Ratio: 89.49
Total Market Value: 8.03 billion
Inquire about the stock market?? Real-time fund flow?? In-depth data revelation?? Enter Changlian Technology’s stock bar??
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When the A-share market soared, Changlian Technology, a new stock listed today, is truly “born at the right time”, with a substantial increase of 1704% throughout the day.
Calculated based on the full-day increase, investors who win a lottery number are expected to make a profit of nearly 180,000 yuan. However, compared with the lucky shareholders, it is Dongguan Securities, the sponsor institution, that really reaps big benefits from Changlian Technology’s sharp rise today.Statistics show that during the online new share subscription stage of Changlian Technology’s initial public offering, the amount of shares abandoned by investors reached 2.
524 million yuan. Calculated according to today’s increase, Dongguan Securities, which is responsible for underwriting, made more than 40 million yuan on the first day.Changlian Technology’s Stunning Debut in A-shares
Changlian Technology, a new stock listed today, added a wonderful scene to the super-exciting A-share market. After two temporary suspensions in the morning, Changlian Technology’s stock price continued to soar, with a substantial increase of 1704% throughout the day.
Some analysts believe that new stock chips are inherently scarce. With fewer new stock offerings this year, the scarcity is even more prominent. Coupled with today’s booming market, these factors jointly contributed to Changlian Technology’s sharp rise today.
According to Choice data statistics, from the history of A-shares, Changlian Technology’s debut today is not the most stunning. Its first-day increase ranks outside the top 20 among all A-shares.
Mengguli, which was listed in August last year, had a first-day increase of 1742.48%. In the early stage of A-shares in the 1990s, many new stocks had even more crazy debut performances. However, Changlian Technology is indeed the new stock with the largest first-day increase in the past year.Calculated based on the full-day increase, investors who win a lottery number may make a profit of nearly 180,000 yuan.
Dongguan Securities Can Make More Than 40 Million Yuan in a Single Day through Underwriting
Public information shows that Changlian Technology’s IPO publicly issued 16.11 million A-shares without old share transfers, and the issue price was 21.
Longlian Technology, listed at 12 yuan per share, has raised a total of 340 million yuan. Dongguan Securities is the sponsor (lead underwriter) for Longlian Technology’s issuance and listing. Fundamentally, Longlian Technology was established on November 4, 2009, and is engaged in the research and development, production, and sales of printing materials. Its main products include water-based printing paste, water-based resin, and silk screen silicone rubber, along with the research, design, and sales of printing equipment, primarily applied in the textile printing field.
Notably, Longlian Technology’s issuance adopts a direct pricing method, with all shares distributed online, without offline inquiry and allocation. Such a pricing method is not mainstream in recent Shanghai and Shenzhen A-share IPOs. When reporters contacted Dongguan Securities’ capital market department today, they stated that Longlian Technology’s IPO did not involve offline institutional inquiry but used a direct pricing method, which has been precedented in A-share IPO practices. It is worth mentioning that compared to the shareholders who won the lottery, the real beneficiaries of Longlian Technology’s surge today are the sponsor, Dongguan Securities. According to the company’s announcement, during the online new share subscription phase, investors abandoned the purchase of shares amounting to 2.524 million yuan. As per regulations, these abandoned shares will be underwritten entirely by the sponsor (lead underwriter). Based on the full-day increase, Dongguan Securities could earn 43 million yuan on the first day of listing. Image source: Screenshot of Longlian Technology’s listing issuance results announcement on the Growth Enterprise Market. Additionally, through this IPO, Dongguan Securities can also gain underwriting and sponsorship fees of 36.474 million yuan, totaling nearly 80 million yuan. According to Choice data statistics, Dongguan Securities’ investment banking business net income for the first half of this year was 87. 878 million yuan. In other words, the income obtained by Dongguan Securities from the Longlian Technology IPO project is almost equivalent to the efforts made in the first half of the year. Public information shows that Longlian Technology’s IPO took nearly four years. The company filed for guidance registration with the Guangdong Securities Regulatory Bureau on September 24, 2020, with Dongguan Securities as the guidance institution. Statistics also show that Dongguan Securities’ investment banking business has a distinct regional characteristic. Choice data statistics indicate that since 2017, Dongguan Securities has completed 22 IPOs as a sponsor, with 17 IPO companies located in the Guangdong region.
