The number of shares subscribed by investors is equal to the amount of funds needed by the company. Through this process, the company gets the money in the stock. ?
The issue price of new shares is not determined in advance, but under the fixed price model, the lead underwriter directly determines an issue price according to the valuation results and investor demand expectations.
In the case of oversubscription, the lead underwriter may or may not have the allotment right, that is, the allotment right, which depends on the rules of the exchange.
Extended data:
Common financing methods:
bank loan
Banks are the main financing channels for enterprises. According to the nature of funds, it is divided into three categories: working capital loans, fixed assets loans and special loans. Special loans usually have specific purposes, and their loan interest rates are generally favorable. Loans are divided into credit loans, secured loans and discounted bills.
Stock financing
The stock is permanent, has no expiration date, does not need to be returned, and has no pressure to repay the principal and interest, so the financing risk is small. The stock market can promote enterprises to change their management mechanism.
Bond financing
Corporate bonds, also known as corporate bonds, are securities issued by enterprises in accordance with legal procedures and agreed to repay the principal and interest within a certain period of time, indicating that there is a creditor-debtor relationship between the issuing enterprises and investors.
Financial leasing
Financial leasing refers to the financing mode in which the lessor purchases the leased property from the supplier according to the lessee's choice of the supplier and the leased property, and provides it to the lessee for use, and the lessee pays the rent in installments within the time limit stipulated in the contract or contract.
Through the combination of financing and finance, financial leasing has the dual functions of finance and trade, and plays a very obvious role in improving the financing efficiency and promoting the technological progress of enterprises. Financial leasing includes direct purchase leasing, after-sale leaseback and leveraged leasing.
Overseas financing
The overseas financing methods available to enterprises include loans from international commercial banks, loans from international financial institutions, and bond and stock financing business of enterprises in major overseas capital markets.
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