It can usually be found in most brokerage apps, generally on the same page as the subscription, some are called "issuance plan" and some are called "to be listed". If you can't find it, it's not in your software. But even if it is not in the software, general brokers will send SMS reminders on the day of listing. Under normal circumstances, after the new debt is won, it will be listed every month or so. But the exact number of days is not fixed. It may be a month long and half a month short. It all depends on the speed of the company. There is no fixed rule for the time of advance announcement, but it is generally at least 2 days in advance. Let's take Hong Kong stocks as an example to introduce the meaning of winning the lottery.

Hong Kong stocks are new.

Hong Kong stocks are new, which means buying new shares of Hong Kong stocks. Hong Kong stocks will probably issue more than 200 new shares every year. Retail investors can participate in the subscription as long as their accounts have enough cash and do not need to hold positions like A shares. Because the listing threshold of Hong Kong stocks is low, some high-value companies will choose to list in Hong Kong, such as Xiaomi or Reading Group.

price of admission

Hong Kong stocks require a minimum subscription of 1 lot, and the admission fee refers to the funds required for subscription of 1 lot. Each new share is different, ranging from 2000 to 1 000. According to past data, the average admission fee is around 3400 yuan.

Subscription time

The specific time of IPO of listed companies will not be announced in advance, and it is usually announced that the company can subscribe for shares one day after hearing through the Hong Kong Stock Exchange. And the public subscription usually lasts for 3 to 5 days, during which it is open 24 hours, which means that it can be subscribed during the day and night.

Become a lucky number

HKEx will randomly distribute new shares, but not everyone can successfully subscribe for new shares. If they are allocated, they are called "winning prizes". The winning results will be announced in the morning of 1 trading day before the official listing of new shares. Investors can check their positions, and securities companies will also send text messages and emails to inform them. The winning rate of Hong Kong stocks is very friendly to retail investors, because Hong Kong stocks implement the distribution policy of giving priority to one household and one sign, so as to ensure that every buyer can draw one hand as much as possible, and then distribute the remaining stocks according to the principle of diminishing returns. For retail investors, it is meaningless for retail investors to purchase most new shares in multiple hands, because the winning rate will become extremely low from the second hand. But there are also a few stocks worth buying, so the best strategy is to buy one hand for each stock, because the winning rate of Hong Kong stocks in the new market is relatively high, with an average winning rate of over 50%.