Under Fang Hong's top-level design system, the bidding and opening time of SGX is half an hour earlier than the two markets, and the market is not closed at noon, the purpose is also very simple, so that investors in big A can see the opening of SGX.

It is the pricing power in the competitive market, because once the SGX opens, it will definitely affect the sentiment of the main boards of the two cities, and then the emotional rhythm of the market will be carried away by the SGX.

It's not that discerning people can't see the intention of SGX's move, but there is no way.

Unless someone can intervene in SGX to change its top-level design rules, this is obviously impossible.

This path will not work, and if you want to smooth it out, you can only let the main board follow up and adjust the trading time, but this is also unlikely.

……

SGX's plans and measures are progressing steadily, and the progress is diligent and disclosed to the public in a timely manner.

According to the latest announcement of SGX, the specific date of market opening has been confirmed, which is set for the first trading day of the new year, which is Monday, January 4, 2016.

Counting the date, there are less than two months left until the market opens.

But the efficiency of the promotion has surprised people from all walks of life.

Because there are no constraints, there is no need to take care of this and that, many matters can be quickly implemented and implemented, and the efficiency is naturally fast.

In addition, SGX has started to accept and implement a registration-based IPO application system.

Under normal circumstances, the entire IPO process of SGX takes about 4 to 6 months from application to final listing, and whether it can be registered and listed will be clear within 4 natural months, and will not make companies applying for registration and listing wait in line for a year or two or even longer.

If it is confirmed, the issuer can concentrate on the roadshow, and if the initial offering is successful, it will be 100% listed on the SGX.

This kind of efficiency is great news for many domestic Internet start-ups, and an important reason why the vast majority of domestic Internet companies go public in the United States is that time really can't afford to wait.

The Internet industry originally pays attention to timeliness, and often can decide success or failure in about a year, and during this period, it is particularly in need of financial support.

In fact, not all mainland Internet companies want to go public in the United States, but Big A can't afford to wait.

But now it is different, with the implementation of the SGX registration-based pilot project, the efficiency of listing is even faster than going to the United States to ring the bell on the NASDAQ, and the vast majority of domestic Internet companies do not have to rush to the stock market in the United States to raise funds in the future.

SGX can be close to the water, so naturally there is no need to go far.

……

The next day, Tuesday, November 3.

"The SGX has less than two months to open, and the list of the first batch of 36 listed companies has been confirmed, 29 non-group galaxies, 7 group galaxies, which is the information of 36 companies." Tian Jiayi came back from the company and took out a piece of materials he brought back.

She came to the vacant seat next to Fang Hong and sat down, opened the materials and lowered her eyes and said: "The first one to pass is Jingdong, an Internet e-commerce company, which raised 18.5 billion yuan in the IPO and 250 billion yuan in market value, which is the largest in terms of valuation and initial fundraising among the first batch of 36 listed companies. ”

It is worth mentioning that Da Hadron Jingdong originally wanted to go public in the United States last year, but because Qunxing Capital proposed to suspend the listing and provided an additional debt financing support, Da Hadron agreed.

Qunxing Capital is also the largest shareholder of Jingdong Strategically, although it does not interfere with Hadron's operation, but its words still carry a lot of weight.

If the SGX does not land, Fang Hong will definitely get Jingdong to be listed on the big A main board, but now that there is SGX, it will definitely not let Jingdong be listed on the main board.

Tian Jiayi continued: "The second is the online streaming video website Aiqiyi, which raised 1.322 billion yuan in its initial IPO and has a market value of 14.55 billion yuan, and the third is the online video website Bee Bee, which raised 287 million yuan in its initial IPO and has a market value of 2.3 billion yuan. ”

The competition in the field of streaming online video is very fierce, because of the existence of the behemoth of Yixing Video in China, which makes it very difficult for peers, Aiqiyi and Bilibili can be registered and listed mainly by relying on large factories, and the value must be there, the valuation of these two companies is basically not a bubble, it depends on the future potential, and the price-earnings ratio is not too high, because of the behemoth of Yixing Video.

After a while, Tian Jiayi turned a page of materials: "The fourth is the game company Mihoyou, which raised 729 million yuan in its IPO and has a market value of 6.575 billion yuan. ”

Fang Hong glanced at the materials in the hand of the beautiful assistant and said, "Well, this company can be, I'm optimistic." ”

In fact, this company is not too short of money, but in order to cooperate with the parent company's independent valuation system in the capital market, it has also been listed.

Tian Jiayi continued: "The fifth company is a cloud accounting software provider that provides simple cloud accounting software for small and medium-sized enterprises, and raised 259 million yuan in its initial public offering, with an initial market value of 2.7 billion yuan. ”

"The sixth listed company is to do enterprise information portal, is an enterprise information synchronization release service platform, can allow enterprises to control their list information online, has provided more than 50,000 enterprises with more than 1 million times of enterprise information synchronization services, last year's revenue growth of 62%, gross profit margin as high as 70%, the IPO raised 317 million yuan, the issue market value of 9.562 billion yuan."

"The seventh company is engaged in a location intelligent cloud service platform, which provides cloud software services for managing fleets, and reduces labor input and fuel costs by collecting and analyzing employee, vehicle, asset data, calculating the minimum vehicle idle time and mileage, and raising 581 million yuan in the initial public offering, with an issue market value of 7.923 billion yuan."

"The eighth is a financial cloud computing platform, which is a provider based on enterprise cloud and enterprise performance management software, which can analyze financial data in real time for enterprises to assist decision-making. The IPO raised RMB420 million in the initial offering, with a market value of RMB3.529 billion. One note: Its founder boasted last month that his solution would save more money on the total cost of ownership than Oracle, the giant in the enterprise software industry. ”

Fang Hong couldn't help but be dumbfounded.

Tian Jiayi continued: "The ninth is an enterprise cloud integration platform, is a start-up company that provides cloud-based enterprise integration services, thousands of enterprises across the country have used their services, including 45% of the domestic top 500 enterprises, the company's revenue increased by 91% last year, after this financing plans to expand to overseas Middle East markets, Southeast Asian markets, IPO initial offering raised 373 million yuan, issue market value of 3.2 billion yuan." ”

"The tenth is a company invested by Qunxing Capital, focusing on the construction of electronic medical records, and through the study of 'de-identification', that is, medical data that does not contain the specific identity information of patients, the company's team can discover sudden diseases, real-time health trends and other content that pharmaceutical and insurance companies are extremely concerned about."

According to its prospectus, the electronic health record company already has more than 60 million patients' electronic medical records, more than 150,000 monthly use of its services by healthcare professionals, and has launched some new businesses in the past two years and positioned its software to be easier to use on mobile devices such as tablets and smartphones. The IPO raised 282 million yuan, with a market value of 2.76 billion yuan. ”

……