risk has been justifiably stated in the prospectus

Criticized today's stock market most markets of IPO money. Therefore, some of the recent management initiatives by the market as a benefit, such as address the high premium issues swtor power leveling, delisting problems resolved gem sth 　　But they still need to implement to the letter, otherwise, also is empty. This week's IPO market information is still not optimistic. First, the speedSo is not reduced, which is reflected in the speed trial, is also reflected in the IPO and listing on, although both this week and next week only 2 stock issue, but on Friday of new shares by Commission the old republic power leveling, 7 day will audit companies, audit efficiency of such unprecedented. In November, everyone feels that verification of new stocks sharply lower, it is true that, but number of audits on the rise,Even increase mortality, through a number of listed companies remains unchanged. Secondly, the issue price of new shares remain high. Phoenix media in this week's issue, priced at $ 8.8, issuing up to 63 times times forward earnings. It is interesting, the company's capital fund in 2008 and 2009 there was $ 1.4 billion and $ 800 million, by the end of 2010So is negative $ 756 million, were so puzzled. 　　Phoenix media plans to raise funds of $ 2.76 billion, actually raising money $ 4.479 billion, extra proceeds up to $ 1.719 billion, so go around apologising Inquiry Agency echoed is still the major cause of the present high premium. Once again, despite the Commission new shares through rates declined, but were "shoot"Almost all small businesses, those mega-companies, as the industry's main forces, are going green channel, quick reviews, quick listing. Xinhua insurance, from audit through all set to release 20 days, and some small companies line up three or even six months are still crying out. From this kind of contrast can be seen, only known the current IPO system market and stronger, bigger and strongerStronger in the process of forming a huge amount of interest, and for the interests of investors hardly anyone considered. Anyway, risk has been justifiably stated in the prospectus: "If you suspect this release ring suspected of money, you don't have to participate in the purchase. ”