The IPO market on the Shenzhen Stock Exchange continues to be hot, the scale of total equity frozen exceeds 1 trillion yuan.

The popularity of new issues in the North Exchange market continues to rise, with the scale of frozen funds for individual stocks exceeding 1 trillion for the first time. The latest issuance results disclosed by Meidele show that the stock attracted 592,500 households to participate in the new issue, with an effective subscription quantity of 25.283 billion shares. In the end, 61,000 households were allocated, with an online lottery rate of 0.057%, totaling 1.06 trillion in frozen funds. It was reported that Meidele applied for listing on the North Exchange through the direct connection audit mechanism, with the listing application accepted at the end of May last year, approved at the end of November, and registered effective one month later. The disclosure shows that Meidele plans to issue 16 million shares, raising 645 million yuan, with an issue price of 41.88 yuan and a price-earnings ratio of 14.99 times, and the subscription opened on January 21. The frozen funds for the new stock subscription by Meidele this time set a new record since the opening of the North Exchange. Prior to this, Nongda Technology, which will be listed next week, had a new subscription frozen capital scale exceeding 900 billion yuan.