Case Analysis Of Aosaikang Stock Suspended Issuance

From December 2013 to the implementation of stock system in China after registration system, in order to effectively alleviate the "super-raised ’funding problems,encourage the rational pricing of new shares, the new IPO introduction of the shareholders of a company in the process of sale shares(that is, the old shares transfer) mechanism, the rapid pace of stock restart also brought a series of problems. Holdings of existing shareholders too much, high earnings release is one of the key issues. Ao Saikang stock suspend issuance of events causes and significance of the results with the benchmark after the IPO restart, this incident reflects the regulators on the "three high" issue of great importance to the issue, and the attitude of the old shares of large-scale cash. Which does not allow the transfer of massive old shares, the issue price of the high price-earnings ratio will be questioned on the issue of non-compliant companies halt, the lead underwriter of the problems were dealt with, to answer question after question survey to the public, showing a positive attitude of regulators on the stock market management. Although with a new round of IPO start, new regulations and initiatives will expose new problems in China’s stock market, but it is towards the positive direction overall.This article is a case analysis to explain the whole story of Aosaikang stock suspended publication. Using the typical events as the analysis object, reveal the disadvantages in the process of IPO in our country, analyses the cause of the delay distribution, and main reasons for the deep exploration and analysis step. This is China’s first case of IPO pricing and released after the completion of the release bulletin, the market appeared more talk and attracted wide fluctuations, resulted the suspension of issuance. The main factors and reasons for the deeper exploration and analysis of the original shareholders holdings is analyzed respectively and the IPO pricing too high these two points, in the final conclusion put forward its own views and Suggestions. This paper analyzes the main reasons of the Aosaikang suspended issuance of stock: 1: the original shareholders holdings during the IPO. 2: IPO pricing is too high. And puts forward some countermeasures and Suggestions according to the present situation, including the number of holdings during the period of the original shareholders in the IPO proposal, suggested that the CSRC to take regulatory measures, such as lead underwriter to avoid IPO pricing is too high and to strengthen the risk of investors.In this paper, the analysis of this event expected to strengthen people’s attention to the existing problems of China’s stock market, over time, the development of China’s stock market will be more complete, the new rules will play a positive role and touch on the fundamental meaning, the market will become more reliable.