Among the companies listed on the Ashare market in , only had an initial public offering pricetoearnings ratio higher than the industry pricetoearnings ratio, and the vast majority of other companies were issued at a pricetoearnings ratio lower than the industry pricetoearnings ratio. A new stock's initial PE ratio that is lower than the industry's PE ratio can reduce the risk of a stock price drop after listing , thereby attracting more investors to participate in the subscription.
After the Ashare market fully implemented the registration system nepal phone number list for stock issuance on February , , the pricing of new shares is no longer restricted to times the priceearnings ratio. The market once saw the "three highs" issuance of high issue price, high issue priceearnings ratio, and high oversubscription, which was questioned and criticized. Now the "three highs" issuance phenomenon seems to have been curbed to a certain extent.
According to statistics, the average initial public offering pricetoearnings ratio diluted of Ashare IPO listed companies in is . times , which is significantly lower than the average initial public offering pricetoearnings ratio of times in . At the same time, Nova Nebula is the only new stock with an initial offering price of over yuan.