What does winning the lottery of CITIC Securities mean?

Winning lots refers to drawing lots for new shares before they are issued.

Yaohao is divided into online subscription and offline subscription. Generally, small and medium investors are suitable for online subscription. According to the rules of the exchange, the winning rate will be announced, and the lead underwriter will preside over the lottery to confirm the winning result according to the total allocation number, and the winning result will be announced in the designated media on the first trading day (T+4 days) after the lottery. In China, each winning number can subscribe for 1000 new shares.

In practice, the issue number and date of the lottery both refer to the issue date, so you can know the result by logging in your account the night before the issue date. After the subscription of new shares is completed, it usually takes 8- 14 days (natural day) to go public. For example, the purchase on September 18 and the listing on September 26 are also delayed but not more than 14 days.