What does it mean to put abc class under the new shared network?

What's the difference between putting ABC under the new stock network? In addition to online subscription, new shares also have offline placement methods. Offline placement is divided into three categories: abc. What are the meanings of these three categories and what are the differences? Let's have a look.

What does the offline placement of ABC's new shares mean?

The issuer and the lead underwriter negotiate to determine the final offline placement result according to the final offline issuance quantity after callback and the effective subscription result of investors participating in offline subscription. The total amount of effective offline subscription is greater than the final offline issuance after callback, and there are standards for investor classification.

After the effective quotation investors are determined, the lead underwriter will classify the offline investors who participate in the subscription, and similar investors will get the same placement ratio, and ordinary investors will be divided into abc three categories.

Class A: securities investment funds established through public offering and social security funds managed by social security fund investment managers;

Class B: enterprise annuity funds established in accordance with the Measures for the Administration of Enterprise Annuity Funds, and insurance funds conforming to the Interim Measures for the Administration of the Use of Insurance Funds and other relevant provisions;

Class C: All offline investors who do not belong to Class A or Class B. ..