M City made public the work of issuing shares for the first time in more than 20 years, with a total of eight companies listed. To this end, a newspaper in M City investigated more than 5000 people on the issue of stock issuance. The results show that the non-investors in the public have a moderate evaluation of the offering prices of the eight companies, and the above people do not make an evaluation because they have no stock speculation experience. Obviously, more than 1/5 of investors think that the stock offering price is on the high side and that the low one is close to zero, but this should be regarded as more natural, and most people who buy things tend to think that things are expensive. Old investors also think that the price of new shares is on the high side.
The reasons why the old investors choose not to buy new shares can be inferred from the above words.