今日論市 | 中概新股首秀周暴漲1,460%,再現互聯網泡沫時代瘋狂一幕
文章來源:彭博
撰稿:Jacob Gu
當前國際市場的IPO熱不禁勾起了人們對互聯網泡沫時代的絲絲回憶,而中國一家名不見經傳的農產品電商可能正是最淋漓盡致的寫照。
總部位於深圳的物農科技12月14日通過在納斯達克首次公開募股籌得3,000萬美元。儘管對於多數中國人而言尚屬陌生,但它在掛牌交易後卻罕見接連大漲,股價三天內就上揚了23.5倍。即使上週五回落36%,這家“非轉基因食品”零售商的漲幅依然高達1,460%。
若週一能夠守住,彭博彙總的數據顯示,它將成爲美國2000年以來IPO規模至少3,000萬美元的新股中首周漲幅最大的一支。
我們來做個比較可能更便於理解:過去20年來表現第二佳的新股是2000年上市的Software AG,它在第一週上漲了657%。
市值19億美元左右的物農跟Snowflake或者Airbnb等今年的IPO大熱沒法相提並論,後兩家公司都在首發日實現了股價翻逾一倍。它的顯眼之處在於,出色的股價表現和不是那麼亮眼的業績形成了鮮明對比。 物農科技的月活躍用戶在85,000上下,2019年的營收不足800萬美元,淨虧損卻接近180萬美元。

圖片來源:物農網
“它的股價瘋漲與基本面關係已經完全沒有關係,主要還是由新股短期供需關係引起的,” 多倫多畢肯證券學院聯合創始人童紅學說,“短線股價走高的同時也醞釀巨大投資風險,個體投資者不應該盲目跟風。”
週五非工作時間打給物農科技尋求置評的電話無人接聽。
物農科技等中國公司蜂擁到紐約上市之際,美國已經在加強審查。總統唐納德·特朗普週五簽署一項法案。根據這項新的法律,若華盛頓的監管機構無法審查在美上市中國公司的財務審計底稿,它們就可能被迫退市。 然而儘管面臨着被逐出美國資本市場的威脅,炙手可熱的中概股IPO也毫無冷卻跡象,實在令人歎爲觀止。
注:Jacob Gu爲彭博撰稿;本文僅代表其個人觀點,不構成投資建議。
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