how to understand crypto, snippets

Ipo priority placement

Institutions with a market value of more than 30 billion can participate in the white list placement. This is the news summary I just saw. When I saw this news, my first reaction was when retail investors can match the points, because it is always difficult to win the lottery. Moreover, the recent IPO rose very well on the day of listing. Do small and medium-sized investors also want to drink some soup? What are the reasons for placing shares with large institutions? What is the basis? What's the purpose? Will it be easier for large institutions to get investment happiness if this operation continues? It is even more difficult for small and medium-sized retail investors to win the lottery. If a good policy does not favor small and medium-sized retail investors, at least a bowl of water should be as flat as possible.

There are already many advantages of large institutions, such as capital advantages, personnel advantages, channel information advantages, and big data financial technology advantages. Why should we continue to formulate policies that are conducive to their profits? As a small retail investor, I deeply feel that it is not easy to make money in this market, and I can only blame myself most of the time, but I still feel aggrieved when I see some policies and systems.