摘要
IPO抑价是股票市场一个普遍存在的一个现象,我国也不例外。国外的理论重在研究IPO抑价的原因,且这些理论都是建立在市场有效的前提条件之上的,用这些理论解释我国IPO抑价率过高的情况不是特别合适。本文就我国证券市场各个阶段定价方式和发行制度的特征及各阶段IPO抑价率的情况做一简要分析,并针对IPO抑价存在的问题提出对策建议。
It is no exception that IPO underpricing is a widespread phenomenon in the stock market of China. Abroad theoretical study looks up on the reasons, but these theories are built on effective market conditions , so it is not particularly appropriate to explain China＇ s IPO underpricing high rate. In this paper, I will introduice securities market pricing, distribution system and the characteristics of IPO underpricing in the various stages of China＇ s then I will put forward some issue for IPO underpricing.
出处
《黑龙江对外经贸》
2008年第5期114-115,共2页
Heilongjiang Foreign Economic Relations and Trade
