上市公司定向增发的定价机制我国《上市公司非公开发行股票实施细则》(以下简称《实施细则》)规定,上市公司定向增发的定价基准日必须在董事会决议公告日、股东大会决议公告日和发行期的首日这三个日期中选取,股票均价应为充分考虑成交额和交易量因素的加权均价。同时,《实施细则》还针对不同对象、不同发行目的确定了不同的定价机制。 Pricing mechanism for private placement of listed companies China’s “Rules for Non-public Issuance of Stocks of Listed Companies” (hereinafter referred to as the “Detailed Rules for Implementation of Implementation Rules”) stipulate that the pricing base date for the private placement of listed companies must be announced on the announcement day of the resolution of the board of directors, the announcement day of the general meeting of shareholders and the issuance The first day of the three selected dates, the average stock price should be fully weighted average transaction volume and trading volume. At the same time, the Regulations also set out different pricing mechanisms for different objects and for different distribution purposes.