挂牌公司从2014年初的621家增长到当前2300多家的规模,新三板市场的急速膨胀吸引了市场各方的极大关注,关于新三板的讨论也从未停止。首先是新三板的定位与发展路径问题。提起新三板,首当其冲的质疑就是新三板到底是不是一个场外市场?从股东人数上限、交易标准化、交易模式三个方面看,新三板区别于典型的场外市场,但与沪深交易所的差距不大。首先是股东人数,相较于四板与五板市场中公司股 The number of listed companies increased from 621 in early 2014 to the current figure of over 2,300. The rapid expansion of the new third board market has drawn great attention from all parties in the market. The discussion on the new third board has never stopped. The first is the positioning and development path of the new board. Initiation of the new board, bear the brunt of the question is the new board in the end is not an OTC market? From the maximum number of shareholders, transaction standardization, transaction mode three aspects, the new board is different from the typical OTC market, but the Shanghai and Shenzhen Exchange small differences. The first is the number of shareholders, compared with the four-and five-board company shares