论文部分内容阅读
IPO抑价是指公司首次公开发行上市时新股或者存量股票在一级市场的发行价格明显低于股票在二级市场上市首日收盘价,投资者可以通过认购新股而获得超额报酬率的一种现象。
IPO underpricing refers to the initial public offering of new shares or stock issuance in the primary market price of shares is significantly lower than the stock market in the secondary market the first day of the closing price, investors can subscribe for new shares and get an excess rate of return phenomenon.