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控制发行价格、发行频率等制度限令,直接增加了新股的稀缺性。由于发行市盈率低于行业水平,以往饱受诟病的新股发行环节高价现象,已经演变为次新股上市后的非理性炒作。在A股市场,不少股民乐于听“故事”来决定自己的投资,而“打新”是一个充满故事的话题。历经一幕幕让人瞠目结舌的演绎,伴随市场内外愈发激烈的质疑,夹杂着投资者羡慕嫉妒恨的矛盾
Control of the issuance price, issuance frequency and other institutional restrictions, a direct increase in the scarcity of new shares. As the issuance price-earnings ratio is lower than the industry level, in the past been criticized the phenomenon of high price of new shares issuance link, has evolved into the second IPO after the irrational speculation. In the A-share market, many investors are happy to listen to the “story” to decide their own investment, and “playing new ” is a story full of topics. After a scene of stunning interpretation, with the increasingly fierce market challenge both inside and outside, mixed with investors envy jealous hate contradictions