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根据中国证监会的安排,从今年三月开始,新股发行将采取全新的办法,即不设价格上限的公开竞价发行,此举是我国证券市场一个重大举措,将对我国证券市场的发展带来重大影响。一、新股竞价发行的几种具体形式新股的竞价发行是指新股在发行过程中,以该公司股票的价格为标的,由广大参与该公司新股申购的投资者,以自己能够接受的价格进行投标。最后根据投资者投标的具体情况确定新股的发行价格。在理论上,通常可以根据标的物价格的确定情况将竞价分为几种类型:公开升序竞价、公开降序竞价、第一价格竞
According to the arrangement of China Securities Regulatory Commission, starting from March this year, new shares issuance will adopt a brand-new approach, that is, the issuance of open biddings without a price ceiling will be a major move in the securities market in our country and will bring about the development of the securities market in our country Tremendous influence. First, the IPO of several specific forms of IPO bidding issue is the new shares in the issuance of new shares in the process of the company’s stock price as the standard, by the majority of investors involved in the company’s subscription of new shares to their own acceptable price bid . Finally, according to the specific circumstances of the investor bid to determine the issue price of new shares. In theory, the auction can usually be divided into several types based on the determination of the price of the underlying asset: open ascending bidding, open descending bidding, first price bidding