摘要
本文先列举了创业板高市盈率发行的表现,并从2009年6月新股发行体制改革视角探讨了创业板发行市盈率不断升高的原因,提出以美国式招标确定新股网下配售价格、机构投资者在初步询价中要缴纳保证金、分期支付超募资金所产生的保荐费、让主承销商持有部分新股并设定锁定期等政策建议。
this paper first enumerated high IPO premium of gem, and from June 2009 IPO system reform＇ s angle discusses the reason of high IPO P/E ratio, this paper put forward some policy suggestion： American bidding determine the off-line allotment price, Institutional investors deposit funds in preliminary inquiry, Paid in installments over the sponsorship raised funds generated by fees, let the Lord underwriters hold part new shares and set lock regularly etc.
出处
《浙江金融》
北大核心
2011年第4期58-60,65,共4页
Zhejiang Finance
