【摘要】 新股发行定价偏低是全球新股发行市场普遍存在的现象 ,到目前为止 ,新股抑价仍然是困扰金融学界的难题 ,国内外许多学者从不同的理论和实证角度对这一现象进行了解释。但如何结合中国IPO市场实际 ,借鉴国外新股发行理论来完善我国新股的市场化改革 ,是当前亟待解决的课题更多还原

【Abstract】 The lower price of the issued new share is a common appearance in the world.Till now the prohibitive price of the new share still interrupts the financial community.A lot of scholars in the world dwell on this problem from different aspects.But it is an urgent problem for China how to better the reform of the new share market by using the experience of other countries for reference.更多还原