{"id":6530,"date":"2023-04-16T22:55:53","date_gmt":"2023-04-16T22:55:53","guid":{"rendered":"https:\/\/marc.deschenaux.com\/?p=6530"},"modified":"2023-04-17T01:36:45","modified_gmt":"2023-04-17T01:36:45","slug":"underwriting","status":"publish","type":"post","link":"https:\/\/marc.deschenaux.com\/cn\/articles\/underwriting\/","title":{"rendered":"\u5305\u9500"},"content":{"rendered":"
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\u8f9b\u8fea\u52a0\u5728 IPO \u4e2d\u7684\u4f5c\u7528\u662f\u4ec0\u4e48\uff0c\u4e3b\u627f\u9500\u5546\u548c\u5176\u4ed6\u627f\u9500\u5546\u7684\u4f5c\u7528\u548c\u8d23\u4efb\u662f\u5982\u4f55\u786e\u5b9a\u7684\uff1f<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\u8f9b\u8fea\u52a0\u662f\u4e00\u7ec4\u5171\u540c\u627f\u9500 IPO \u7684\u627f\u9500\u5546\u3002\u8f9b\u8fea\u52a0\u901a\u5e38\u7531\u4e3b\u627f\u9500\u5546\uff08\u4e5f\u79f0\u4e3a\u8d26\u7c3f\u7ba1\u7406\u4eba\uff09\u9886\u5bfc\uff0c\u8d1f\u8d23\u7ba1\u7406\u8f9b\u8fea\u52a0\u548c\u534f\u8c03 IPO \u6d41\u7a0b\u3002<\/p>

\u8f9b\u8fea\u52a0\u5728 IPO \u4e2d\u7684\u4f5c\u7528\u662f\u5206\u62c5\u627f\u9500\u53d1\u884c\u7684\u98ce\u9669\u5e76\u5e2e\u52a9\u5411\u516c\u4f17\u53d1\u884c\u8bc1\u5238\u3002<\/p>

\u8f9b\u8fea\u52a0\u6210\u5458\u5404\u81ea\u540c\u610f\u4ee5\u7279\u5b9a\u4ef7\u683c\u8d2d\u4e70\u4e00\u5b9a\u6570\u91cf\u7684\u80a1\u7968\uff0c\u7136\u540e\u5c06\u8fd9\u4e9b\u80a1\u7968\u51fa\u552e\u7ed9\u4ed6\u4eec\u7684\u5ba2\u6237\u6216\u516c\u4f17\u3002<\/p>

\u8fd9\u6709\u52a9\u4e8e\u786e\u4fdd IPO \u83b7\u5f97\u5168\u989d\u8ba4\u8d2d\uff0c\u5e76\u786e\u4fdd\u7b79\u96c6\u8d44\u91d1\u7684\u516c\u53f8\u80fd\u591f\u5b9e\u73b0\u5176\u7b79\u8d44\u76ee\u6807\u3002<\/p>

\u4e3b\u627f\u9500\u5546\u5728\u627f\u9500\u56e2\u4e2d\u626e\u6f14\u6700\u91cd\u8981\u7684\u89d2\u8272\uff0c\u8d1f\u8d23\u7ba1\u7406\u6574\u4e2a IPO \u8fc7\u7a0b\u3002<\/p>

\u4e3b\u627f\u9500\u5546\u901a\u5e38\u4e0e\u53d1\u884c\u516c\u53f8\u6709\u66f4\u5bc6\u5207\u7684\u5173\u7cfb\uff0c\u5e76\u4e14\u53ef\u80fd\u53c2\u4e0e\u4e86\u62db\u80a1\u8bf4\u660e\u4e66\u7b49 IPO \u6587\u4ef6\u7684\u51c6\u5907\u3002<\/p>

\u4ed6\u4eec\u8fd8\u4e0e\u8f9b\u8fea\u52a0\u6210\u5458\u534f\u8c03\u4ee5\u8bbe\u5b9a\u53d1\u884c\u4ef7\u683c\u3001\u786e\u5b9a\u80a1\u4efd\u5206\u914d\u5e76\u7ba1\u7406\u6574\u4e2a\u53d1\u884c\u8fc7\u7a0b\u3002<\/p>

\u8f9b\u8fea\u52a0\u4e2d\u7684\u5176\u4ed6\u627f\u9500\u5546\u8d1f\u8d23\u5c06\u5176\u5206\u914d\u7684\u80a1\u4efd\u51fa\u552e\u7ed9\u4ed6\u4eec\u7684\u5ba2\u6237\u6216\u516c\u4f17\u3002<\/p>

\u4ed6\u4eec\u7684\u4f5c\u7528\u662f\u5e2e\u52a9\u5c06\u8bc1\u5238\u5206\u53d1\u7ed9\u5e7f\u6cdb\u7684\u6295\u8d44\u8005\u5e76\u786e\u4fdd\u53d1\u884c\u6210\u529f\u3002<\/p>

\u4e3b\u627f\u9500\u5546\u548c\u5176\u4ed6\u627f\u9500\u5546\u7684\u89d2\u8272\u548c\u8d23\u4efb\u901a\u5e38\u7531\u516c\u53f8\u4e0e\u627f\u9500\u5546\u4e4b\u95f4\u7684\u627f\u9500\u534f\u8bae\u786e\u5b9a\u3002<\/p>

\u672c\u534f\u8bae\u6982\u8ff0\u4e86\u627f\u4fdd\u6761\u6b3e\u5e76\u89c4\u5b9a\u4e86\u5404\u65b9\u7684\u89d2\u8272\u548c\u8d23\u4efb\u3002<\/p>

\u627f\u9500\u534f\u8bae\u8fd8\u89c4\u5b9a\u4e86\u627f\u9500\u8d39\u548c\u4efb\u4f55\u5176\u4ed6\u652f\u4ed8\u7ed9\u627f\u9500\u5546\u7684\u8865\u507f\u3002<\/p>

\u5728\u9996\u6b21\u516c\u5f00\u52df\u80a1 (IPO) \u4e2d\uff0c\u8f9b\u8fea\u52a0\u662f\u4e00\u7ec4\u627f\u9500\u5546\uff0c\u5b83\u4eec\u5408\u4f5c\u5411\u516c\u4f17\u51fa\u552e\u53d1\u884c\u516c\u53f8\u7684\u80a1\u7968\u3002\u8d22\u56e2\u4e2d\u7684\u627f\u9500\u5546\u901a\u5e38\u4e3a\u6295\u8d44\u94f6\u884c\u5de5\u4f5c\uff0c\u8d1f\u8d23\u7ba1\u7406 IPO \u6d41\u7a0b\uff0c\u5305\u62ec\u4e3a\u80a1\u7968\u5b9a\u4ef7\u3001\u8fdb\u884c\u5c3d\u804c\u8c03\u67e5\u4ee5\u53ca\u5411\u6295\u8d44\u8005\u5206\u914d\u80a1\u7968\u3002<\/p>

\u8f9b\u8fea\u52a0\u7684\u4e3b\u627f\u9500\u5546\u5728 IPO \u8fc7\u7a0b\u4e2d\u53d1\u6325\u7740\u6838\u5fc3\u4f5c\u7528\u3002\u4ed6\u4eec\u8d1f\u8d23\u534f\u8c03\u5176\u4ed6\u627f\u9500\u5546\u7684\u6d3b\u52a8\u5e76\u7ba1\u7406\u4e0e\u53d1\u884c\u516c\u53f8\u548c\u6295\u8d44\u8005\u7684\u5173\u7cfb\u3002\u4ed6\u4eec\u901a\u5e38\u8fd8\u6536\u53d6\u6700\u5927\u4efd\u989d\u7684\u627f\u9500\u8d39\u3002<\/p>

\u8f9b\u8fea\u52a0\u4e2d\u7684\u5176\u4ed6\u627f\u9500\u5546\u53ef\u80fd\u6839\u636e\u4ed6\u4eec\u7684\u53c2\u4e0e\u7a0b\u5ea6\u800c\u627f\u62c5\u4e0d\u540c\u7684\u8d23\u4efb\u3002\u4f8b\u5982\uff0c\u4e00\u4e9b\u4eba\u53ef\u80fd\u4e13\u6ce8\u4e8e\u5411\u6f5c\u5728\u6295\u8d44\u8005\u63a8\u9500 IPO\uff0c\u800c\u53e6\u4e00\u4e9b\u4eba\u53ef\u80fd\u4f1a\u5904\u7406\u76d1\u7ba1\u6587\u4ef6\u6216\u63d0\u4f9b\u8d22\u52a1\u5206\u6790\u3002\u627f\u9500\u5546\u4e4b\u95f4\u7684\u8d23\u4efb\u548c\u8d39\u7528\u5206\u914d\u901a\u5e38\u7531\u4e3b\u627f\u9500\u5546\u548c\u8f9b\u8fea\u52a0\u7684\u5176\u4ed6\u6210\u5458\u6839\u636e\u4ed6\u4eec\u7684\u4e13\u4e1a\u77e5\u8bc6\u548c\u5bf9 IPO \u8fc7\u7a0b\u7684\u8d21\u732e\u8fdb\u884c\u534f\u5546\u3002<\/p>

\u603b\u4f53\u800c\u8a00\uff0c\u8f9b\u8fea\u52a0\u5bf9 IPO \u7684\u6210\u529f\u81f3\u5173\u91cd\u8981\uff0c\u56e0\u4e3a\u5b83\u5141\u8bb8\u53d1\u884c\u516c\u53f8\u5229\u7528\u591a\u5bb6\u6295\u8d44\u94f6\u884c\u7684\u4e13\u4e1a\u77e5\u8bc6\u548c\u8d44\u6e90\uff0c\u4ee5\u786e\u4fdd\u6210\u529f\u53d1\u884c\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

What is the role of the syndicate in an IPO, and how are the roles and responsibilities of the lead underwriter and other underwriters determined? The syndicate is a group of underwriters who work together to underwrite an IPO. The syndicate is usually headed by a lead underwriter (also known as the bookrunner), who is … \u9605\u8bfb\u66f4\u591a<\/a><\/p>","protected":false},"author":1,"featured_media":6673,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":3,"footnotes":""},"categories":[3,57,58,48],"tags":[],"class_list":["post-6530","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-articles","category-ipo","category-ipo-pro","category-professional"],"_links":{"self":[{"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/posts\/6530","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/comments?post=6530"}],"version-history":[{"count":0,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/posts\/6530\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/media\/6673"}],"wp:attachment":[{"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/media?parent=6530"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/categories?post=6530"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/marc.deschenaux.com\/cn\/wp-json\/wp\/v2\/tags?post=6530"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}