?发行价
“破发”指的是:股票跌破其发行价(initial offer price)。对于新股频频破发的原因,市场普遍认为,市场低迷并不是主因,发行价格和市盈率偏高才是祸首。
Over the three months since the IPO of Facebook shares, their price dropped to less than half of the initial offer price.
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