This paper is studying the connection between the investor sentiment and IPO under-pricing rate.
本文主要是从二级市场投资者情绪的角度来研究IPO折价问题。
2
The research reflects that the reasons of under-pricing are imperfective security market and the poor management and ownership structure of banking industry.
研究认为，抑价产生的原因在于我国证券市场尚不完善，银行的管理及股权结构欠佳等。
3
Actually, IPO under-pricing also remains a practical problem that plagues market supervisors, frequent issue regulation change may be a good evidence for this.