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Its conversion price is higher than the issuing price of new stock.
在许多情况下,可转换债券实际是是递延的普通股融资.
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Therefore the information efficiency of the issuing - price making ofIPOs is still comparatively low.
总体而言,我国新股发行定价的信息效率仍较为有限.
英汉双解词典包含4367426条英汉词条，基本涵盖了全部常用单词的翻译及用法，是英语学习的有利工具。