Financials Oct 26, 2021 06:24 AM (GMT+8)
Financial Associated Press, Oct. 26 (Xinhua) -- market participants believe that, on the one hand, the breaking of new shares is caused by the enterprise itself, on the other hand, it is closely related to the continuous high price issuance caused by the blind praise of "new shares are invincible" by all parties involved in the inquiry of new shares. The break reflects the "market-oriented pricing" under the requirements of the registration system, curbs the unreasonable behavior of speculation to a certain extent, and promotes the rational return of the income of new shares, so as to promote the IPO pricing from the game behavior to the judgment of the real value of new shares. At the same time, for investment banks, the break will force them to pay more attention to pricing and sales in the underwriting process, further improve their professional ability, and finally promote the healthy development of the capital market.
This text is a result of machine translation.