网下发行
网下发行-
机构投资者在新股网下发行配售家数的增多，没有降低信息不对称，降低IPO抑价。
Institutional investors in the placing of new shares issued under the net increase in the number of companies ,, does not reduce information asymmetry , lower IPO under-pricing .
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本文以网上和网下发行股数作为权数，以网上和网下中签率，推导出综合中签率，作为衡量一级市场供需关系和投资者情绪的指标。
In this paper , online and offline as weights the number of shares issued to online and offline success rate , integrated in the success rate is derived , as a measure of a market supply and demand and investor sentiment indicators .