创业板市场股票发行定价的新方法

New Approaches to the Pricing in the Publication of Initial Stocks

股票发行定价在理论上一直是金融学中的一个悬而未决的问题。创业版市场股票价格一般取决于两个变量:未来预期利润现值和市盈利的数值,每个变量都受到多种因素的共同作用。新定价方法把市场环境和上市公司行业情况看作主要考虑因素,只要确定发行价格相对于净资产的溢价幅度就可得出正确的发行价格。

Theoretically, stock publication pricing has been a pending problem in finance. The pricing of initial stocks is generally determined by two variables: the real value of predicted profit and the numerical value of market profit, each of which is comprehensively affected by many factors. The new pricing system takes the market situation and the ongoing business of the listed companies as the principal factors. Accurate price of publication can be produced given the premium price rate of the net assets.