a 股ipo术语英文
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a 股ipo术语英文
Term Explanation: IPO in A-share Market
An Initial Public Offering (IPO) refers to the process by which a private company offers its shares to the public for the first time, thereby becoming a publicly traded entity.In the context of the A-share market, which encompasses the Shanghai and Shenzhen stock exchanges in China, IPOs have their unique set of terms and regulations.
首次公开募股(IPO)是指私有公司首次向公众提供其股份的过程,从而成为公开交易实体。
在A股市场的背景下,该市场包括中国上海和深圳证券交易所,IPO具有其独特的术语和规定。
Raising Capital through Public Offering
When a company decides to go public in the A-share market, it aims to raise capital by selling a portion of its ownership to investors.This process is known as "raising capital through public offering," which requires compliance with stringent regulatory frameworks set by the Chinese Securities Regulatory Commission (CSRC).
通过公开募股筹集资金
当一家公司决定在A股市场上市时,其目标是通过向投资者出售公司部分所有权来筹集资金。
这一过程被称为“通过公开募股筹集资金”,它需要遵守中国证券监督管理委员会(CSRC)设定的严格监管框架。
Subscription and Allocation
In the A-share IPO process, investors participate in a subscription process where they apply to purchase newly issued shares.The allocation of shares is determined through a lottery system if the demand exceeds supply, ensuring a fair distribution among applicants.
申购与配股
在A股IPO过程中,投资者参与申购过程,申请购买新发行的股份。
如果需求超过供应,将通过彩票系统决定股份的分配,确保申请者之间的公平分配。
Lock-up Period and Share Float
After the IPO, certain shareholders, typically including company founders and major investors, are subject to a "lock-up period" during which they cannot sell their shares.This period is designed to stabilize the share price.The "share float" refers to the portion of a company"s shares that are available for trading on the open market.
锁定期与股份流通
IPO之后,某些股东(通常包括公司创始人和主要投资者)将受到锁定期限制,在此期间他们不能出售股份。
这一期限旨在稳定股价。
"股份流通"是指公司股份中可以在公开市场上交易的份额。
Price Discovery Mechanism
In recent years, the A-share market has adopted a price discovery mechanism for IPOs, allowing the market to determine the issue price based on demand and supply dynamics.This approach contrasts with the previously fixed price method and promotes a more market-oriented
pricing system.
价格发现机制
近年来,A股市场为IPO采用了价格发现机制,允许市场根据供需动态确定发行价。
这种方法与之前固定的价格方法形成对比,促进了更加市场化的定价系统。
In conclusion, understanding the specific terms and processes of an IPO in the A-share market is crucial for companies seeking to access capital and for investors looking to participate in the growth of these enterprises.
总之,了解A股市场IPO的具体术语和流程对于寻求筹集资金的公司和希望参与这些企业成长的投资者至关重要。