认购超额

When oversubscription happens, underwriters can reduce the level of discount and increase the bottom price by strategic allocation so that both financing cost and IPO underpricing will be less. It suggests that financial supervisor should allow underwriter to allocate IPO stocks freely to a certain extent in China.3. If independent IPO allocation is allowed in IPO bookbuilding, the underwriter and affiliated institutional investor maybe exploit free allocation and information asymmetry to manipulate.

在发生超额认购时，承销商通过有策略地分配股票可以有效地降低折价水平并保证较高的发行底价，减少了发行成本的同时也减轻了IPO抑价程度，建议我国监管当局可以考虑在适当的时候赋予承销商一定的新股自主分配权。3、在有自主分配权的条件下也可能会发生承销商与关联机构投资者共同进行市场操纵的行为。

Still, Everbright's issue will doubtless be several times subscribed ironic given that brokerage listings are a sure sign of toppy markets.

尽管如此，光大证券的上市无疑仍将得到数倍超额认购--考虑到券商上市是市场过热的明确信号，这极具讽刺意味。

Thus it is likely that the paper claims to the world's supply of gold are greater than even GATA has suspected -- that the gold supply is even more oversubscribed and that "paper gold" is being created at an ever more frantic rate to suppress gold's price.

因此，它可能是，该文件声称，世界上的黄金供应大于甚至有怀疑转录因子GATA -即黄金供应更是超额认购，而且&纸黄金&正在建立在一个更加疯狂的速度压制了黄金的价格。

On 4th Mar 10, Greece managed to sell 5 billion euros worth of 10-year bonds to investors and was oversubscribe by about three times.

在2010年3月4日，希腊设法出售价值50亿欧元的 10年期债券给投资者，并超额认购了约三倍。

Fortunately, decimating the global placements in the total sale of over 177 million shares, also received about 15% over-subscribed.

庆幸的是，富力在在全球配售的1.77亿股全部发售完毕，还获得约15％的超额认购。

Shenhua Energy was about 30 times oversubscribed soared by about 87 per cent on its opening trading day.

中国神华得到了大约30倍的超额认购，股价在上市首日上涨了大约87%。

Shenhua Energy was about 30 times oversubscribed and soared by about 87 per cent on its opening trading day.

中国神华得到了大约30倍的超额认购，股价在上市首日上涨了大约87%。54654654(www.storyall.cn)

Shares in nine companies involved in a third round of subscriptions for the board were oversubscribed.

第三批在该板块上市的九家公司的股份被超额认购。

The offer was heavily oversubscribed, according to people familiar with the matter.

据知情人士透露，野村的新股发行获得了明显超额认购。

The institutional tranche which makes up 95% of the ICBC offering attracted more than US$300 billion in orders and is 23 times oversubscribed.

该机构Investment者，它构成了95％，工行发行，吸引了多美元的订单3000亿元，是23倍的超额认购。

Since historical times,England ,where the early inhabitants were Celts, has been conquered three times .

从有历史以来，英国，在此地早期居住的是凯尔特人，已经被征服了三次。

Bluetooth OBEX File Transfer Enables the sending and receiving of files on your phone via Bluetooth.

蓝牙OBEX文件移动允许经过蓝牙传送和接受文件。。。。