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单词 Oversubscribe
释义 超額認購
Where demand for a company’s shares at the time of a public offering exceeds supply. The Corporate Finance Adviser Code of Conduct issued by the Securities and Futures Commission requires a sponsor of the public offering to ensure fair and independent balloting in cases where an offer is oversubscribed: The Corporate Finance Adviser Code of Conduct para 5.4(e). The issuer usually expressly or impliedly has a discretion as to which applications in due form are accepted. The usual result of an over-subscription is for the share price to increase above the issue price once the shares start trading. See also Allotment; Authorised capital; Prospectus; Share.
凡公司股票在公開招股時,公眾對股票的要求高於發行數目者。證監會發出的企業融資顧問操守準則要求,招股時有超額認購的情形,公開招股的保薦人應確保進行公正及獨立的抽籤:《企業融資顧問操守準則》第5.4(e)段。發行人一般就何種形式的申請會被接受有明示或隱含的酌情決定權。超額認購的一般後果是,股票在開始買賣後,股票價格會升至高於發行價。另見 Allotment; Authorised capital; Prospectus; Share。v.
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更新时间:2024/10/27 3:41:33