good question. and it's a big topic.
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作者:box (等级:8 - 融会贯通,发帖:1469) 发表:2006-04-21 13:19:50  楼主  关注此帖
小球看股1:IPO最近中国股大热,而很多热炒的中国股都是最近刚刚上市的,包括china fish, china milk,hongxing等等,几个月内,动辄一两倍或三四倍于上市价。 只是小球我一点不明白,这些公司的老板,商海沉浮这么多年,虽不说个个英明神武,但是至少,亏本生意是不会做的吧? 那为什么他们千里迢迢赶到南洋一小国,化上上百万,把自己的辛辛苦苦建立的公司,以如此低价上市,然后让新加坡人轻轻松松赚几个跟头? 诸位玩股票的,如果哪一次刚卖了的股票接下来大涨特涨,感觉如何? 再说,这些公司在中国,融资难道真得如此困难?找个银行官员,塞点钱,会贷不到这几千万上亿人民币?不要忘了,这些公司,那个没有光明的前景?远大的计划?广大的市场?????? 小球想不通,故做此小文以抛砖引玉。 PS. 那位大侠做corporate finance的,不要打我。^_^
good question. and it's a big topic.
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作者:box (等级:8 - 融会贯通,发帖:1469) 发表:2006-04-22 19:32:08  2楼 评分:
dude, you can brush up all CFA things by answering this,haha, anyway, it is related to many impt topics in CFA exams, I am waiting for your answers, man. try to write some essays ba :D
hehe, don't think you find the right person to answer this
if i can answer this properly, guess i can do underwriter work liao. i see some trees, but not the forest. that's the problem.

arguably, IPO is one core business in finance and most big players actively involved in this area. Goldman, ML, Morgan, UBS all work hard to get china bank deals.

The posts below have explained the IPO quite well. i think u can also find out some related topics (trees) in CFA material, esp P/E ratio part. many companies are priced at PE adjusted by future growth rate.

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