Review of IPO Underpricing:System Monitoring and Investors Guiding
IPO underpricing refers to the phenomenon of underestimating IPO price,showing that IPO price on the first day was significantly lower than the closing price,causing the result of getting significant excess returns on the first day.It is system failure,imbalance of supply and demand,the role of underwriters self-interest,market bubble,irrational investors,enterprise quality,making up underpricing and so on that cause IPO underpricing.Taking market-oriented regulation,investors psychological guidance and other measures can reduce the high IPO underpricing,promote stock market healthy and stable development.
Adopting literature study,analysis and investigation,this article attempts to find out problems and flaws in item establishment,monitoring index and standard for evaluation in Trial Program of Standards for Students Physical Constitution and Health. Suggestions and thoughts to improving this program are made. It is proposed that there should be more tests on health indexes. Cardiovascular and endurance tests should be changed and the monitoring items in rural schools ought to be 12?min run etc.