oversubscription

oversubscription

1. The oversubscription rate of the notes issued under the NIP, in which the HKMA acts as the arranger, custodian, agent and operator, averaged 4.9 times.

债券发行计划由金管局负责安排、保管、代理及管理，根据该计划发行的债券的超额认购倍数平均为4.9倍。

2. In addition, there is a vast oversubscription in almost every IPO, which makes the actual return to the subscribers who have been actually allocated some shares of the new issue far less than the nominal initial return.

同时 ,由于一级市场超额认购倍数极高 ,投资者申购新股资金的实际回报率远远小于其名义初始回报率 .

3. e.g: Allotment has been made by random draw because of oversubscription.

由于超额认购，公司通过抽签进行配股。

4. The results suggest that weighted average limit price and the concentration of limit price are related to the issue price, and the level of oversubscription is minor factor to price setting.

相较于国外投资银行，我国承销商在订价时并未大幅参考投资人圈购时所提供之资讯。

5. Such levels of oversubscription ensure sharp rises on the first day of trading, enabling companies to boast of a "successful IPO" and rewarding investors for the long hours spent queuing.

高涨的认购超额水平，势必使股价在交易首日飙升，使上市公司能为“成功的IPO”而自吹自擂，也使排了数小时队的散户投资者得到回报。