A Study On IPO Pricing Mode Of Share Limited Company A

After nearly twenty years of development Chinese securities market has begun totake shape; there are more than2,400companies in the A share market offering andlistingtransactions, the flow of the market value of up to more than300thousandbillion yuan. The territory of more and more enterprises listed in the domestic stockmarket to raise funds, enterprises in the process of implementing the ipo, need to gothrough a series of procedures, including pricing is an important process. IPO pricingresearch has been the focus and difficulty of China ipo system theory research andreform of securities market, embodies unbalanced contradiction is the primary marketand two secondary market, ipo pricing directly affects the efficiency of issuancemarket, only the issuing price is effective, can reflect the distribution firm economicefficiency and profitability, can contain information more intrinsic value, the primarymarket to correctly guide the flow of funds, strengthen the mechanism of survival ofthe fittest, reached the maximum efficiency of the allocation of resources.This thesis take the share Limited company A as the research object, using thediscounted cash flow method, economic value added valuation method, comparablecompany analysis, real options, pricing model, combined with the practical operationmethod of the securities supervision and administration institution of domesticdistribution of the relevant requirements, pricing research of ipo domestic new shares,pricing methods of share Limited company A.