{"id":118326,"date":"2021-11-25T11:39:38","date_gmt":"2021-11-25T03:39:38","guid":{"rendered":"https:\/\/\/?p=118326"},"modified":"2023-06-07T15:20:48","modified_gmt":"2023-06-07T07:20:48","slug":"%e8%8d%b7%e8%98%ad%e5%bc%8f%e6%8b%8d%e8%b3%a3","status":"publish","type":"post","link":"https:\/\/\/%e8%8d%b7%e8%98%ad%e5%bc%8f%e6%8b%8d%e8%b3%a3\/","title":{"rendered":"\u8377\u862d\u5f0f\u62cd\u8ce3\u662f\u4ec0\u9ebc\uff1f3 \u5206\u9418\u5feb\u901f\u4e86\u89e3\u7d93\u5178\u7684\u516c\u958b\u52df\u80a1\u65b9\u5f0f\uff01"},"content":{"rendered":"\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u672c\u7bc7\u6587\u7ae0\u5c07\u6703\u5e36\u4f60\u4e86\u89e3\u4ec0\u9ebc\u662f\u8377\u862d\u5f0f\u62cd\u8ce3\u53ca\u5982\u4f55\u52df\u80a1\uff0c\u4e26\u544a\u8a34\u4f60\u8377\u862d\u5f0f\u62cd\u8ce3\u7684\u512a\u7f3a\u9ede\uff0c\u8b93\u4f60\u5c0d\u4e0d\u540c\u52df\u80a1\u65b9\u5f0f\u80fd\u6709\u66f4\u6df1\u7684\u4e86\u89e3\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u8377\u862d\u5f0f\u62cd\u8ce3\uff08Dutch auction\uff0c\u6b63\u5f0f\u540d\u7a31\u70ba Open descending-bid auctions\uff09\u70ba\u4e00\u7a2e\u7d93\u5178\u7684\u7279\u6b8a\u62cd\u8ce3\u65b9\u5f0f\uff0c\u4ea6\u7a31\u70ba\u300c\u6e1b\u50f9\u62cd\u8ce3\u300d\uff0c\u5e38\u7528\u65bc\u9700\u8981\u5feb\u901f\u51fa\u552e\u7684\u5546\u54c1\u3002<\/p>\n\n\n\n<p>\u62cd\u8ce3\u4eba\u6703\u5148\u5c07\u50f9\u683c\u8a2d\u5b9a\u5728\u8db3\u4ee5\u963b\u6b62\u6240\u6709\u7af6\u62cd\u8005\u7684\u6c34\u5e73\uff0c\u7136\u5f8c\u7531\u9ad8\u50f9\u5f80\u4f4e\u50f9\u558a\uff0c\u7b2c\u4e00\u500b\u61c9\u50f9\u7684\u7af6\u62cd\u8005\u7372\u52dd\uff0c\u4e26\u652f\u4ed8\u7576\u6642\u6240\u558a\u5230\u7684\u50f9\u683c\u3002 <\/p>\n\n\n\n<p>\u96d6\u7136\u5148\u51fa\u50f9\u8005\uff08\u51fa\u50f9\u9ad8\u8005\uff09\u512a\u5148\u4e2d\u6a19\uff0c\u4f46\u6703\u7e7c\u7e8c\u5f80\u4e0b\u558a\u50f9\uff08\u56e0\u70ba\u901a\u5e38\u5546\u54c1\u6578\u91cf\u773e\u591a\uff09\u7b49\u6240\u6709\u5546\u54c1\u6578\u91cf\u558a\u5b8c\u50f9\u683c\uff0c\u5168\u90e8\u4eba\u4f9d\u7167\u6700\u5f8c\u5e95\u50f9\u6210\u4ea4\u3002<\/p>\n\n\n\n<p>\u9019\u8207\u5178\u578b\u7684\u62cd\u8ce3\u5e02\u5834\u4e2d\uff0c\u50f9\u683c\u5f9e\u4f4e\u958b\u59cb\uff0c\u7136\u5f8c\u96a8\u8457\u7af6\u6a19\u8005\u76f8\u4e92\u7af6\u722d\u6210\u70ba\u6210\u529f\u7684\u8cb7\u5bb6\u800c\u4e0a\u6f32\u7684\u62cd\u8ce3\u65b9\u5f0f\u5f62\u6210\u5c0d\u6bd4\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e8%82%a1%e7%a5%a8%e7%ab%b6%e5%83%b9%e6%8b%8d%e8%b3%a3\/\" target=\"_blank\" data-type=\"post\" data-id=\"104529\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f\u80a1\u7968\u7af6\u50f9\u62cd\u8ce3\uff1f3 \u5206\u9418\u5feb\u901f\u4e86\u89e3\u7af6\u50f9\u62cd\u8ce3\u7684\u7372\u5229\u79d8\u8a23<\/a><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e8%a9%a2%e5%83%b9%e5%9c%88%e8%b3%bc\/\" target=\"_blank\" data-type=\"post\" data-id=\"104525\" rel=\"noreferrer noopener\">3 \u5206\u9418\u4e86\u89e3\u8a62\u50f9\u5708\u8cfc\u662f\u4ec0\u9ebc\uff1f\u5e36\u4f60\u5feb\u901f\u63ed\u958b\u80a1\u5e02\u5927\u6236\u7684\u79d8\u5bc6\uff01<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e00\u3001\u4e86\u89e3\u8377\u862d\u5f0f\u62cd\u8ce3\u7684\u52df\u80a1\u65b9\u5f0f<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=/index.html"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32-1024x576.webp\" alt=\"\u8377\u862d\u5f0f\u62cd\u8ce3\" class=\"wp-image-134287\" width=\"768\" height=\"432\" title=\"\" srcset=\"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32-1024x576.webp 1024w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32-300x169.webp 300w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32-768x432.webp 768w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32-1536x864.webp 1536w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce32.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u5982\u679c\u4e00\u5bb6\u516c\u53f8\u6b63\u5728\u4f7f\u7528\u8377\u862d\u5f0f\u62cd\u8ce3\u9996\u6b21<a href=/index.html"https:\/\/\/ipo\/\" target=\"_blank\" data-type=\"post\" data-id=\"121104\" rel=\"noreferrer noopener\">\u516c\u958b\u52df\u80a1\uff08IPO\uff09<\/a>\uff0c\u6f5b\u5728\u6295\u8cc7\u8005\u8f38\u5165\u4ed6\u5011\u60f3\u8981\u8cfc\u8cb7\u7684\u80a1\u7968\u6578\u91cf\u4ee5\u53ca\u4ed6\u5011\u9858\u610f\u652f\u4ed8\u7684\u50f9\u683c\u7684\u51fa\u50f9\u3002<\/p>\n\n\n\n<p>\u4f8b\u5982\uff0c\u4e00\u4f4d\u6295\u8cc7\u8005\u53ef\u80fd\u4ee5 100 \u7f8e\u5143\u7684\u50f9\u683c\u51fa\u50f9\u8cfc\u8cb7 100 \u80a1\uff0c\u800c\u53e6\u4e00\u4f4d\u6295\u8cc7\u8005\u51fa\u50f9 95 \u7f8e\u5143\u8cfc\u8cb7 500 \u80a1\uff0c\u4e00\u65e6\u63d0\u4ea4\u4e86\u6240\u6709\u51fa\u50f9\uff0c\u5206\u914d\u7684\u914d\u552e\u5c07\u5f9e\u6700\u9ad8\u51fa\u50f9\u958b\u59cb\u5206\u914d\u7d66\u6295\u6a19\u4eba\uff0c\u76f4\u5230\u6240\u6709\u5206\u914d\u7684\u80a1\u4efd\u90fd\u88ab\u5206\u914d\u3002<\/p>\n\n\n\n<p>\u4f46\u662f\uff0c\u6bcf\u500b\u6295\u6a19\u4eba\u652f\u4ed8\u7684\u50f9\u683c\u662f\u6240\u6709\u5206\u914d\u7684\u6295\u6a19\u4eba\u7684\u6700\u4f4e\u50f9\u683c\uff0c\u6216\u8005\u57fa\u672c\u4e0a\u662f\u6700\u5f8c\u4e00\u500b\u6210\u529f\u7684\u6295\u6a19\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u5373\u4f7f\u4f60\u70ba 1,000 \u80a1\u51fa\u50f9 100 \u7f8e\u5143\uff0c\u5982\u679c\u6700\u5f8c\u4e00\u6b21\u6210\u529f\u51fa\u50f9\u70ba 80 \u7f8e\u5143\uff0c\u60a8\u4e5f\u53ea\u9700\u70ba 1,000 \u80a1\u652f\u4ed8 80 \u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u5728\u7f8e\u570b\u8ca1\u653f\u90e8\u63a1\u7528\u8377\u862d\u5f0f\u62cd\u8ce3\u51fa\u552e\u5176\u8b49\u5238\uff0c\u70ba\u4e86\u5e6b\u52a9\u70ba\u570b\u5bb6\u7684\u50b5\u52d9\u878d\u8cc7\uff0c\u7f8e\u570b\u8ca1\u653f\u90e8\u5b9a\u671f\u8209\u884c\u62cd\u8ce3\u51fa\u552e\u570b\u5eab\u5238\uff08T-bills\uff09\u3001\u7968\u64da\uff08T-notes\uff09\u548c\u50b5\u5238\uff08T-bonds\uff09\uff0c\u7d71\u7a31\u70ba\u570b\u50b5\u3002<\/p>\n\n\n\n<p>\u6f5b\u5728\u6295\u8cc7\u8005\u901a\u904e\u8ca1\u653f\u90e8\u76f4\u63a5\u6216\u8ca1\u653f\u90e8\u81ea\u52d5\u62cd\u8ce3\u8655\u7406\u7cfb\u7d71\uff08TAAPS\uff09\u4ee5\u96fb\u5b50\u65b9\u5f0f\u63d0\u4ea4\u6295\u6a19\uff0c\u8a72\u7cfb\u7d71\u6700\u591a\u53ef\u5728\u62cd\u8ce3\u524d 30 \u5929\u63a5\u53d7\u6295\u6a19\uff0c\u5047\u8a2d\u8ca1\u653f\u90e8\u5c0b\u6c42\u4ee5 5% \u7684\u7968\u9762\u5229\u7387\u7c4c\u96c6 900 \u842c\u7f8e\u5143\u7684\u5169\u5e74\u671f\u7968\u64da\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u8b93\u6211\u5011\u5047\u8a2d\u63d0\u4ea4\u7684\u6295\u6a19\u5982\u4e0b\uff1a<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-table is-style-stripes\"><table class=\"has-border-color has-ast-global-color-3-border-color\"><tbody><tr><td>100 \u842c\u7f8e\u5143<\/td><td>\u5229\u7387\u70ba 4.79%<\/td><\/tr><tr><td>250 \u842c\u7f8e\u5143<\/td><td>4.85%<\/td><\/tr><tr><td>200 \u842c\u7f8e\u5143<\/td><td>\u5229\u7387\u70ba 4.96%<\/td><\/tr><tr><td>150 \u842c\u7f8e\u5143<\/td><td>5%<\/td><\/tr><tr><td>300 \u842c\u7f8e\u5143<\/td><td>5.07%<\/td><\/tr><tr><td>100 \u842c\u7f8e\u5143<\/td><td>5.1%<\/td><\/tr><tr><td>500 \u842c\u7f8e\u5143<\/td><td>5.5%<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u6536\u76ca\u7387\u6700\u4f4e\u7684\u6295\u6a19\u5c07\u9996\u5148\u88ab\u63a5\u53d7\uff0c\u56e0\u70ba\u767c\u884c\u4eba\u66f4\u9858\u610f\u5411\u5176\u50b5\u5238\u6295\u8cc7\u8005\u652f\u4ed8\u8f03\u4f4e\u7684\u6536\u76ca\u7387\u3002<\/p>\n\n\n\n<p>\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u7531\u65bc\u8ca1\u653f\u90e8\u5e0c\u671b\u7c4c\u96c6 900 \u842c\u7f8e\u5143\uff0c\u5b83\u5c07\u63a5\u53d7\u6536\u76ca\u7387\u6700\u4f4e\u7684\u6295\u6a19\uff0c\u6700\u9ad8\u53ef\u9054 5.07%\u3002<\/p>\n\n\n\n<p>\u9019\u500b\u6642\u5019\uff0c300 \u842c\u7f8e\u5143\u7684\u6295\u6a19\u4e2d\u53ea\u6709 200 \u842c\u7f8e\u5143\u6703\u88ab\u6279\u51c6\uff0c\u6240\u6709\u9ad8\u65bc 5.07% \u6536\u76ca\u7387\u7684\u6295\u6a19\u5c07\u88ab\u62d2\u7d55\uff0c\u800c\u4f4e\u65bc 5.07% \u7684\u6295\u6a19\u5c07\u88ab\u63a5\u53d7\u3002<\/p>\n\n\n\n<p>\u5be6\u969b\u4e0a\uff0c\u6b64\u6b21\u62cd\u8ce3\u7684\u7d50\u7b97\u7387\u70ba 5.07%\uff0c\u4e5f\u5c31\u4ee3\u8868\u6240\u6709\u4e2d\u6a19\u8005\u90fd\u5c07\u7372\u5f97 5.07% \u7684\u6536\u76ca\u7387\u3002<\/p>\n\n\n\n<p>\u8377\u862d\u5f0f\u62cd\u8ce3\u9084\u63d0\u4f9b\u4e86\u4e00\u7a2e\u66ff\u4ee3 IPO \u5b9a\u50f9\u7684\u6295\u6a19\u7a0b\u5e8f\u3002<\/p>\n\n\n\n<p>\u7576\u5e74 Google \u516c\u958b\u52df\u80a1\u6642\uff0c\u5b83\u4fbf\u662f\u4f9d\u9760\u900f\u904e\u8377\u862d\u5f0f\u62cd\u8ce3\u4f86\u7372\u5f97\u516c\u5e73\u7684\u50f9\u683c\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e8%82%a1%e7%a5%a8%e7%94%b3%e8%b3%bc%e6%8a%80%e5%b7%a7\/\" target=\"_blank\" data-type=\"post\" data-id=\"129199\" rel=\"noreferrer noopener\">\u80a1\u7968\u7533\u8cfc\u6280\u5de7\u662f\u4ec0\u9ebc\uff1f\u5fc5\u61c2 3 \u5927\u91cd\u9ede\u53c3\u8207\u80a1\u7968\u62bd\u7c64\uff01<\/a><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/ipo-%e8%82%a1%e7%a5%a8%e9%a2%a8%e9%9a%aa\/\" target=\"_blank\" data-type=\"post\" data-id=\"131154\" rel=\"noreferrer noopener\">IPO \u80a1\u7968\u98a8\u96aa\u662f\u4ec0\u9ebc\uff1f\u6295\u8cc7 IPO \u516c\u53f8\u524d\uff0c\u5fc5\u77e5\u7684 3 \u5927\u6ce8\u610f\u4e8b\u9805<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e8c\u3001\u6700\u4f4e\u51fa\u50f9\u8377\u862d\u5f0f\u62cd\u8ce3<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=/index.html"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31-1024x576.webp\" alt=\"\u8377\u862d\u5f0f\u62cd\u8ce3\" class=\"wp-image-134286\" width=\"768\" height=\"432\" title=\"\" srcset=\"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31-1024x576.webp 1024w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31-300x169.webp 300w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31-768x432.webp 768w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31-1536x864.webp 1536w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce31.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<p>\u524d\u9762\u63d0\u5230\u7684\u662f\u8981\u7af6\u62cd\u7684\u6771\u897f\u6578\u91cf\u4e0d\u53ea\u4e00\u500b\uff08\u4f8b\u5982\u5f88\u591a\u80a1\u4efd\u3001\u5f88\u591a\u984d\u5ea6\u7684\u50b5\u5238\uff09\uff0c\u800c\u82e5\u662f\u53ea\u6709\u55ae\u4e00\u7269\u54c1\uff0c\u5c31\u63a1\u7528\u300c\u6700\u4f4e\u51fa\u50f9\u8377\u862d\u5f0f\u62cd\u8ce3\u300d\u3002<\/p>\n\n\n\n<p>\u5728\u6700\u4f4e\u51fa\u50f9\u8377\u862d\u5f0f\u62cd\u8ce3\u4e2d\uff0c\u50f9\u683c\u5f9e\u9ad8\u4f4d\u958b\u59cb\uff0c\u7136\u5f8c\u9023\u7e8c\u4e0b\u964d\uff0c\u76f4\u5230\u6295\u6a19\u4eba\u63a5\u53d7\u7576\u524d\u50f9\u683c\u3002<\/p>\n\n\n\n<p>\u4e00\u65e6\u50f9\u683c\u88ab\u63a5\u53d7\uff0c\u62cd\u8ce3\u5c31\u6703\u7d50\u675f\u3002<\/p>\n\n\n\n<p>\u4f8b\u5982\uff0c\u62cd\u8ce3\u5e2b\u70ba\u4e00\u4ef6\u7269\u54c1\u8d77\u50f9\u70ba 2,000 \u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u6295\u6a19\u4eba\u89c0\u5bdf\u50f9\u683c\u4e0b\u964d\uff0c\u76f4\u5230\u9054\u5230\u5176\u4e2d\u4e00\u500b\u6295\u6a19\u4eba\u63a5\u53d7\u7684\u50f9\u683c\u3002<\/p>\n\n\n\n<p>\u5728\u88fd\u5b9a\u81ea\u5df1\u7684\u6295\u6a19\u4e4b\u524d\uff0c\u6c92\u6709\u6295\u6a19\u4eba\u6703\u770b\u5230\u5176\u4ed6\u4eba\u7684\u6295\u6a19\uff0c\u4e26\u4e14\u4e2d\u6a19\u8005\u662f\u51fa\u50f9\u6700\u9ad8\u7684\u6295\u6a19\u4eba\u3002<\/p>\n\n\n\n<p>\u56e0\u6b64\uff0c\u5982\u679c 2,000 \u7f8e\u5143\u6c92\u6709\u7af6\u6a19\u8005\uff0c\u5247\u50f9\u683c\u5c07\u964d\u4f4e 100 \u7f8e\u5143\u81f3 1,900 \u7f8e\u5143\u3002<\/p>\n\n\n\n<p>\u5982\u679c\u6295\u6a19\u4eba\u4ee5 1,500 \u7f8e\u5143\u7684\u50f9\u683c\u63a5\u53d7\u611f\u8208\u8da3\u7684\u7269\u54c1\uff0c\u5247\u62cd\u8ce3\u7d50\u675f\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e5%8f%af%e8%bd%89%e6%8f%9b%e5%82%b5%e5%88%b8\/\" target=\"_blank\" data-type=\"post\" data-id=\"131589\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f\u53ef\u8f49\u63db\u50b5\u5238\uff1f\u5229\u7528 3 \u5927\u91cd\u9ede\u5e36\u4f60\u5feb\u901f\u770b\u61c2<\/a><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/etd-%e6%8a%95%e8%b3%87\/\" target=\"_blank\" data-type=\"post\" data-id=\"131703\" rel=\"noreferrer noopener\">\u4ec0\u9ebc\u662f ETD \u6295\u8cc7\uff0c\u8cb7\u4ea4\u6613\u6240\u4ea4\u6613\u50b5\u6b0a\u6642\uff0c\u5fc5\u5148\u641e\u61c2 2 \u5927\u7279\u9ede<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\">\u4e09\u3001\u8377\u862d\u5f0f\u62cd\u8ce3\u7684\u5229\u5f0a<\/h2>\n\n\n\n<p><\/p>\n\n\n\n<p>\u4f7f\u7528\u8377\u862d\u5f0f\u62cd\u8ce3\u9032\u884c\u9996\u6b21\u516c\u958b\u52df\u80a1\u65e2\u6709\u597d\u8655\u4e5f\u6709\u5176\u7f3a\u9ede\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-image size-large is-resized\"><img decoding=\"async\" src=/index.html"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3-1024x576.webp\" alt=\"\u8377\u862d\u5f0f\u62cd\u8ce3\" class=\"wp-image-134288\" width=\"768\" height=\"432\" title=\"\" srcset=\"https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3-1024x576.webp 1024w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3-300x169.webp 300w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3-768x432.webp 768w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3-1536x864.webp 1536w, https:\/\/\/wp-content\/uploads\/2023\/06\/\u8377\u862d\u5f0f\u62cd\u8ce3.webp 1920w\" sizes=\"(max-width: 768px) 100vw, 768px\" \/><figcaption><\/figcaption><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u512a\u9ede<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>\u9019\u7a2e\u62cd\u8ce3\u7684\u6700\u5927\u597d\u8655\u662f\u5b83\u5011\u65e8\u5728\u4f7f\u516c\u958b\u767c\u552e\u6c11\u4e3b\u5316\u3002<\/p>\n\n\n\n<p>\u5c31\u76ee\u524d\u800c\u8a00\uff0c\u9032\u884c\u5178\u578b IPO \u7684\u904e\u7a0b\u4e3b\u8981\u7531\u6295\u8cc7\u9280\u884c\u63a7\u5236\uff0c\u4ed6\u5011\u5145\u7576\u767c\u884c\u7684\u627f\u92b7\u5546\u4e26\u901a\u904e\u8def\u6f14\u9032\u884c\u5f15\u5c0e\uff0c\u4f7f\u6a5f\u69cb\u6295\u8cc7\u8005\u80fd\u5920\u4ee5\u6298\u6263\u50f9\u8cfc\u8cb7\u767c\u884c\u516c\u53f8\u7684\u8b49\u5238\u3002<\/p>\n\n\n\n<p>\u4ed6\u5011\u9084\u8ca0\u8cac\u8a2d\u5b9a IPO \u7684\u50f9\u683c\uff0c\u8377\u862d\u5f0f\u62cd\u8ce3\u5141\u8a31\u5c0f\u6295\u8cc7\u8005\u53c3\u8207\u6b64\u6b21\u767c\u884c\uff0c\u4f46\u61c9\u8a72\u76e1\u91cf\u6e1b\u5c11\u5831\u50f9\u548c\u5be6\u969b\u639b\u724c\u50f9\u683c\u4e4b\u9593\u7684\u5dee\u7570\uff0c\u56e0\u70ba\u8a31\u591a\u6a5f\u69cb\u6295\u8cc7\u8005\u5229\u7528\u9019\u7a2e\u50f9\u683c\u5dee\u7570\u5728\u80a1\u7968\u4e0a\u5e02\u5f8c\u7acb\u5373\u51fa\u552e\u4ee5\u8cfa\u53d6\u5229\u6f64\u3002<\/p>\n\n\n\n<p>\u8377\u862d\u5f0f\u62cd\u8ce3\u50f9\u683c\u662f\u901a\u904e\u4e00\u7a2e\u66f4\u516c\u5e73\u3001\u66f4\u900f\u660e\u7684\u65b9\u6cd5\u78ba\u5b9a\u7684\uff0c\u5176\u4e2d\u9080\u8acb\u4e86\u4f86\u81ea\u591a\u7a2e\u985e\u578b\u5ba2\u6236\u7684\u4e00\u7cfb\u5217\u51fa\u50f9\u3002<\/p>\n\n\n\n<p>\u9019\u7a2e\u505a\u6cd5\u662f\u70ba\u4e86\u78ba\u4fdd\u5e02\u5834\u5c0d\u516c\u53f8\u7684\u50f9\u503c\u505a\u51fa\u5408\u7406\u7684\u4f30\u8a08\uff0c\u4e26\u4e14\u4e0d\u6703\u96a8\u8457\u71b1\u9580\u516c\u53f8\u7684\u4e0a\u5e02\u800c\u5f15\u8d77\u6700\u521d\u7684\u300c\u6d41\u884c\u300d\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e6%9c%aa%e4%b8%8a%e5%b8%82%e8%82%a1%e7%a5%a8\/\" target=\"_blank\" data-type=\"post\" data-id=\"128631\" rel=\"noreferrer noopener\">\u672a\u4e0a\u5e02\u80a1\u7968\u80fd\u8cb7\u55ce\uff1f\u8cfc\u8cb7\u672a\u4e0a\u5e02\u80a1\u7968\u524d\uff0c\u5fc5\u9808\u6ce8\u610f\u7684 3 \u5927\u4e8b\u9805\uff01<\/a><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e9%ab%98%e7%99%bb%e6%a8%a1%e5%bc%8f\/\" target=\"_blank\" data-type=\"post\" data-id=\"127860\" rel=\"noreferrer noopener\">\u5e36\u4f60\u5f9e\u9ad8\u767b\u6a21\u5f0f\u7684 3 \u5927\u91cd\u9ede\uff0c\u6316\u6398\u516c\u53f8\u6f5b\u5728\u50f9\u503c<\/a><\/p>\n\n\n\n<p><\/p>\n\n\n\n<h3 class=\"wp-block-heading\">\u7f3a\u9ede<\/h3>\n\n\n\n<p><\/p>\n\n\n\n<p>\u7136\u800c\u9019\u4e9b\u597d\u8655\u4e5f\u4f34\u96a8\u8457\u7f3a\u9ede\u3002<\/p>\n\n\n\n<p>\u7531\u65bc\u62cd\u8ce3\u5c0d\u5404\u884c\u5404\u696d\u7684\u6295\u8cc7\u8005\u958b\u653e\uff0c\u56e0\u6b64\u8207\u6295\u8cc7\u9280\u884c\u5bb6\u76f8\u6bd4\uff0c\u4ed6\u5011\u53ef\u80fd\u6703\u9032\u884c\u4e0d\u90a3\u9ebc\u56b4\u683c\u7684\u5206\u6790\uff0c\u4e26\u4e14\u5f97\u51fa\u7684\u50f9\u683c\u4f30\u8a08\u53ef\u80fd\u7121\u6cd5\u6e96\u78ba\u53cd\u6620\u516c\u53f8\u7684\u524d\u666f\u3002<\/p>\n\n\n\n<p>\u8377\u862d\u5f0f\u62cd\u8ce3\u7684\u53e6\u4e00\u500b\u7f3a\u9ede\u88ab\u7a31\u70ba\u300c\u8d0f\u5bb6\u7684\u8a5b\u5492\u300d\u3002<\/p>\n\n\n\n<p>\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u7576\u65e9\u5148\u51fa\u50f9\u66f4\u9ad8\u7684\u6295\u8cc7\u8005\u610f\u8b58\u5230\u4ed6\u5011\u53ef\u80fd\u8a08\u7b97\u932f\u8aa4\u6216\u51fa\u50f9\u904e\u9ad8\u6642\uff0c\u80a1\u7968\u7684\u50f9\u683c\u53ef\u80fd\u6703\u5728\u4e0a\u5e02\u5f8c\u7acb\u5373\u66b4\u8dcc\u3002<\/p>\n\n\n\n<p>\u9019\u4e9b\u6295\u8cc7\u8005\u53ef\u80fd\u6703\u8a66\u5716\u51fa\u552e\u80a1\u7968\u4ee5\u64fa\u812b\u5176\u6301\u6709\u7684\u80a1\u4efd\uff0c\u5f9e\u800c\u5c0e\u81f4\u80a1\u50f9\u66b4\u8dcc\u3002<\/p>\n\n\n\n<p><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e8%82%a1%e5%b8%82%e6%b3%a1%e6%b2%ab\/\" target=\"_blank\" data-type=\"post\" data-id=\"127878\" rel=\"noreferrer noopener\">\u80a1\u5e02\u6ce1\u6cab\u600e\u9ebc\u8fa6\uff1f\u770b\u61c2 3 \u5927\u7279\u9ede\uff0c\u63d0\u524d\u9632\u7bc4\u91cd\u5927\u8667\u640d<\/a><\/p>\n\n\n\n<p class=\"has-background\" style=\"background-color:#f3f3f3\">\u63a8\u85a6\u95b1\u8b80\uff1a<a href=/index.html"https:\/\/\/%e5%8f%b0%e8%82%a1%e5%b4%a9%e7%9b%a4%e5%89%8d%e5%85%86\/\" target=\"_blank\" data-type=\"post\" data-id=\"131824\" rel=\"noreferrer noopener\">\u53f0\u80a1\u5d29\u76e4\u524d\u5146\u600e\u9ebc\u770b\uff1f\u5229\u7528 2 \u5927\u7279\u9ede\u63d0\u524d\u638c\u63e1\u7a7a\u982d\u884c\u60c5<\/a><\/p>\n\n\n\n<div style=\"height:35px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p><strong>\u76f8\u95dc\u65b0\u805e\u6458\u9304\uff1a<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p><strong>\u300c\u62cd\u8ce3\u300d\u51fa\u73fe\u7684\u6642\u9593\u6bd4\u2026\u2026\u8036\u7a4c\u65e9\uff1f<\/strong><\/p>\n\n\n\n<p><\/p>\n\n\n\n<p>\u62cd\u8ce3\uff08Auction\uff09\u662f\u4e00\u7a2e\u6709\u8da3\u7684\u4ea4\u6613\u5f62\u5f0f\uff0c\u8ce3\u65b9\u7e3d\u662f\u5e0c\u671b\u80fd\u628a\u6771\u897f\u8ce3\u7d66\u51fa\u50f9\u6700\u9ad8\u7684\u4eba\uff0c\u8cb7\u65b9\u5247\u7e3d\u662f\u5e0c\u671b\u7528\u6700\u4f4e\u7684\u50f9\u683c\u8cb7\u5230\u8ca8\u7269\uff0c\u65e9\u57282500\u5e74\u524d\uff0c\u53e4\u5e0c\u81d8\u6b77\u53f2\u5b78\u5bb6\u5e0c\u7f85\u591a\u5fb7\u5c31\u8a18\u9304\u4e86\u53e4\u5df4\u6bd4\u502b\u7684\u62cd\u8ce3\uff0c\u53ef\u898b\u62cd\u8ce3\u7684\u6b77\u53f2\u975e\u5e38\u60a0\u4e45\u3002<\/p>\n\n\n\n<p>Auction\u4e00\u8a5e\u662f\u5f9e\u62c9\u4e01\u6587\u201cauctio\u201d\u6216\u662f\u201caugere\u201d\u884d\u751f\u800c\u4f86\uff0c\u610f\u601d\u662f\u589e\u52a0\uff08increase\uff09\uff0c\u6240\u4ee5\u5728\u62cd\u8ce3\u7684\u5834\u5408\u4e2d\uff0c\u901a\u5e38\u662f\u4ee5\u51fa\u50f9\u6700\u9ad8\u8005\u5f97\u6a19\uff08sold to highest 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auctions\uff0c\u6b63\u5f0f\u540d\u7a31\u70baOpen descending-bid 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