Literature Review on Factors Affecting IPO Pricing
In the development process of China capital market,improving the efficiency of capital allocation has become an urgent problem to be solved.Among them,the issue of new share pricing is particularly prominent and has become a key factor restricting the healthy operation of the market.Over the years,a large amount of theory and literature has been accumulated on IPO(initial public offering)pricing research.This aspect of research can provide a reference for improving the efficiency of new share pricing.With the in-depth implementation of the registration system reform of the science and technology innovation board and the growth enterprise market,new share pricing is facing new challenges and opportunities.This paper aims to sort out the important theories of IPO pricing,deeply analyze the research results on the factors affecting IPO pricing in recent literature,and look forward to future research directions.