Analysis of the Relationship Between New Stock Issue and Price Determination and Information Efficiency

Abstract

Based on the understanding of new shares , the price is determined and the relationship between the efficiency, according to the presented between the multi-level and multi-dimensional characteristics, build a has the internal logic relations, can be intuitive show the theoretical framework of influence factors, and using covariance structure model analysis method of experiment and analysis, It is clear that the information efficiency of IPO pricing in China is limited.