Research On The Influencing Factors Of IPO Pricing On China’s Listed Banks

As everyone knows, nearly two years economic arena, China’s commercial banks IPO event is a drama series.Agricultural Bank of China was in July15,2010,16in Shanghai and Hongkong listing.Listed in August18th, a Chinese IPO listed the shortest time record of China Everbright Bank, the official landing A shares, listed on the first day of gains of18%beyond many people expected.Since2010September, the city firm listed on the trumpets blew grew louder and louder, much home bank outgoing queue IPO news, the Bank of Shanghai, Bank of Hangzhou, Bank of Chongqing, Bank of Urumqi, Dalian banks, more than10city firm proposed plan IPO.In this economic environment, the bank’s IPO pricing has become the hot topic for people to discuss.Therefore, this paper on China’s listed banks data analysis, so as to find out the effects of IPO pricing factors, on the future of listed banks IPO price to provide certain mathematical support.First, after reviewing the domestic and IPO pricing based on the present research, introduced the IPO pricing theories, summarized in many application model, this paper describes the needs of multi factors pricing model, which describes the selection of multi factors pricing model of reason.Secondly, discussed our country banking firm of IPO pricing system evolution and current situation analysis, on China IPO pricing system from scratch, from immature to mature in the evolution process, reflects from one aspect of China in the IPO pricing system in terms of the number of defective and need to improve in some aspects.Again, considering a lot of influence of IPO pricing factors, and ultimately selected scale factors, safety, liquidity, growth ability, monetary policy, capital market conditions and other factors, using the multi factors pricing model on the listed banks for data analysis, find out the influence of banking firm IPO a major factor in pricing, and to establish effective linear equations, through the regression analysis of the final result.Finally, Put forward some IPO pricing policies on China’s banking.