询价圈购

竞拍、甚至是机构间询价圈购，可以用来选定一个稳定的长期价格，而散户投资者也获得了购买的机会，而不会破坏长期价格。

An auction , or even a bookbuilding among institutions , could be used to pick a stable long-term price while retail investors got a separate chance to buy without disrupting that .

上个月，在忠旺询价圈购（book-building）期间，机构账簿超额认购接近3倍，人们真心希望，这家将得益于基础设施支出增加的企业，有望获得一个良好的上市开局。

During the book-building process for China Zhongwang last month , the institutional book was nearly three times covered and there were real hopes that a company due to benefit from raised infrastructure spending would get off to a solid start .

可以采用美式风格的路演询价圈购、先来先服务、投标式等方法。

An American-style book-building ; first-come , first-serve ; tender offer , etc.

询价圈购一旦完成，便可确定首次公开发行的价格。

Once book-building is completed , a price can be set for the IPO .

就像危机前一样，银行家们正忙着客户路演，构建交易，对股票或债券进行“询价圈购”。

Just as before the crisis , bankers are busy with client roadshows , constructing deals and " book-building " the resulting investor orders for equity or bonds .