The stage in which bankers collect orders at a series of prices, so that demand can be read before a price is fixed.
建簿
| Move变动 | Where it appeared出现位置 | What it means这句话在说什么 |
|---|---|---|
| — | The market did not cut Anthropic's valuation. It asked for a price. 建簿 · 第 1 张术语卡 | The filing has no range because the book has not been built yet: the book produces the range. 建簿的诀窍是「先问价、后定价」：同一只股票在几个价位上分别记录愿意买多少，薄的价位划掉，厚的留下，价格落在被覆盖的那一档。所以 IPO 的价格不是算出来的，是试出来的——也所以它能在两周里从 2 万亿掉到 1.2 万亿，而公司什么都没做。 |