By the same argument , if an ipo is neither over - nor under - subscribed , that indicates that the shares have been priced at the right level - one that clears supply and demand 根据同一理据，若首次发售新股并没有出现超额认购或认购不足的情况，即表示定价正确，供求能够配合。
If the total number of shares for which investors have applied equals or exceeds the amount on offer , the issue is said to be fully subscribed or oversubscribed ( in the case an excess ) 如果投资人所申购的总股数等于或超过发行量，就称为全部认购或超额认购（在超额的情况下） 。
The results of the tender together with the allotment will be published in the south china morning post , hong kong economic journal , and hong kong economic times on wednesday 29 august 2001 现由于零售部份获得超额认购，有关之配售将结合按比例分配及抽签进行。投标结果及分配结果将于
Investors submitting non - competitive bids may not be allotted the full amount of notes applied for if the amount of notes available for non - competitive tender is over - subscribed 若以非竞争性投标方式发售的债券获超额认购，递交非竞争性投标的投资者不一定会获全数配发所申请认购的债券。
Whenever there is an ipo of shares , the focus of attention is invariably on how many times it is over - subscribed . indeed , the common measurement of success is the degree of over - subscription 每逢首次发售新股，大家关注的总是股票获超额认购的倍数，而这亦确实是衡量招股是否成功的指标。
Our note issuance programme has already won a strong following among financial institutions and institutional investors , as evidenced by an average over - subscription rate in 2000 of over eight times 我们的债券发行计划已深受财务机构及机构投资者欢迎，于二零零零年录得平均逾八倍的超额认购数字可资佐证。
