一、什么叫做股票发行的路演? 路演(Road Show)也有人译作“路游”,是股票承销商帮助发行人安排的发行前的调研活动。一般来讲,承销商先选择一些可能销出股票的地点,并选择一些可能的投资者,主要是机构投资者。然后,带领发行人逐个地点去召开会议,介绍发行人的情况,了解投资人的投资意向。有时,会计师和投资顾问也参加这一活动,而大多数情况下,一些基金经理人会参加这一活动。承销商和发行人通过路演,可以比较客观地决定发行量、发行价及发行时机等。二、什么情况下可实施“绿鞋”的安排? 绿鞋(Green Shoe)是一种包销商在获得发行人许可下可以超额配售股份的发行方式,其意图在于防止股票发行上市后 First, what is the roadshow of stock issuance? Road Show (Road Show) Some people also translated as “road tour”, is the stock underwriters to help the issuer arranged pre-release research activities. In general, the underwriter chooses some locations where the stock may be sold and selects some potential investors, mainly institutional investors. Then, lead the issuers to hold meetings one by one to introduce the situation of the issuers and understand the investment intention of the investors. Occasionally, accountants and investment advisers also participate in this activity, while in most cases some fund managers will participate in this activity. Underwriters and distributors through road shows, you can objectively determine the circulation, issue price and distribution timing. Second, under what circumstances can the implementation of “green shoes” arrangements? Green shoes (Green Shoe) is an underwriter with the issuer permission to over-allotment of the issue of shares, the intention is to prevent the issuance of shares after the listing