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不同于中国,在工业化国家,股票私募发行、私募市场一般都是先于公开发行、公开市场出现。美国的证券发展史也是如此。
Different from China, in the industrialized countries, private placement of private equity and private equity markets are generally preceded by public offering and the open market appears. The same is true of the history of securities in the United States.