●Rule144 A offering Variations in Underwriting of Securities ●Auction Process Preemptive Rights Offering 2.基本概念和知识点 ●Primary Market ●SEC Registration statement ●Prospectus ●Waiting period ●Red herring ●Due diligence ●Liquidity concerns ●Bought Deal Competitive Bidding Underwriting ●Dutch auction Multiple-price auction Standby underwriting arrangement 3.问题与应用（能力要求） Why prefer bought deal? What are the real world capital markets mostly like? 第2节Secondary Markets 1.主要内容 Primary difference between the primary and secondary market Function of Secondary Markets Architectural Structure of Secondary Markets ·Types of Markets ●Trading Locations o Secondary Market Trading Mechanics ●Securities Finance Role of Brokers and Dealers in Real Markets ●Market Efficiency 2.基本概念和知识点 ● Secondary Market 10 10 ⚫ Rule 144A offering ⚫ Variations in Underwriting of Securities ⚫ Auction Process ⚫ Preemptive Rights Offering 2. 基本概念和知识点 ⚫ Primary Market ⚫ SEC ⚫ Registration statement ⚫ Prospectus ⚫ Waiting period ⚫ Red herring ⚫ Due diligence ⚫ Liquidity concerns ⚫ Bought Deal ⚫ Competitive Bidding Underwriting ⚫ Dutch auction ⚫ Multiple-price auction ⚫ Standby underwriting arrangement 3. 问题与应用（能力要求） ⚫ Why prefer bought deal? ⚫ What are the real world capital markets mostly like? 第 2 节 Secondary Markets 1. 主要内容 ⚫ Primary difference between the primary and secondary market ⚫ Function of Secondary Markets ⚫ Architectural Structure of Secondary Markets ⚫ Types of Markets ⚫ Trading Locations ⚫ Secondary Market Trading Mechanics ⚫ Securities Finance ⚫ Role of Brokers and Dealers in Real Markets ⚫ Market Efficiency 2. 基本概念和知识点 ⚫ Secondary Market