超额认购的中文解释

指市场对新发行证券的认购量超过发行量。出现超额认购时，可以透过抽签或按比例的方式分配证券。超额认购的程度越高，代表市场对该证券的需求越高，挂牌交易后价格很易升至远高于发行价的水平。

Oversubscribed的英文解释

When an issuing house receives more subscriptions for a new issue than are available. Applications cannot be met in full and the issue will then be shared out, typically on a pro rata basis. The issue will tend to open at a premium to its issue price, reflecting the over-demand

• available [ə´veiləbəl]   a.可用的；有效的   (初中英语单词)
• premium [´pri:miəm]   n.奖励；奖金；保险费   (英语四级单词)