Since the split share structure reform, private placement has become an important mode of refinancing of listed companies in China. In this paper, based on the data in 2015, the event study method is used to study the effect of stock price on private placement. The results show that there is a significant positive stock price effect. And then put forward the corresponding policy recommendations, including providing valuable reference for China's market regulator to better guide the issuance of behavior and make private placement become more effective way of refinancing. Furthermore, this paper will also guide the investors to invest rationally and effectively.
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