高三英语培优外刊阅读 商贸话题 学案

高三英语培优外刊阅读班级：学号：姓名：外刊精选I从50页到700页，为什么企业上市招股书越来越长?1986年微软上市时的招股书只有50页，然而过了三十多年，在新上市公司的天价估值 背后，招股说明书

高三英语培优外刊阅读 班级：学号：姓名： I50700 外刊精选从页到页，为什么企业上市招股书越来越长? 198650 年微软上市时的招股书只有页，然而过了三十多年，在新上市公司的天价估值背 后，招股说明书已经膨胀到了洋洋洒洒几百页。为什么上市公司的招股书越来越长？是否招股 书页数越多，公司的市值就越高呢？ IPOprospectuses:thelongandlongerofit Giventhesky-highvaluationsachievedbymarketnewbies,itisfittingthattheirprospectuses achieveequallyridiculousbulk.US-listedride-hailingappsDidiandUberbothbombardedwould-be investorswithabout400pagesofinformation.Paytm,listinginIndia,thismonthbestedtheduowitha 500-page"redherring”,aspreliminaryprospectusesareknown. Thisismassivepageinflation.Microsoft,goingpublicin1986,saidallitneededtoin50pages. AcoupleofdecadeslaterGoogleweighedinat230. Thereislittlecorrelationbetweenaprospectus'sgirthandmarketcapitalisation.InEurope,the documentforasub-€150mcompanyisonaverageonlyathirdshorterthanthosevaluedat€lbn-plus, saysOxera,aconsultancy.Nordoesitcorrelatewithanextendedspellasaprivatebusiness:Microsoft spentjustaslongtimeinprivatehandsasmanyoftoday'sdebutantes. Regulations,includingprovisionsunderSarbanes-Oxley,onlypartlyexplaintheverbosity. Likewisecomplexity.Someofthefodderintoday'sprospectusesiskindergarten-simple.Picturesand flowchartspaddedoutMeituanDianping's700pages. Forinvestors,moreisnotnecessarilybetter. Standardisationdiscouragesscrutiny.CompanieshavefollowedGoogle'sleadindisplayingtheir civicstripesbuthaveaddednew,oftenunhelpful,metrics.Timetocutprospectuses-andfantasy metrics-downtosize. 【词汇过关】 请写出下面文单词在文章中的中文意思。 1.IPO ________________________________ 2 .prospectus[pro*spektos]n. __________________________________ 3 .given['givan]prep. ___________________________________ 4 .valuation[,vaelju'elJon]n. ___________________________________ 5 .newbie['njubi]n. _________________________________ ： 6 .fitting['fltig]adj. ___________________________________ 7ulk|bAIk]n. 上 8 .bombard[bom'bad]v. __________________________________ ： 9 .would-be['wudbi]adj. ___________________________________ 10 .list[llst]v. __________________________________ 11.best[best]vt. ________________________________ 12.1 nflation[In'fleiJon]n. ______________________________________ 13 .debutante['debjutont]n. ___________________________________ ： 14 .verbosity[v3'bDsati]n. __________________________________ ： 15 .1ikewise['laikwaiz]adv. ____________________________________ 16.fodder['fDdg]n. __________________________________ 17.standardisation[stsendodal'zelfon]n. ( 18.scrutiny['skrutini]n. _________________________________ ： 19 .civic['sivlk]adj. _____________________________________ 20 .stripe[stralp]n. ___________________________________ 21.spell[spel]n. ________________________________ 【词块学习】 请从文章中找到下面中文相对应的文词块。 1 .降低某物的尺寸或者重要性 ________________________________________________ 2 .二重奏，二人组；两个有共同点的人 ________________________________________________ 3 比赛前量体重；加入比赛 _______________________________________________ 4 .AB 和之间的关联 ________________________________________________