{"id":80738,"date":"2026-06-14T23:56:00","date_gmt":"2026-06-14T15:56:00","guid":{"rendered":"https:\/\/www.granitefirm.com\/blog\/?p=80738"},"modified":"2026-07-12T09:34:54","modified_gmt":"2026-07-12T01:34:54","slug":"%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a","status":"publish","type":"post","link":"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/","title":{"rendered":"\u7f8e\u80a1\u975c\u9ed8\u671f\u7684\u6cd5\u5f8b\u898f\u5b9a"},"content":{"rendered":"\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"\u986f\u793a\/\u96b1\u85cf\u5167\u5bb9\u76ee\u9304\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #ffffff;color:#ffffff\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #ffffff;color:#ffffff\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E7%BE%8E%E8%82%A1%E9%9D%9C%E9%BB%98%E6%9C%9F%E7%B0%A1%E4%BB%8B\" >\u7f8e\u80a1\u975c\u9ed8\u671f\u7c21\u4ecb<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E4%BD%95%E8%AC%82%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%9F\" >\u4f55\u8b02\u975c\u9ed8\u671f\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E5%B0%8D%E3%80%8C%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E7%99%BC%E8%A1%8C%EF%BC%88IPO%EF%BC%89%E3%80%8D%E5%92%8C%E3%80%8C%E6%AF%8F%E5%AD%A3%E8%B2%A1%E5%A0%B1%E5%89%8D%E3%80%8D%E7%9A%84%E5%B7%AE%E7%95%B0\" >\u5c0d\u300c\u9996\u6b21\u516c\u958b\u767c\u884c\uff08IPO\uff09\u300d\u548c\u300c\u6bcf\u5b63\u8ca1\u5831\u524d\u300d\u7684\u5dee\u7570<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E8%82%A1%E7%A5%A8%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E7%99%BC%E8%A1%8C%E5%89%8D%EF%BC%88IPO_%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%89\" >\u80a1\u7968\u9996\u6b21\u516c\u958b\u767c\u884c\u524d\uff08IPO \u975c\u9ed8\u671f\uff09<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E6%B6%B5%E8%93%8B%E6%9C%9F%E9%96%93\" >\u6db5\u84cb\u671f\u9593<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E8%99%95%E7%BD%B0%E5%BE%8C%E6%9E%9C\" >\u8655\u7f70\u5f8c\u679c<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E6%AF%8F%E5%AD%A3%E7%99%BC%E8%A1%A8%E8%B2%A1%E5%A0%B1%E5%89%8D%EF%BC%88%E5%AD%A3%E5%A0%B1%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%89\" >\u6bcf\u5b63\u767c\u8868\u8ca1\u5831\u524d\uff08\u5b63\u5831\u975c\u9ed8\u671f\uff09<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E6%85%A3%E4%BE%8B%E6%9C%9F%E9%96%93\" >\u6163\u4f8b\u671f\u9593<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E6%9C%9F%E9%96%93%E8%A1%8C%E7%82%BA%E9%99%90%E5%88%B6\" >\u671f\u9593\u884c\u70ba\u9650\u5236<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E7%B8%BD%E7%B5%90\" >\u7e3d\u7d50<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/#%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\" >\u76f8\u95dc\u6587\u7ae0<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%BE%8E%E8%82%A1%E9%9D%9C%E9%BB%98%E6%9C%9F%E7%B0%A1%E4%BB%8B\"><\/span>\u7f8e\u80a1\u975c\u9ed8\u671f\u7c21\u4ecb<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BD%95%E8%AC%82%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%9F\"><\/span>\u4f55\u8b02\u975c\u9ed8\u671f\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5728\u7f8e\u570b\u8b49\u5238\u5e02\u5834\u4e2d\uff0c\u300c\u975c\u9ed8\u671f\u300d\uff08Quiet Period\uff09 \u662f\u4e00\u500b\u975e\u5e38\u91cd\u8981\u7684\u5408\u898f\u6982\u5ff5\uff0c\u65e8\u5728\u7dad\u8b77\u5e02\u5834\u516c\u5e73\u6027\uff0c\u9632\u6b62\u8cc7\u8a0a\u4e0d\u5c0d\u7a31\u6216\u4eba\u70ba\u7092\u4f5c\u80a1\u50f9\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E5%B0%8D%E3%80%8C%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E7%99%BC%E8%A1%8C%EF%BC%88IPO%EF%BC%89%E3%80%8D%E5%92%8C%E3%80%8C%E6%AF%8F%E5%AD%A3%E8%B2%A1%E5%A0%B1%E5%89%8D%E3%80%8D%E7%9A%84%E5%B7%AE%E7%95%B0\"><\/span>\u5c0d\u300c\u9996\u6b21\u516c\u958b\u767c\u884c\uff08IPO\uff09\u300d\u548c\u300c\u6bcf\u5b63\u8ca1\u5831\u524d\u300d\u7684\u5dee\u7570<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u96d6\u7136\u5927\u5bb6\u5e38\u628a\u9019\u5169\u8005\u6df7\u70ba\u4e00\u8ac7\uff0c\u4f46\u4e8b\u5be6\u4e0a\uff0c\u300c\u9996\u6b21\u516c\u958b\u767c\u884c\uff08IPO\uff09\u300d\u7684\u975c\u9ed8\u671f\u662f\u7531\u7f8e\u570b\u8b49\u7ba1\u6703\uff08SEC\uff09\u6cd5\u5f8b\u56b4\u683c\u660e\u6587\u898f\u5b9a\u7684\uff1b\u800c\u300c\u6bcf\u5b63\u8ca1\u5831\u524d\u300d\u7684\u975c\u9ed8\u671f\uff0c\u5247\u4e3b\u8981\u662f\u4f01\u696d\u70ba\u4e86\u9075\u5b88\u300a\u516c\u5e73\u8cc7\u8a0a\u62ab\u9732\u898f\u5b9a\u300b\uff08Regulation FD\uff09\u800c\u884d\u751f\u51fa\u7684\u300c\u696d\u754c\u81ea\u5f8b\u6163\u4f8b\u300d\u3002<\/p>\n\n\n\n<p>\u95dc\u65bc\u300a\u516c\u5e73\u8cc7\u8a0a\u62ab\u9732\u898f\u5b9a\u300b\uff08Regulation FD\uff09\uff0c\u8a73\u60c5\u8acb\u898b\u6211\u7684\u53e6\u4e00\u5247\u8cbc\u6587\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/20\/%e7%be%8e%e8%82%a1%e7%9a%84%e5%85%a7%e7%b7%9a%e4%ba%a4%e6%98%93%e5%92%8c%e6%b3%95%e8%a6%8f\/\">\u7f8e\u80a1\u7684\u5167\u7dda\u4ea4\u6613\u548c\u6cd5\u898f<\/a>\u300b\u7684\u8aaa\u660e\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%82%A1%E7%A5%A8%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E7%99%BC%E8%A1%8C%E5%89%8D%EF%BC%88IPO_%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%89\"><\/span>\u80a1\u7968\u9996\u6b21\u516c\u958b\u767c\u884c\u524d\uff08IPO \u975c\u9ed8\u671f\uff09<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9019\u662f<a href=\"https:\/\/www.sec.gov\/rules-regulations\/statutes-regulations#secact1933\" target=\"_blank\" rel=\"noopener\"> SEC \u6cd5\u5f8b\uff081933\u5e74\u8b49\u5238\u6cd5<\/a>\uff09\u56b4\u683c\u5f37\u5236\u57f7\u884c \u7684\u898f\u5b9a\u3002\u5176\u76ee\u7684\u662f\u70ba\u4e86\u9632\u6b62\u516c\u53f8\u5728\u4e0a\u5e02\u524d\uff0c\u900f\u904e\u5927\u8086\u5ba3\u50b3\u6216\u91cb\u653e\u672a\u7d93\u5be9\u8a08\u7684\u9810\u6e2c\u4f86\u300c\u70d8\u6258\u300d\u80a1\u50f9\uff08\u9019\u7a2e\u9055\u898f\u5ba3\u50b3\u5728\u7f8e\u570b\u6cd5\u5f8b\u4e2d\u88ab\u7a31\u70ba Gun-jumping \u6436\u8dd1\uff09\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%B6%B5%E8%93%8B%E6%9C%9F%E9%96%93\"><\/span>\u6db5\u84cb\u671f\u9593<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>IPO \u7684\u975c\u9ed8\u671f\u901a\u5e38\u53ef\u4ee5\u5206\u70ba\u4e09\u500b\u968e\u6bb5\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u905e\u4ea4\u4e0a\u5e02\u7533\u8acb\u524d\uff08Pre-filing Period\uff09\uff1a \u7576\u516c\u53f8\u8207\u627f\u92b7\u5238\u5546\u9054\u6210\u4e0a\u5e02\u610f\u5411\u6642\u5373\u958b\u59cb\u3002\u5728\u905e\u4ea4\u62db\u80a1\u66f8\uff08Registration Statement\uff09\u524d\uff0c\u7d55\u5c0d\u4e0d\u80fd\u516c\u958b\u8ac7\u8ad6\u3001\u63a8\u5ee3\u4efb\u4f55\u6709\u95dc\u767c\u884c\u80a1\u7968\u7684\u4e8b\u5b9c\u3002<\/li>\n\n\n\n<li>\u7b49\u5f85\u751f\u6548\u671f\uff08Waiting Period\uff09\uff1a \u5f9e\u516c\u53f8\u5411 SEC \u6b63\u5f0f\u905e\u4ea4\u62db\u80a1\u66f8\uff0c\u5230 SEC \u5ba3\u5e03\u62db\u80a1\u66f8\u6b63\u5f0f\u300c\u751f\u6548\u300d\uff08Effective\uff09\u70ba\u6b62\u3002\u9019\u6bb5\u671f\u9593\u516c\u53f8\u53ea\u80fd\u900f\u904e\u521d\u6b65\u62db\u80a1\u66f8\uff08Red Herring\uff09\u5411\u6295\u8cc7\u4eba\u63ed\u9732\u8cc7\u8a0a\uff0c\u9ad8\u7ba1\u4e0d\u80fd\u767c\u8868\u4efb\u4f55\u6d89\u53ca\u672a\u4f86\u7684\u76c8\u5229\u9810\u6e2c\u3002<\/li>\n\n\n\n<li>\u4e0a\u5e02\u5f8c\u975c\u9ed8\u671f\uff08Post-IPO Quiet Period\uff09\uff1a \u80a1\u7968\u6b63\u5f0f\u639b\u724c\u4ea4\u6613\u5f8c\uff0c\u6839\u64da SEC \u8207 FINRA\uff08\u7f8e\u570b\u91d1\u878d\u696d\u76e3\u7ba1\u5c40\uff09\u7684\u898f\u5b9a\uff0c\u53c3\u8207\u8a72 IPO \u7684\u627f\u92b7\u5546\u3001\u5206\u6790\u5e2b\u5728\u4e0a\u5e02\u5f8c\u7684 10 \u5929\u5167\uff08\u65b0\u5275\u6210\u9577\u578b\u4f01\u696d\/JOBS\u6cd5\u6848\u67b6\u69cb\u4e0b\uff09\u6216 25 \u5929\u5167\uff0c\u4e0d\u80fd\u767c\u8868\u8a72\u516c\u53f8\u7684\u7814\u7a76\u5831\u544a\u6216\u9032\u884c\u8cb7\u5165\u63a8\u85a6\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E8%99%95%E7%BD%B0%E5%BE%8C%E6%9E%9C\"><\/span>\u8655\u7f70\u5f8c\u679c<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5982\u679c\u516c\u53f8\u9ad8\u7ba1\u6216\u627f\u92b7\u5546\u5728 IPO \u975c\u9ed8\u671f\u5167\u9055\u898f\u767c\u8868\u8a00\u8ad6\uff08\u5982\u63a5\u53d7\u5a92\u9ad4\u5c08\u8a2a\u5927\u8ac7\u672a\u4f86\u9858\u666f\uff09\uff0cSEC \u6709\u6b0a\u5f37\u5236\u63a8\u9072\u5176 IPO \u6642\u7a0b\uff0c\u4e26\u5be6\u65bd 30 \u5929\u5de6\u53f3\u7684\u300c\u51b7\u537b\u671f\u300d\uff08Cooling-off Period\uff09\uff0c\u751a\u81f3\u5c0d\u516c\u53f8\u958b\u7f70\u3002<\/p>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%AF%8F%E5%AD%A3%E7%99%BC%E8%A1%A8%E8%B2%A1%E5%A0%B1%E5%89%8D%EF%BC%88%E5%AD%A3%E5%A0%B1%E9%9D%9C%E9%BB%98%E6%9C%9F%EF%BC%89\"><\/span>\u6bcf\u5b63\u767c\u8868\u8ca1\u5831\u524d\uff08\u5b63\u5831\u975c\u9ed8\u671f\uff09<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u8207 IPO \u4e0d\u540c\uff0cSEC \u7684\u6210\u6587\u6cd5\u898f\u4e2d\uff0c\u5176\u5be6\u4e26\u6c92\u6709\u4e00\u689d\u6cd5\u5f8b\u689d\u6587\u53eb\u505a\u300c\u6bcf\u5b63\u8ca1\u5831\u524d\u5fc5\u9808\u9589\u5634\u300d\u3002<\/p>\n\n\n\n<p>\u7136\u800c\uff0c<a href=\"https:\/\/www.sec.gov\/rules-regulations\/2000\/08\/selective-disclosure-insider-trading\" target=\"_blank\" rel=\"noopener\">SEC \u5728 2000 \u5e74\u901a\u904e\u4e86 \u300a\u516c\u5e73\u8cc7\u8a0a\u62ab\u9732\u898f\u5b9a\u300b\uff08Regulation FD, Fair Disclosure\uff09<\/a>\u3002\u8a72\u6cd5\u898f\u56b4\u683c\u7981\u6b62\u4e0a\u5e02\u516c\u53f8\u7684\u7ba1\u7406\u968e\u5c64\u5411\u7279\u5b9a\u5c0d\u8c61\uff08\u5982\u7279\u5b9a\u7684\u83ef\u723e\u8857\u5206\u6790\u5e2b\u3001\u6a5f\u69cb\u6cd5\u4eba\u3001\u5927\u80a1\u6771\uff09\u9032\u884c\u300c\u9078\u64c7\u6027\u62ab\u9732\u300d\u672a\u516c\u958b\u7684\u91cd\u5927\u5167\u7dda\u6d88\u606f\uff08MNPI\uff09\u3002<\/p>\n\n\n\n<p>\u70ba\u4e86\u767e\u5206\u4e4b\u767e\u907f\u514d\u9ad8\u7ba1\u5728\u4e0d\u7d93\u610f\u9593\u900f\u9732\u7576\u5b63\u71df\u904b\u597d\u58de\uff0c\u9032\u800c\u9055\u53cd Regulation FD \u89f8\u6cd5\uff0c\u5168\u7f8e\u570b\u7684\u4e0a\u5e02\u516c\u53f8\u90fd\u6709\u9ed8\u5951\u5730\u5236\u5b9a\u4e86\u5167\u90e8\u7684\u300c\u8ca1\u5831\u975c\u9ed8\u671f\u300d\u653f\u7b56\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%85%A3%E4%BE%8B%E6%9C%9F%E9%96%93\"><\/span>\u6163\u4f8b\u671f\u9593<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u901a\u5e38\u59cb\u65bc\u6bcf\u500b\u8ca1\u653f\u5b63\u5ea6\u7d50\u675f\u524d\u7684\u6700\u5f8c\u5169\u9031\uff08\u5927\u7d04\u662f\u6bcf\u5b63\u7684\u7b2c 3 \u500b\u6708\u5e95\uff09\uff0c\u6216\u8005\u662f\u8ca1\u5831\u516c\u4f48\u524d\u7684 2 \u5230 4 \u9031\u3002<\/li>\n\n\n\n<li>\u4e00\u76f4\u6301\u7e8c\u5230\u516c\u53f8\u6b63\u5f0f\u767c\u5e03\u8ca1\u5831\u8207\u53ec\u958b\u96fb\u8a71\u6703\u8b70\uff08Earnings Call\uff09\u7576\u5929\u70ba\u6b62\u3002<\/li>\n<\/ul>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E6%9C%9F%E9%96%93%E8%A1%8C%E7%82%BA%E9%99%90%E5%88%B6\"><\/span>\u671f\u9593\u884c\u70ba\u9650\u5236<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u5728\u8ca1\u5831\u975c\u9ed8\u671f\u5167\uff0c\u516c\u53f8\u7684\u57f7\u884c\u9577\uff08CEO\uff09\u3001\u8ca1\u52d9\u9577\uff08CFO\uff09\u548c\u6295\u8cc7\u4eba\u95dc\u4fc2\u90e8\u9580\uff08IR\uff09\u6703\u63a1\u53d6\u4ee5\u4e0b\u63aa\u65bd\uff1a<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u8b1d\u7d55\u6240\u6709\u5206\u6790\u5e2b\u548c\u6a5f\u69cb\u6cd5\u4eba\u7684\u79c1\u4e0b\u62dc\u8a2a\u3001\u4e00\u5c0d\u4e00\u5c0d\u8a71\u3002<\/li>\n\n\n\n<li>\u62d2\u7d55\u56de\u7b54\u4efb\u4f55\u95dc\u65bc\u7576\u5b63\u8ca1\u52d9\u8868\u73fe\u3001\u51fa\u8ca8\u91cf\u3001\u6bdb\u5229\u7387\u6216\u672a\u4f86\u5c55\u671b\u7684\u554f\u984c\u3002<\/li>\n\n\n\n<li>\u5373\u4f7f\u53c3\u52a0\u516c\u958b\u7684\u6295\u8cc7\u4eba\u8ad6\u58c7\uff0c\u4e5f\u53ea\u80fd\u91cd\u7533\u300c\u4e0a\u4e00\u5b63\u5df2\u7d93\u516c\u958b\u7684\u820a\u8cc7\u6599\u300d\uff0c\u5c0d\u65bc\u4efb\u4f55\u7576\u5b63\u7684\u63d0\u554f\uff0c\u4e00\u5f8b\u4ee5\u300c\u6211\u5011\u76ee\u524d\u6b63\u8655\u65bc\u975c\u9ed8\u671f\u300d\u70ba\u7531\u4e0d\u4e88\u7f6e\u8a55\uff08No Comment\uff09\u3002<\/li>\n<\/ul>\n\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity\"\/>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%B8%BD%E7%B5%90\"><\/span>\u7e3d\u7d50<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table class=\"has-fixed-layout\"><thead><tr><td><strong>\u9805\u76ee<\/strong><\/td><td><strong>IPO \u975c\u9ed8\u671f<\/strong><\/td><td><strong>\u8ca1\u5831\u975c\u9ed8\u671f<\/strong><\/td><\/tr><\/thead><tbody><tr><td><strong>\u6cd5\u5f8b\u4f9d\u64da<\/strong><\/td><td>SEC 1933 \u5e74\u8b49\u5238\u6cd5\uff08\u5f37\u5236\u6027\uff09<\/td><td>\u884d\u751f\u81ea SEC Regulation FD\uff08\u4f01\u696d\u81ea\u5f8b\u6163\u4f8b\uff09<\/td><\/tr><tr><td><strong>\u4e3b\u8981\u76ee\u7684<\/strong><\/td><td>\u9632\u6b62\u5728\u80a1\u7968\u4e0a\u5e02\u524d\u904e\u5ea6\u5439\u5653\u3001\u975e\u6cd5\u8a98\u9a19\u6295\u8cc7\u4eba\u3002<\/td><td>\u9632\u6b62\u5c07\u672a\u516c\u958b\u7684\u91cd\u5927\u8ca1\u52d9\u6578\u5b57\u300c\u9078\u64c7\u6027\u900f\u9732\u300d\u7d66\u7279\u5b9a\u6a5f\u69cb\u3002<\/td><\/tr><tr><td><strong>\u5f71\u97ff\u5c0d\u8c61<\/strong><\/td><td>\u767c\u884c\u516c\u53f8\u3001\u516c\u53f8\u9ad8\u7ba1\u3001\u627f\u92b7\u5546\u53ca\u5238\u5546\u5206\u6790\u5e2b\u3002<\/td><td>\u4e0a\u5e02\u516c\u53f8\u7ba1\u7406\u968e\u5c64\uff08\u57f7\u884c\u9577\u3001\u8ca1\u52d9\u9577\u3001\u516c\u95dc\uff09\u3002<\/td><\/tr><tr><td><strong>\u6642\u9593\u9577\u77ed<\/strong><\/td><td>\u5f9e\u7c4c\u5099\u4e0a\u5e02\u958b\u59cb\uff0c\u76f4\u5230\u4e0a\u5e02\u5f8c 10~25 \u5929\u3002<\/td><td>\u8ca1\u5831\u516c\u4f48\u524d\u7684 2~4 \u9031\uff0c\u76f4\u5230\u8ca1\u5831\u7576\u5929\u5c0d\u5916\u516c\u958b\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>\u9019\u5957\u5b8c\u6574\u7684\u6a5f\u5236\uff0c\u5c31\u662f\u70ba\u4e86\u78ba\u4fdd\u4e0d\u8ad6\u662f\u6563\u6236\u9084\u662f\u83ef\u723e\u8857\u5de8\u982d\uff0c\u5728\u5e02\u5834\u4e0a\u7372\u5f97\u4f01\u696d\u6838\u5fc3\u8ca1\u52d9\u8cc7\u8a0a\u7684\u6642\u9593\u9ede\u8207\u5167\u5bb9\u662f\u5b8c\u5168\u4e00\u81f4\u4e14\u516c\u5e73\u7684\u3002<\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img loading=\"lazy\" decoding=\"async\" width=\"101\" height=\"80\" src=\"https:\/\/www.granitefirm.com\/blog\/wp-content\/uploads\/2026\/06\/quiet-period-Custom.jpg\" alt=\"\u7f8e\u80a1\u975c\u9ed8\u671f\n\" class=\"wp-image-80755\"\/><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E7%9B%B8%E9%97%9C%E6%96%87%E7%AB%A0\"><\/span>\u76f8\u95dc\u6587\u7ae0<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<ul class=\"wp-block-list\">\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/14\/%e7%be%8e%e8%82%a1%e9%9d%9c%e9%bb%98%e6%9c%9f%e7%9a%84%e6%b3%95%e5%be%8b%e8%a6%8f%e5%ae%9a\/\">\u7f8e\u80a1\u975c\u9ed8\u671f\u7684\u6cd5\u5f8b\u898f\u5b9a<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2026\/06\/16\/%e8%bc%9d%e9%81%94%e9%bb%83%e4%bb%81%e5%8b%b3%e6%8e%a8%e8%96%a6%e5%80%8b%e8%82%a1%e6%a5%b5%e4%b8%8d%e9%81%a9%e7%95%b6\/\">\u8f1d\u9054\u9ec3\u4ec1\u52f3\u63a8\u85a6\u500b\u80a1\u6975\u4e0d\u9069\u7576<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/03\/20\/%e7%be%8e%e8%82%a1%e7%9a%84%e5%85%a7%e7%b7%9a%e4%ba%a4%e6%98%93%e5%92%8c%e6%b3%95%e8%a6%8f\/\">\u7f8e\u80a1\u7684\u5167\u7dda\u4ea4\u6613\u548c\u6cd5\u898f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2021\/05\/03\/%e4%bc%81%e6%a5%ad%e5%85%a7%e9%83%a8%e4%ba%ba%e5%a3%ab%e6%8c%81%e8%82%a1%e8%ae%8a%e5%8c%96%e5%92%8c%e6%b3%95%e4%ba%ba%e6%8c%81%e8%82%a1%e6%af%94%e7%8e%87\/\">\u4f01\u696d\u5167\u90e8\u4eba\u58eb\u6301\u80a1\u8b8a\u5316\u548c\u6cd5\u4eba\u6301\u80a1\u6bd4\u7387<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/11\/10\/%e4%ba%9e%e9%a6%ac%e9%81%9c%e5%85%a7%e9%83%a8%e4%ba%ba%e5%a3%ab%e4%ba%a4%e6%98%93%e6%98%af2025%e5%b9%b4%e8%82%a1%e5%83%b9%e4%b8%8d%e6%8c%af%e7%9a%84%e4%b8%bb%e8%a6%81%e5%9b%a0%e7%b4%a0%e4%b9%8b\/\">\u4e9e\u99ac\u905c\u5167\u90e8\u4eba\u58eb\u4ea4\u6613\u662f2025\u5e74\u80a1\u50f9\u4e0d\u632f\u7684\u4e3b\u8981\u56e0\u7d20\u4e4b\u4e00<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/10\/%E7%BE%8E%E5%9C%8Betf%E6%8C%87%E6%95%B8%E5%9F%BA%E9%87%91%E7%9A%84%E6%B3%95%E8%A6%8F%E5%92%8C%E9%99%90%E5%88%B6%E9%80%A0%E6%88%90%E7%9A%84%E5%BE%8C%E6%9E%9C\/\">\u7f8e\u570bETF\u6307\u6578\u57fa\u91d1\u7684\u6cd5\u898f\u548c\u9650\u5236\u9020\u6210\u7684\u5f8c\u679c<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2025\/07\/14\/%e5%93%a1%e5%b7%a5%e9%85%8d%e8%82%a1%e4%bd%94%e6%95%b4%e9%ab%94%e8%96%aa%e9%85%ac%e5%a4%9a%e5%a4%a7%e7%9a%84%e6%af%94%e4%be%8b%ef%bc%9f\/\">\u54e1\u5de5\u914d\u80a1\u4f54\u6574\u9ad4\u85aa\u916c\u591a\u5927\u7684\u6bd4\u4f8b\uff1f<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2022\/12\/31\/%E5%9F%B7%E8%A1%8C%E9%95%B7%E5%9B%9E%E4%BB%BB%E4%BC%81%E6%A5%AD%E7%9A%84%E5%84%AA%E5%8A%A3\/\" target=\"_blank\" rel=\"noreferrer noopener\">\u57f7\u884c\u9577\u56de\u4efb\u4f01\u696d\u7684\u512a\u52a3<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/06\/04\/%e7%95%b6%e5%9f%b7%e8%a1%8c%e9%95%b7%e6%8c%81%e8%82%a1%e6%84%88%e5%a4%9a%ef%bc%8c%e8%82%a1%e7%a5%a8%e5%9b%9e%e5%a0%b1%e7%8e%87%e6%84%88%e9%ab%98\/\">\u7576\u57f7\u884c\u9577\u6301\u80a1\u6108\u591a\uff0c\u80a1\u7968\u56de\u5831\u7387\u6108\u9ad8<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/03\/06\/%e5%89%b5%e8%be%a6%e4%ba%ba%e5%85%bc%e5%9f%b7%e8%a1%8c%e9%95%b7%e7%9a%84%e8%82%a1%e5%83%b9%e8%a1%a8%e7%8f%be%e6%98%8e%e9%a1%af%e8%bc%83%e4%bd%b3\/\">\u5275\u8fa6\u4eba\u517c\u57f7\u884c\u9577\uff0c\u80a1\u50f9\u8868\u73fe\u660e\u986f\u8f03\u4f73<\/a>\u300b<\/li>\n\n\n\n<li>\u300a<a href=\"https:\/\/www.granitefirm.com\/blog\/blog\/2023\/05\/31\/%e5%93%a1%e5%b7%a5%e8%82%a1%e7%a5%a8%e9%81%b8%e6%93%87%e6%ac%8a\/\">\u4ee5\u54e1\u5de5\u80a1\u7968\u9078\u64c7\u6b0a\u505a\u70ba\u85aa\u916c\u7684\u512a\u52a3<\/a>\u300b<\/li>\n<\/ul>\n\n\n\n<p><em><strong>\u91cd\u8981\u8072\u660e<\/strong><\/em><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li><em>\u672c\u7ad9\u5167\u5bb9\u70ba\u4f5c\u8005\u500b\u4eba\u610f\u898b\uff0c\u50c5\u4f9b\u53c3\u8003\uff0c\u672c\u4eba\u4e0d\u5c0d\u6587\u7ae0\u5167\u5bb9\u3001\u8cc7\u6599\u4e4b\u6b63\u78ba\u6027\u3001\u770b\u6cd5\u3001\u8207\u5373\u6642\u6027\u8ca0\u4efb\u4f55\u8cac\u4efb\uff0c\u8b80\u8005\u8acb\u52d9\u5fc5\u81ea\u884c\u5224\u65b7\u3002<\/em><\/li>\n\n\n\n<li><em>\u5c0d\u65bc\u8b80\u8005\u76f4\u63a5\u6216\u9593\u63a5\u4f9d\u8cf4\u4e26\u53c3\u8003\u672c\u7ad9\u8cc7\u8a0a\u5f8c\uff0c\u63a1\u53d6\u4efb\u4f55\u6295\u8cc7\u884c\u70ba\u6240\u5c0e\u81f4\u4e4b\u76f4\u63a5\u6216\u9593\u63a5\u640d\u5931\uff0c\u6216\u56e0\u6b64\u7522\u751f\u4e4b\u4e00\u5207\u8cac\u4efb\uff0c\u672c\u4eba\u5747\u4e0d\u8ca0\u4efb\u4f55\u640d\u5bb3\u8ce0\u511f\u53ca\u5176\u4ed6\u6cd5\u5f8b\u4e0a\u4e4b\u8cac\u4efb\u3002<\/em><\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>\u7f8e\u80a1\u975c\u9ed8\u671f\u662f\u7f8e\u80a1\u4e00\u500b\u975e\u5e38\u91cd\u8981\u7684\u5408\u898f\u6982\u5ff5\uff0cSEC\u6709\u4e00\u5957\u5b8c\u6574\u7684\u6a5f\u5236\uff0c\u5c31\u662f\u70ba\u4e86\u78ba\u4fdd\u4e0d\u8ad6\u662f\u6563\u6236\u9084\u662f\u83ef\u723e\u8857\u5de8\u982d\uff0c\u5728\u5e02\u5834\u4e0a\u7372\u5f97\u4f01\u696d\u6838\u5fc3\u8ca1\u52d9\u8cc7\u8a0a\u7684\u6642\u9593\u9ede\u8207\u5167\u5bb9\u662f\u5b8c\u5168\u4e00\u81f4\u4e14\u516c\u5e73\u7684\u3002<\/p>\n","protected":false},"author":1,"featured_media":80755,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[256,16,390,97,250],"tags":[],"class_list":["post-80738","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-insider-trading","category-insider","category-regulation","category-sec","category-ipo"],"_links":{"self":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/80738","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/comments?post=80738"}],"version-history":[{"count":17,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/80738\/revisions"}],"predecessor-version":[{"id":81303,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/posts\/80738\/revisions\/81303"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media\/80755"}],"wp:attachment":[{"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/media?parent=80738"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/categories?post=80738"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.granitefirm.com\/blog\/wp-json\/wp\/v2\/tags?post=80738"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}