该公司的股票在第一个交易日跌破了发行价。

Shares in the company slipped below their issue price on their first day of trading.

行业专家认为万科股价跌破发行价的主要原因是市场的变化。

Industry experts indicate that Wanke's stock price fell below its issue price mainly due to market change.

通常来说，一笔IPO在经历最初的热捧之后，股价随后就会跌破发行价。

Often, after an initial frenzy on an IPO, the stocks later fall below their initial offering price.

SJM公司7月上市后，屡次削减发行价以刺激市场关注，目前它的估价已经折半。

SJM, which went public in July after repeatedly cutting its offering price to entice a sceptical market, has seen its valuation cut in half.

新东方首日收盘价较之其发行价飙升了39％，是今年4月以来纽交所首日表现最好的新股票。

New Oriental soared 39 percent after their initial public offering, the biggest first-day gain for a new stock since April.