{"id":31394,"date":"2023-12-07T10:36:40","date_gmt":"2023-12-07T10:36:40","guid":{"rendered":"https:\/\/masterskills.org\/blog\/dau-gia-kieu-ha-lan-dutch-auction-la-gi-dac-diem-dau-gia-kieu-ha-lan.html"},"modified":"2023-12-23T08:10:37","modified_gmt":"2023-12-23T01:10:37","slug":"dau-gia-kieu-ha-lan-dutch-auction-la-gi-dac-diem-dau-gia-kieu-ha-lan","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/dau-gia-kieu-ha-lan-dutch-auction-la-gi-dac-diem-dau-gia-kieu-ha-lan.html","title":{"rendered":"\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan (Dutch Auction) l\u00e0 g\u00ec? \u0110\u1eb7c \u0111i\u1ec3m \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan"},"content":{"rendered":"
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Hi\u0300nh minh ho\u0323a. Ngu\u00f4\u0300n: Procurehere.com<\/i><\/p>\n<\/div>\n<\/div>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan <\/font><\/h2>\n

Kha\u0301i ni\u00ea\u0323m<\/b><\/p>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan<\/b> hay c\u00f2n g\u1ecdi \u0111\u1ea5u gi\u00e1 gi\u1ea3m d\u1ea7n<\/b> trong ti\u00ea\u0301ng Anh la\u0300 Dutch Auction<\/b>.<\/p>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan <\/b>l\u00e0 m\u1ed9t h\u00ecnh th\u1ee9c \u0111\u1ea5u gi\u00e1 c\u00f4ng khai, trong \u0111\u00f3 gi\u00e1 c\u1ee7a b\u00e1n \u0111\u01b0\u1ee3c x\u00e1c \u0111\u1ecbnh sau khi xem x\u00e9t t\u1ea5t c\u1ea3 c\u00e1c gi\u00e1 b\u00e1n, gi\u00e1 b\u00e1n \u0111\u01b0\u1ee3c ch\u1ecdn l\u00e0 m\u1ee9c gi\u00e1 cao nh\u1ea5t m\u00e0 t\u1ea1i \u0111\u00f3 t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng \u0111\u01b0\u1ee3c ch\u00e0o b\u00e1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00e1n. Trong h\u00ecnh th\u1ee9c \u0111\u1ea5u gi\u00e1 n\u00e0y, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 \u0111\u1eb7t gi\u00e1 mua v\u00e0 s\u1ed1 l\u01b0\u1ee3ng h\u1ecd s\u1eb5n s\u00e0ng mua.<\/p>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan l\u00e0 m\u1ed9t lo\u1ea1i h\u00ecnh \u0111\u1ea5u gi\u00e1 ng\u01b0\u1ee3c hay gi\u00e1 c\u1ee7a m\u1ed9t m\u1eb7t h\u00e0ng \u0111\u01b0\u1ee3c h\u1ea1 xu\u1ed1ng cho \u0111\u1ebfn khi n\u00f3 b\u1eb1ng v\u1edbi m\u1ed9t m\u1ee9c tr\u1ea3 gi\u00e1. Gi\u00e1 th\u1ea7u \u0111\u1ea7u ti\u00ean \u0111\u01b0\u1ee3c giao d\u1ecbch l\u00e0 gi\u00e1 th\u1ea7u tr\u00fang th\u1ea7u, gi\u1ea3 s\u1eed r\u1eb1ng gi\u00e1 cao h\u01a1n gi\u00e1 kh\u1edfi \u0111i\u1ec3m. \u0110i\u1ec1u n\u00e0y tr\u00e1i ng\u01b0\u1ee3c v\u1edbi c\u00e1c h\u00ecnh th\u1ee9c truy\u1ec1n th\u1ed1ng c\u00f3 gi\u00e1 t\u0103ng khi c\u00e1c nh\u00e0 th\u1ea7u c\u1ea1nh tranh.<\/p>\n

\u0110\u1eb7c \u0111i\u1ec3m \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan c\u00f4ng khai<\/font><\/h3>\n

N\u1ebfu m\u1ed9t c\u00f4ng ty \u0111ang s\u1eed d\u1ee5ng \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan<\/b> \u0111\u1ec3 ch\u00e0o b\u00e1n \u0111\u1ee3t ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu c\u00f4ng khai \u0111\u1ea7u ti\u00ean (IPO), c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 ti\u1ec1m n\u0103ng s\u1ebd tham gia \u0111\u1ea5u gi\u00e1 s\u1ed1 l\u01b0\u1ee3ng c\u1ed5 phi\u1ebfu h\u1ecd mu\u1ed1n mua c\u0169ng nh\u01b0 m\u1ee9c gi\u00e1 m\u00e0 h\u1ecd s\u1eb5n s\u00e0ng tr\u1ea3. M\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00f3 th\u1ec3 \u0111\u1eb7t gi\u00e1 th\u1ea7u 100 c\u1ed5 phi\u1ebfu \u1edf m\u1ee9c 100 \u0111\u00f4 la trong khi m\u1ed9t nh\u00e0 \u0111\u1ea7u t\u01b0 kh\u00e1c ch\u1ea5p nh\u1eadn gi\u00e1 95 \u0111\u00f4 la cho 500 c\u1ed5 phi\u1ebfu.<\/p>\n

Khi t\u1ea5t c\u1ea3 c\u00e1c gi\u00e1 th\u1ea7u \u0111\u01b0\u1ee3c g\u1eedi \u0111i, v\u1ecb th\u1ebf \u0111\u01b0\u1ee3c ch\u1ec9 \u0111\u1ecbnh ph\u00e2n b\u1ed5 cho c\u00e1c nh\u00e0 th\u1ea7u c\u00f3 gi\u00e1 th\u1ea7u cao nh\u1ea5t tr\u1edf xu\u1ed1ng, cho \u0111\u1ebfn khi t\u1ea5t c\u1ea3 c\u00e1c c\u1ed5 ph\u1ea7n \u0111\u01b0\u1ee3c rao b\u00e1n \u0111\u01b0\u1ee3c b\u00e1n h\u1ebft. Tuy nhi\u00ean, gi\u00e1 m\u00e0 m\u1ed7i nh\u00e0 th\u1ea7u ph\u1ea3i tr\u1ea3 l\u00e0 gi\u00e1 th\u1ea5p nh\u1ea5t c\u1ee7a t\u1ea5t c\u1ea3 c\u00e1c nh\u00e0 th\u1ea7u mua \u0111\u01b0\u1ee3c v\u1ecb th\u1ebf, hay n\u00f3i \u0111\u01a1n gi\u1ea3n l\u00e0 gi\u00e1 th\u1ea7u th\u00e0nh c\u00f4ng cu\u1ed1i c\u00f9ng. Do \u0111\u00f3, ngay c\u1ea3 khi b\u1ea1n \u0111\u1eb7t gi\u00e1 100 \u0111\u00f4 la cho 1.000 c\u1ed5 phi\u1ebfu, n\u1ebfu gi\u00e1 th\u1ea7u th\u00e0nh c\u00f4ng cu\u1ed1i c\u00f9ng l\u00e0 80 \u0111\u00f4 la, b\u1ea1n s\u1ebd ch\u1ec9 c\u1ea7n tr\u1ea3 80 \u0111\u00f4 la cho 1.000 c\u1ed5 phi\u1ebfu c\u1ee7a m\u00ecnh.<\/p>\n

Kho b\u1ea1c M\u1ef9 th\u01b0\u1eddng s\u1eed d\u1ee5ng \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan \u0111\u1ec3 b\u00e1n ch\u1ee9ng kho\u00e1n c\u1ee7a h\u1ecd. \u0110\u1ec3 t\u00e0i tr\u1ee3 cho n\u1ee3 c\u1ee7a ch\u00ednh ph\u1ee7, Kho b\u1ea1c M\u1ef9 t\u1ed5 ch\u1ee9c \u0111\u1ea5u gi\u00e1 th\u01b0\u1eddng xuy\u00ean \u0111\u1ec3 b\u00e1n tr\u00e1i\u00a0phi\u1ebfu kho b\u1ea1c ng\u1eafn h\u1ea1n, trung h\u1ea1n v\u00e0 d\u00e0i h\u1ea1n, \u0111\u01b0\u1ee3c g\u1ecdi chung l\u00e0\u00a0tr\u00e1i\u00a0phi\u1ebfu ch\u00ednh ph\u1ee7.<\/b>\u00a0C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 g\u1eedi h\u1ed3 s\u01a1 d\u1ef1 th\u1ea7u \u0111i\u1ec7n t\u1eed th\u00f4ng qua h\u1ec7 th\u1ed1ng TrillionDirect ho\u1eb7c TAAPS 30 ng\u00e0y tr\u01b0\u1edbc ng\u00e0y \u0111\u1ea5u gi\u00e1. <\/p>\n

Gi\u1ea3 s\u1eed kho b\u1ea1c t\u00ecm c\u00e1ch thu 9 tri\u1ec7u \u0111\u00f4 la b\u1eb1ng c\u00e1c tr\u00e1i phi\u1ebfu hai n\u0103m v\u1edbi coupon gi\u1ea3m gi\u00e1 l\u00e0 5%. Gi\u00e1 th\u1ea7u \u0111\u01b0\u1ee3c \u0111\u01b0a ra nh\u01b0 d\u01b0\u1edbi \u0111\u00e2y:<\/p>\n

1 tri\u1ec7u \u0111\u00f4 la v\u1edbi 4,79%<\/p>\n

2,5 tri\u1ec7u \u0111\u00f4 la v\u1edbi 4,85%<\/p>\n

2 tri\u1ec7u \u0111\u00f4 la v\u1edbi 4,96%<\/p>\n

1,5 tri\u1ec7u \u0111\u00f4 la \u1edf m\u1ee9c 5%<\/p>\n

3 tri\u1ec7u \u0111\u00f4 la v\u1edbi 5,07%<\/p>\n

1 tri\u1ec7u \u0111\u00f4 la \u1edf m\u1ee9c 5,1%<\/p>\n

5 tri\u1ec7u \u0111\u00f4 la \u1edf m\u1ee9c 5,5%<\/p>\n

C\u00e1c h\u1ed3 s\u01a1 d\u1ef1 th\u1ea7u c\u00f3 l\u1ee3i su\u1ea5t th\u1ea5p nh\u1ea5t s\u1ebd \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn tr\u01b0\u1edbc v\u00ec nh\u00e0 ph\u00e1t h\u00e0nh c\u00f3 l\u1ee3i h\u01a1n khi tr\u1ea3 l\u00e3i su\u1ea5t th\u1ea5p cho c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 tr\u00e1i phi\u1ebfu c\u1ee7a m\u00ecnh. Trong tr\u01b0\u1eddng h\u1ee3p n\u00e0y, v\u00ec kho b\u1ea1c \u0111ang t\u00ecm c\u00e1ch t\u0103ng 9 tri\u1ec7u \u0111\u00f4 la, n\u00f3 s\u1ebd ch\u1ea5p nh\u1eadn gi\u00e1 th\u1ea7u v\u1edbi l\u1ee3i su\u1ea5t th\u1ea5p nh\u1ea5t l\u00e0 5,07%. <\/p>\n

T\u1ea1i th\u1eddi \u0111i\u1ec3m n\u00e0y, ch\u1ec9 c\u00f3 2 tri\u1ec7u \u0111\u00f4 la trong gi\u00e1 th\u1ea7u 3 tri\u1ec7u \u0111\u00f4 la s\u1ebd \u0111\u01b0\u1ee3c ch\u1ea5p thu\u1eadn. T\u1ea5t c\u1ea3 c\u00e1c gi\u00e1 th\u1ea7u tr\u00ean m\u1ee9c l\u00e3i su\u1ea5t 5,07% s\u1ebd \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn v\u00e0 c\u00e1c gi\u00e1 th\u1ea7u b\u00ean d\u01b0\u1edbi s\u1ebd b\u1ecb t\u1eeb ch\u1ed1i. Th\u1ef1c t\u1ebf, phi\u00ean \u0111\u1ea5u gi\u00e1 n\u00e0y k\u1ebft th\u00fac \u1edf m\u1ee9c 5,07% v\u00e0 t\u1ea5t c\u1ea3 c\u00e1c nh\u00e0 th\u1ea7u th\u00e0nh c\u00f4ng \u0111\u1ec1u nh\u1eadn \u0111\u01b0\u1ee3c l\u1ee3i su\u1ea5t 5,07%.<\/p>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan<\/b> c\u0169ng cung c\u1ea5p m\u1ed9t qui tr\u00ecnh \u0111\u1ea5u th\u1ea7u thay th\u1ebf cho qui tr\u00ecnh \u0111\u1ecbnh gi\u00e1 IPO. Khi Google t\u1ed5 ch\u1ee9c c\u00e1c \u0111\u1ee3t ch\u00e0o b\u00e1n c\u00f4ng khai, h\u1ecd s\u1eed d\u1ee5ng h\u00ecnh th\u1ee9c \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan \u0111\u1ec3 x\u00e1c \u0111\u1ecbnh m\u1ed9t m\u1ee9c gi\u00e1 h\u1ee3p l\u00ed.<\/p>\n

\u0110\u1ea5u th\u1ea7u th\u1ea5p nh\u1ea5t ki\u1ec3u H\u00e0 Lan<\/font><\/h3>\n

T\u1ea1i m\u1ed9t phi\u00ean \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan<\/b>, gi\u00e1 b\u1eaft \u0111\u1ea7u cao v\u00e0 \u0111\u01b0\u1ee3c gi\u1ea3m li\u00ean ti\u1ebfp cho \u0111\u1ebfn khi m\u1ed9t nh\u00e0 th\u1ea7u ch\u1ea5p nh\u1eadn gi\u00e1. Khi m\u1ed9t m\u1ee9c gi\u00e1 \u0111\u01b0\u1ee3c ch\u1ea5p nh\u1eadn, phi\u00ean \u0111\u1ea5u gi\u00e1 k\u1ebft th\u00fac. <\/p>\n

V\u00ed d\u1ee5, ng\u01b0\u1eddi b\u00e1n \u0111\u1ea5u gi\u00e1 b\u1eaft \u0111\u1ea7u t\u1eeb 2.000 \u0111\u00f4 la, c\u00e1c nh\u00e0 th\u1ea7u theo d\u00f5i s\u1ef1 gi\u1ea3m gi\u00e1 cho \u0111\u1ebfn khi n\u00f3 \u0111\u1ea1t \u0111\u1ebfn m\u1ed9t m\u1ee9c gi\u00e1 m\u00e0 m\u1ed9t trong c\u00e1c nh\u00e0 th\u1ea7u ch\u1ea5p nh\u1eadn. Kh\u00f4ng c\u00f3 nh\u00e0 th\u1ea7u n\u00e0o c\u00f3 th\u1ec3 nh\u00ecn th\u1ea5y c\u00e1c gi\u00e1 th\u1ea7u c\u1ee7a ng\u01b0\u1eddi kh\u00e1c cho \u0111\u1ebfn khi gi\u00e1 th\u1ea7u c\u1ee7a ch\u00ednh h\u1ecd \u0111\u01b0\u1ee3c th\u1ef1c hi\u1ec7n, nh\u00e0 th\u1ea7u tr\u00fang th\u1ea7u l\u00e0 ng\u01b0\u1eddi c\u00f3 gi\u00e1 th\u1ea7u cao nh\u1ea5t.\u00a0<\/p>\n

V\u00ec v\u1eady, n\u1ebfu kh\u00f4ng c\u00f3 nh\u00e0 th\u1ea7u \u1edf m\u1ee9c 2.000 \u0111\u00f4 la, gi\u00e1 s\u1ebd gi\u1ea3m t\u1eeb 100 \u0111\u00f4 la xu\u1ed1ng c\u00f2n 1.900 \u0111\u00f4 la. Gi\u1ea3 s\u1eed t\u1ea1i m\u1ed1c 1.500 \u0111\u00f4 la c\u00f3 nh\u00e0 th\u1ea7u ch\u1ea5p nh\u1eadn gi\u00e1, phi\u00ean \u0111\u1ea5u gi\u00e1 s\u1ebd k\u1ebft th\u00fac.<\/p>\n

\u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan<\/b> c\u0169ng \u0111\u01b0\u1ee3c cho l\u00e0 s\u1ebd gi\u1ea3m thi\u1ec3u kho\u1ea3n ch\u00eanh l\u1ec7ch gi\u1eefa gi\u00e1 ch\u00e0o b\u00e1n v\u00e0 gi\u00e1 ni\u00eam y\u1ebft th\u1ef1c t\u1ebf. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 t\u1ed5 ch\u1ee9c t\u1eadn d\u1ee5ng kho\u1ea3n ch\u00eanh l\u1ec7ch n\u00e0y \u0111\u1ec3 thu v\u1ec1 l\u1ee3i nhu\u1eadn b\u1eb1ng c\u00e1ch mua c\u1ed5 phi\u1ebfu v\u1edbi gi\u00e1 chi\u1ebft kh\u1ea5u v\u00e0 b\u00e1n ch\u00fang ngay sau khi c\u1ed5 phi\u1ebfu \u0111\u01b0\u1ee3c ni\u00eam y\u1ebft. \u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan \u0111\u01b0\u1ee3c xem l\u00e0 m\u1ed9t ph\u01b0\u01a1ng ph\u00e1p c\u00f4ng b\u1eb1ng v\u00e0 minh b\u1ea1ch v\u00ec n\u00f3 xem x\u00e9t m\u1ed9t lo\u1ea1t c\u00e1c gi\u00e1 th\u1ea7u t\u1eeb nhi\u1ec1u th\u00e0nh ph\u1ea7n kh\u00e1ch h\u00e0ng. <\/p>\n

H\u1ea1n ch\u1ebf c\u1ee7a \u0111\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan l\u00e0 gi\u00e1 c\u1ee7a c\u1ed5 phi\u1ebfu c\u00f3 th\u1ec3 gi\u1ea3m ngay sau khi ni\u00eam y\u1ebft v\u00e0 c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0, ng\u01b0\u1eddi \u0111\u00e3 tr\u1ea3 gi\u00e1 cao h\u01a1n tr\u01b0\u1edbc \u0111\u00f3, nh\u1eadn ra r\u1eb1ng h\u1ecd c\u00f3 th\u1ec3 t\u00ednh to\u00e1n sai v\u00e0 tr\u1ea3 gi\u00e1 qu\u00e1 cao. C\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 nh\u01b0 v\u1eady c\u00f3 th\u1ec3 c\u1ed1 g\u1eafng b\u00e1n kh\u1ed1ng \u0111\u1ec3 tho\u00e1t v\u1ecb th\u1ebf n\u1eafm gi\u1eef c\u1ee7a h\u1ecd d\u1eabn \u0111\u1ebfn s\u1ef1 t\u1ee5t gi\u1ea3m m\u1ea1nh trong gi\u00e1 c\u1ed5 phi\u1ebfu.<\/p>\n

(Theo Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n \u0110\u1ea5u gi\u00e1 ki\u1ec3u H\u00e0 Lan (ti\u1ebfng Anh: Dutch Auction) l\u00e0 m\u1ed9t h\u00ecnh th\u1ee9c \u0111\u1ea5u gi\u00e1 c\u00f4ng khai \u1edf \u0111\u00f3 gi\u00e1 b\u00e1n ban \u0111\u1ea7u l\u00e0 m\u1ee9c gi\u00e1 cao nh\u1ea5t sau \u0111\u00f3 \u0111\u01b0\u1ee3c h\u1ea1 xu\u1ed1ng m\u1ee9c gi\u00e1 m\u00e0 t\u1ea1i \u0111\u00f3 t\u1ed5ng kh\u1ed1i l\u01b0\u1ee3ng b\u00e1n c\u00f3 th\u1ec3 \u0111\u01b0\u1ee3c b\u00e1n.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31394"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=31394"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31394\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31394"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31394"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31394"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}