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... r underwriting customer stocks in two ways, one is underwriting and the other is consignment.

Under the underwriting model, the underwriters need to ensure that all the shares entrusted by the customer are completed. If there is any surplus, the underwriters will be required to contribute the remaining part, so the underwriters will have to bear a lot of risks. In comparison, consignment does not need to guarantee the share of the stock, and how much is sold. Similarly, this sales model, ...

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