请翻译下面一段，中文翻译英文。不要那些网页翻译的，一定要准确！

In this paper，firstly it makes a more detailed review and comment of the study of foreign IPO underpricing’s theoretical model and then to equity division reform for the occurrence of events. Were selected before and after the split share reform in China IPO companies as samples, Including IPO price and the success rate. Influencing factors on A multiple regression analysis. Final conclusion is that the equity division reform did not reduce the level of IPO underpricing, we should further inquiry system to achieve reform.

This paper firstly and the factors affecting the IPO price or research achievements briefly.Then in events reform for the share-trading Respectively that reform of share-trading to chose our company and as sample as IPO.For consist of issuing price.As DTOR which for an IPO price including inhibitory effect factors with multiple regression analysis.Finally the conclusion is share-trading reform and effectively reduce degree of the IPO price .We should further realize inquiry system reform.

Firstly, the IPO underpricing on the domestic and international factors affecting the research results on simple combing. Then share-trading reform as events, were selected tradable shares after the reform compared to Woguo IPO as sample companies on Baokuo Fahangjiage, in Qian rate on the IPO, including suppressing price influencing factors multiple regression analysis. Final conclusion is that the split share reform did not reduce the level of IPO underpricing, we should further inquiry system to achieve reform.

This paper firstly and the factors affecting the IPO price or research achievements briefly. Then in share-trading reform for events, chose the share-trading reform of our company and IPO issuance of a sample, including price, ZhongQianLv IPO price, or on the factors affecting multivariate regression analysis. Finally the conclusion is share-trading reform and effectively reduce the IPO price level or, we should further realize inquiry system reform.

太专业了， 很多专业名词不会