Analysis on the Value Reference between the Accounting Information and the IPO Price

With the development of China's economy, China's capital market, especially the Initial Public Offerings (IPO) system, is growing in a fast way. The issue system is gradually improved and more market-oriented. This paper intends to focus on the relation between the accounting information and the IPO price, and verify the value relevance is exist. Meanwhile the market-oriented reform promotes the relevance.