Dawn Raid

英文名称：Dawn Raid 中文名称：黎明突袭
指在开盘后的短时间内大量购入某公司股票的行为，一般是收购计划的开始。
e.g. In a surprise move referred to as \"the Dawn Raid,\" Chinalco, as it is known, bought Rio’s London-listed shares in early February for 60 pounds each.

When a firm or investor buys a substantial number of shares in a company first thing in the morning when the stock markets open. Because the bidding company builds a substantial stake in its target at the prevailing stock market price, the takeover costs are likely to be significantly lower than they would be had the acquiring company first made a formal takeover bid.

Like the dawn raid in war, the corporate dawn raid is done early in the morning, so by the time the target realizes it's being attacked, it's too late - the investor has already scooped up some controlling interest. However, only a minority interest in a firm's shares can be bought this way. So, after a successful dawn raid, the raiding firm is likely to make a takeover bid to acquire the rest of the target company.