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The venture enterprise' value is not fully revealed as a result of asymmetric information in venture capital exiting market. To solve this problem, this paper studies the venture capital equity trading mechanism design under the assumption of the IPV model based on multi-attribute auction theory. To make our research closer to reality, this paper relaxes previous assumption and studies the venture capital equity trading in the case of affiliated values and establishes the corresponding multi-attribute auction model. The study enriches the venture capital exit research content, and provides a theoretical guidance to venture capital exit with the auction approach.