Enterprises need to choose a long-term listing location, not only the exchange but also the shareholders. The shareholder group suitable for them will make industrial development and capital appreciation complement each other. Enterprises should generally consider the following factors when choosing a listing place:
(1) Whether it meets the needs of the company's development strategy, including product market, customers, brand image, and the degree of correlation between the company and the business in the country (or region) to be listed;
(2) The information radius of a company. Generally speaking, the information radius of a company is related to the industry and customers. For example, the recognition of non-network enterprises in China by foreign investors is generally low;
(3) Differences in listing standards. The listing standards at home and abroad are quite different, and the small and medium-sized board and the growth enterprise market in the domestic market also have different positioning. Therefore, it is very important to fully understand the rules of the game in the place to be listed and meet the listing requirements of enterprises. These include adaptation to corporate governance. For example, according to the Sarbanes-Oxley Act, the United States has also put forward very strict governance requirements for small and medium-sized enterprises, so enterprises will pay more costs;
(4) Primary market financing ability, P/E ratio level, secondary market liquidity, market activity and subsequent financing ability;
(5) listing costs, including initial listing costs and subsequent maintenance costs;
(6) Time and process of listing;
(7) Geographical location, cultural background and legal system.
(8) Relevant policies of the government.