The listing process of enterprises is as follows:
Generally speaking, if an enterprise wants to be listed on the domestic securities market, it must go through three stages: comprehensive evaluation, standardized reorganization and formal start-up. The main work contents are as follows:
2. Comprehensive evaluation method
The listing of enterprises is a complex financial engineering and system engineering. Compared with traditional project investment, it also needs to go through the process of pre-demonstration, organization and implementation and post-evaluation; However, it is also faced with the choice of whether to list in the capital market, in which market and the path of listing. To be listed in different markets, enterprises should do different jobs, channels and risks. Only through the comprehensive evaluation of enterprises can we ensure that the enterprises to be listed can operate correctly under the controllable cost and risk. For enterprises, it is also very expensive to organize and mobilize a large number of personnel and mobilize all aspects of strength and resources to carry out their work. Therefore, in order to ensure the success of listing, enterprises should first conduct a comprehensive analysis and research on the above issues, and seriously put forward opinions, and will not fully start the work of the listing team until they get a clear answer.
3. Internal reorganization
There are hundreds of key issues involved in the initial stage of listing. Especially in China, private enterprises have many problems left over from history, such as finance, taxation, law, corporate governance, historical evolution and so on, and many problems are difficult to deal with later. Therefore, it is very important for enterprises to deal with some problems in advance in a planned and step-by-step manner with the assistance of listed financial consultants on the basis of completing the preliminary evaluation. This work can also enhance the confidence of sponsors, strategic shareholders, other intermediaries and regulators in the company.
get to work
After the enterprise determines the listing target, it begins to enter the practical operation stage of listing external work. This stage mainly includes: selecting relevant intermediaries, carrying out shareholding system reform, auditing and legal investigation, brokerage counseling, issuance declaration, issuance and listing, etc. There are five or six houses because they involve external intermediary service agencies. Working at the same time, involving dozens of people. Therefore, it is difficult to organize and coordinate, and it needs multi-party coordination.