1. Preliminary preparation:
Before IPO, the company needs to make a series of preparatory work, including formulating listing strategy, selecting lead underwriter, evaluating company value, determining issue price and issue scale, etc. This stage of work is usually completed by the company's management, financial consultants and lawyers.
2. Formal application:
After completing the preparatory work, the company needs to submit a listing application to the securities regulatory authorities. Application documents usually include prospectus, company financial report, legal opinions, etc. These documents need to disclose the company's business, finance, corporate governance and other information in detail.
3. Review:
After receiving the company's listing application, the securities regulatory authorities will review the application materials. The purpose of the audit is to ensure that the company meets the listing conditions and protect the interests of investors. The audit process may include inquiry, feedback, supplementary materials and other links.
4. Issuance and listing:
After approval, the company may issue shares. The issuing process usually includes determining the issuing price, issuing quantity, issuing time, etc. After the stock issuance is completed, the company can be officially listed on the stock exchange.
5. Subsequent disclosure:
After successful listing, the company needs to disclose its financial and operating information regularly according to regulatory requirements and listing rules. This helps investors to know the latest situation of the company and evaluate its value.
It should be noted that the IPO listing process may be different due to the different laws, policies and market environment of countries and regions. When starting the IPO listing procedure, it is recommended that the company consult professional financial consultants and lawyers to ensure compliance and successful listing.