Corresponding to the primary market, most public shares are underwritten by investment banking groups and enter the market. The bank buys its own account from the issuer at a certain discount price and then sells it at the agreed price. The preparation cost of public offering is high, and private placement can partially avoid such costs to some extent.
How long does it usually take to successfully start an ipo?
Generally speaking, a company's IPO needs more than 12 months, and the longest time is more than three years.
If a company wants to go public through IPO, not only the CSRC is strict with the company itself, but also the IPO application process is very strict and complicated, which takes a lot of time. The company's own performance, market size and ownership structure will all affect its IPO process.