Once the listing target is determined, the enterprise begins to enter the practical operation stage of the external work of listing, which mainly includes: selecting relevant intermediaries, carrying out shareholding system reform, auditing and legal investigation, brokerage counseling, issuance declaration, issuance and listing, etc.
Because the listing work involves five or six external intermediary service agencies working at the same time, the personnel involve dozens of people. Therefore, it is very difficult to organize and coordinate, which requires multi-party coordination. So it needs a lot of people.
The listing of enterprises refers to the way in which joint-stock companies issue shares to the public for the first time. The IPO pricing process is divided into two parts. Firstly, the theoretical value of listed companies is estimated through a reasonable valuation model. The second is to reflect the relationship between supply and demand in the market by choosing the appropriate distribution method, and finally determine the price.
Initial public offering refers to the first time that an enterprise sells shares to the public. Usually, the shares of listed companies are sold through brokers or market makers according to the terms agreed in the prospectus or registration statement issued to the corresponding CSRC. Generally speaking, once the initial public listing is completed, the company can apply for listing on the stock exchange or quotation system.
Another feasible method of listing on the stock exchange or quotation system is to stipulate in the prospectus or registration statement that private companies are allowed to sell their shares to the public. These stocks are considered to be "freely traded", which makes enterprises meet the requirements of listing on the stock exchange or quotation system.