How many years does it take for a new company to go public?

For companies with different specific circumstances, the time from enterprise restructuring to listing depends on the specific circumstances, and the overall time is more than one year. Generally speaking, the approximate time of each stage is: it takes about 6 months from planning restructuring to establishing a joint stock limited company. The standardization time for changing a limited liability company into a joint stock limited company can shorten the time for intermediaries such as sponsors to conduct due diligence and issue application documents, and it takes about 3 to 4 months for China Securities Regulatory Commission to review and issue. Theoretically, it takes about 3 to 4 months, but the actual operation time is often around 10 months.

However, as can be seen from the above, the preparation time for listing varies from enterprise to enterprise, so it is difficult to generalize, and sometimes it has a great relationship with the personality characteristics of senior leaders of enterprises and the professional level of intermediaries. From the practical point of view, it is very fast to declare within one year, and there are many cases of preparing for three to five years. This has not taken into account the influence of policy factors such as suspension of acceptance by the CSRC or special industry restrictions during the period.

First, the listing conditions of a joint stock limited company

The listing conditions of a joint stock limited company are as follows:

1. With the approval of the State Council Securities Regulatory Authority, the stock has been publicly issued to the public.

2. The total share capital of the company is not less than RMB 30 million.

3. It has been in business for more than three years and has been making profits continuously in the last three years; If the original state-owned enterprise is established after being rebuilt according to law, or if it is newly established after the implementation of this law, and its main sponsors are large and medium-sized state-owned enterprises, it can be counted continuously.

4. The number of shareholders holding shares with a face value of more than RMB 1000 yuan is not less than 1000, and the shares publicly issued to the public account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of its shares issued to the public is more than 10%.

5. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.

6. Other conditions stipulated by the State Council.

Second, what are the specific conditions and procedures for the listing of SMEs?

The conditions for domestic listing of small and medium-sized enterprises are as follows: the issuance and preparation of shares comply with the law, and there is a total amount of capital subscribed by all promoters or a total amount of paid-in capital raised in accordance with the articles of association; Operating continuously for three years; No major liabilities, etc. The specific procedures are: planning the listing of enterprises; Reorganize the enterprise into a company limited by shares; Planning the corporate governance structure after listing; Make a listing declaration to the relevant departments.

Legal basis:

Article 48 of the Securities Law of People's Republic of China (PRC)

To apply for the listing of securities, an application shall be submitted to the stock exchange, which shall examine and approve the application according to law, and both parties shall sign a listing agreement.

The stock exchange arranges the listing and trading of government bonds according to the decision of the department authorized by the State Council.