1, the company's total share capital is not less than 30 million;
2 must operate for three years, and the last three years of continuous profitability of enterprises;
3. Shareholders who hold shares with a face value of more than 654.38+000000 should know at least 654.38+0000.
4. The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records.
The listing of a company means that the shares issued by a joint stock limited company can be listed and traded on the stock exchange with the approval of the authorized securities management department. A listed company shall be approved by the competent department, and shall not be listed without approval.
Listing helps listed companies to raise funds, attract high-quality investors, improve the liquidity, popularity and employee identity of the company's assets, and also help to improve the company's management system.
1. The most direct significance of listing for the company is the financing significance.
Financing channels: IPO will be the initial public offering financing, and then there will be open market refinancing, non-public offering refinancing, and matching fundraising in the process of mergers and acquisitions. These are all ways for listed companies to raise equity. At the same time, the normal debt financing and borrowing paths are not affected, but some gray financing paths may be affected (some general sources of funds are legal).
Financing ability: listing has greatly improved the company's financing ability. On the one hand, listed companies can issue shares to the public and increase the scope of fund-raising targets. On the other hand, due to the liquidity of its shares, private placement has also increased its appeal to financial investors (mainly late PE). In addition, listed companies will have certain advantages in ways such as equity pledge and bond issuance because their stock value is relatively fair market price and the main body is recognized.
Financing cost: Generally speaking, compared with non-listed companies, the comprehensive financing rate is relatively low.
2. Listing For a company, the biggest difference lies in the use of equity, which leads to industrial integration or self-restructuring after listing.
Buying a company with cash is very expensive, especially for talent companies. Buying company assets is very common, and the management team doesn't work hard or even start a new stove. Using listed companies' equity to acquire upstream and downstream or horizontally integrated enterprises in the industry, or to acquire new businesses in the downturn of the industry for transformation, on the one hand, it saves cash pressure, on the other hand, it helps to tie each other to their own chariots and jointly realize the ultimate realization for the company.