How to judge the strength of a consulting company? ( 1)

According to the statistics of Shanghai Stock Exchange, since the beginning of this year, the GEM Board has examined 55 IPO applications, of which 12 were rejected, with a passing rate of 78.2%. Compared with the passing rate of 79.73% last year, it is slightly lower. The reason for the decline in the attendance rate and the "mystery" behind it have once again become the focus of discussion. Let's talk about what an IPO is. IPO meeting means that the issuance of new shares must be approved by the CSRC, and the results of the meeting will generally be announced in about 3~5 days. If you pass the initial application, it is "later". As one of the important media platforms, consulting companies want to pass IPO. The meeting rate of a consulting company often becomes an important indicator for people to measure this company. Among the 35 enterprises submitted by CCID this year, the pass rate is 83.3%, which is considered excellent in the industry. Some companies may also claim a transfer rate of 100%. But it doesn't mean anything absolutely. People have had this misunderstanding for a long time. In fact, it is unfair to use the IPO conversion rate to measure the quality of a consulting company. This is misleading the market. The survival rate of sponsors in different listed sectors and lead underwriters is quite different. Among them, the mortality rate of small and medium-sized board and GEM IPO companies is higher than that of the main board. Therefore, large companies generally choose the best company to do it, so the success rate is naturally high. Everyone chooses big companies to do it. Then who is left to do these small and medium-sized enterprises, and it is not a loss to be their lead underwriter.