It is precisely because small and medium-sized enterprises and high-tech enterprises have inherent status in the listing of domestic listing.

Everyone hopes to go to Nasdaq to go public, which is also the most small and medium-sized enterprises in China

If the ultimate dream of technology companies is second to the next best, they will go to the Hong Kong market to go public.

However, if you want to successfully list on Nasdaq, you need to make a lot of preparations. Generally speaking,

The process of walking is a challenging, exciting process, bold decision,

The excellent performance and good market conditions of the listed team will show that it is based in the US capital market.

The style and image of the successful Chinese company.

The first thing is to form a listing consultant team, and the company can finally be listed in the United States, often

The result of the successful operation of an effective listed consultant team. In addition to the company itself, especially the public

In addition to investing a lot of time and energy in the company, the company must form a company including

A listed consultant team including investment banks, legal counsel, and accountants. Among them, investment banks

Will lead the entire transaction and underwriting process.

When considering an investment bank, the company should fully understand whether the investment bank has ever been

Experience in assisting other companies in the industry in listing and their sales capabilities. Company selection method

Lawyers must have a US practice qualification, and likewise, companies should consider whether they have a securities industry.

Rich experience in business. Accounting firms should independently review according to US General Accounting Standards

Check the company's financial status. Accounting firms should also be comprehensive in China's accounting standards.

Solution. In order to adjust several data to comply with US accounting standards reporting requirements.

The second is due diligence. The company will manage the company with the assistance of the listing consultant team.

A comprehensive, in-depth due diligence in management operations, finance and legal aspects. Due diligence will be

The company drafts registration instructions, prospectus, roadshow promotions and other foundations. The issuing company also needs to

Asked to provide various financial data in the registration manual confirmed by its independent certified public accountant.

Again, registration and approval are the stage of listing.

After the registration instructions are submitted to the China Securities Regulatory Commission, the underwriting bank will arrange a roadshow.

Roadshow refers to a securities issuing company that uses a series of potential investors, analysts or funds.

The report meetings delivered by the manager stimulate investment interest, usually lasting one to two kilograms.

At that time, under the arrangement of the investment bank, the company's management will tour and present its speeches in various places.

Business plan. Management's performance in roadshow is also crucial to the success of securities issuance.

The role of the need.

In the United States, important roadshow cities include New York, San Francisco, Boston, Chicago and Lowe

Shan'an, etc., as international financial centers, London and Hong Kong also often include itineraries during roadshows.

middle.

The roadshow ends, and the final prospectus will be issued to investors, and the company's management will invest

Determine the final issue price and quantity with the assistance of the bank. Investment banks tend to be based on investment

The demand and market conditions of the person, propose a suggested price.

Once the issue price is issued, the investor will be allowed to go two days after receiving the official prospectus

The listing transaction begins when it is declared effective. The lead underwriter will be responsible for ensuring the listing of the company's stock

The first key few days of trading are smooth trading.

It was not until this time that the success could be declared successful.

"Although it's a bit troublesome, we can hand over all these things to Goldman Sachs and UBS

Or institutions like Morgan Stanley operate. Due to the effects of the Internet economy, they are

Portals with Chinese concepts are very interested and are likely to be the best in one month

If you have an appropriate listing plan, you can sit down the full process. You won’t need three jin Xiaoyue.” One of the company

An American executive explained to Fan Wubing.

Fan Wubing nodded and agreed, "Well, in fact, Morgan Stanley is experiencing one of the portals."

The website conducts investigations. In order to speed up the process and put some pressure on them, I think it can be introduced to UBS.

Or Goldman Sachs will package and market the other two portals."

Without competition, there is no efficiency. In fact, UBS, Goldman Sachs and Morgan Stan, as underwriters

Li and other institutions are also fighting for food at this time. If you slow down your hands, you may become hungry. Fan Wu

The disease introduces a competitive mechanism to them, that is, they want them to work hard, and they are all competing to be the first to come.

Nasdaq is listed, after all, as the first Chinese portal to appear in the Nasdaq market,

The highest level of attention it attracts, the higher the possibility of successful issuance

"Why haven't you launched the GEM market in China? You should know that this is for small and medium-sized enterprises

The development of the industry is crucial. Under the stimulation of the new economy, any one with a promising development prospect

Small and medium-sized enterprises may grow into giants like Microsoft or Yahoo, but in it

Before we grow up, how important is the financing role of the capital market to them?”

A foreign executive of Fan Wubing asked Fan Wubing somehow incomprehensible.

"Fan Wubing just smiled bitterly when he heard this

.

Speaking of the reasons why the domestic GEM cannot be launched, Fan Wubing seems to be just a deep

The dispute between the market and the Shanghai Stock Exchange is just a matter of saying that the party struggles to harm the country, it proves that

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The conflict between the two major exchanges and the Lan is so that China's securities business has fewer cars, and the year

Shenzhen’s history is too short. This country’s sub-provincially planned city was originally located on the South China Sea.

The unknown Xiaowang Village is separated from Hong Kong by a river and connected by water and land. It is currently under the jurisdiction of the Special Administrative Region.

The four districts of Lake, Futian, Nanshan, Yantian and Bao'an and Longgang are located in the four districts of the special district.

As a test field for reform and opening up in mainland China, Mr. Deng once said, "The central government has no money,

You can find it yourself and fight for a bloody way." Therefore, raising funds has become the first in Shenzhen's financial industry.

The historical mission is at its peak, the central policy preferences and preferential treatment will be immediate, and Shenzhen's financial industry will soon

China's financial history and economic history have been created in many industries such as banks, securities, and insurance.

”.

Under the tilt of the SAR policies, Shenzhen needs to be in the wind and rain.

When it was opened or attracted financial institutions, Shenzhen has provided them in terms of settlement, taxation, land use, etc.

There are great discounts, and now the competition between the three local governments in Shanghai, Guangzhou and Shenzhen is also

It is particularly powerful. In order to cope with the competition in Shanghai and Guangzhou, Shenzhen has established financial parks everywhere and puts financial resources.

The institution will compete for its own district.

However, Shenzhen has now fallen out of favor with the central government. Although compared with other places, Shenzhen

Shenzhen can be regarded as a small government and large enterprise, and its industry is relatively tolerant, but it has no policy inclination, and it is deep

Shenzhen has no attraction. What is more noticeable is that Shenzhen has long been very mainlandized.

The efficiency is far less than before, like the Shenzhen Stock Exchange, it is very bureaucratic. Apart from the high salary, it is useless.

When the Shenzhen Stock Exchange started to open, it was ahead of the Shanghai Stock Exchange for 18 days.

The "old five stocks" listed on the Shenzhen Stock Exchange become mainland China together with the "old eight stocks" of the Shanghai Stock Exchange

The first batch of formal listing players.

The time for the establishment of exchanges in Shenzhen and Shanghai is almost parallel. Shenzhen is adjacent to Hong Kong and Shenzhen Stock Exchange

When the construction of the International Trade Building, the Hong Kong Stock Exchange was fully learned from the practices of the Hong Kong Stock Exchange, and the traces were very obvious.

For example, listing, trading rules, etc., and even the stock code used is in line with the Stock Exchange.

Inheritance; and during the same period, the Shanghai Stock Exchange's preparations and construction went to Shenzhen to learn from the teachings. It copied the rules of the Shenzhen Stock Exchange and stock agency

The code has been changed from four digits to six digits.
To be continued...