What are the conditions for ipo listing?

1. To apply for listing on the main board and small and medium-sized board, the company or enterprise is required to have a net profit of over 30 million in the last three fiscal years. If you apply for starting a business,

Listing requires its two-year net profit to be no less than10 million.

2. The listing of the small and medium-sized board of the main board requires the issuance of no less than 50 million shares, and the listing of the GEM requires the issuance of no less than 30 million shares.

3. A company or enterprise must have a complete business system, the ability to operate independently directly out of the market, and complete assets.

4. To apply for listing, it must be a joint-stock company, and there has been no change of directors and other senior management personnel in the past three years.

Overseas IPO

1.20 101.4 following the blowout of overseas IPO of 2010 enterprises, Chinese concept stocks have been frequently suspended overseas since the second half of the year. On the 3rd, people in the industry said that the enthusiasm of China entrepreneurs for overseas IPOs will not retreat, and the apathy during this period is only a temporary phenomenon. However, enterprises must make full preparations before listing, prepare a reasonable external structure, make flexible use of the international capital market, and strengthen themselves with the help of professional intermediaries.

2. According to the data, since 20 10, there have been 7 1 cases of overseas IPO financing of China enterprises, and the financing amount is140.1200 million US dollars, which are equivalent to 47.97% and 27.62% of the total in 20 10, respectively. In the three months from August to 65438+ 10, Tudou was the only successful IPO in the United States, and the overseas IPO of Chinese concept stocks seems to have entered the winter ahead of schedule.

3. Although Chinese enterprises are facing new challenges such as document 19 and the principle of security review, as well as the threat of VIE mode, with the efforts of all parties, through adequate pre-listing preparation and reasonable overseas structure, there is still a way to go for listing in the future, whether using trust network or changing personal identity. "Private enterprises in China want to seek further development, go abroad and use the international capital market to grow themselves. There are many tangible and intangible obstacles, which are difficult to completely solve by themselves, and require the joint efforts of investors and professional intermediaries. "

4. In addition, the experts also discussed the structure of listing, corporate restructuring, filing with foreign management, the choice of listing mode, the significance, structure and establishment requirements of pre-listing trust, personal identity change (immigration) and other issues, and specifically introduced the requirements, processes and possible problems of China mainland enterprises going to Hong Kong for initial public offering.