ipo process (IPO process (detailed steps from application to listing))

IPO (Initial Public Offering), the initial public offering of stocks, refers to the company's first public offering of stocks in the securities market to obtain funds and expand the company's equity owners to the public. IPO is an important stage in a company's development and an important way for investors to invest.

IPO process

The IPO process is a complex process that requires multiple links. The following are the detailed steps from application to listing:

1. Preparation stage

Before the IPO process begins, the company needs to make preparations, including finance, legal, auditing, accounting, etc. preparation work. The company needs to recruit professionals, set up an IPO team, formulate an IPO plan, and clarify the purpose, strategy, plan, etc. of the IPO.

2. Application stage

The company needs to submit IPO application documents to the securities regulatory agency, including prospectus, audit report, financial report, company articles of association, etc. The securities regulatory agency will review the application documents. After passing the review, the company can enter the next stage.

3. Issuance stage

The company needs to determine the issuance price, issuance quantity, issuance time and other details, and also needs to sign agreements with underwriters, exchanges and other institutions. The issuance stage also includes stock subscription, placement, issuance and other links.

4. Listing stage

Before the company's stocks are listed on the exchange, stock issuance and delivery need to be carried out, including stock registration, custody, delivery and other links. After a company is listed, it needs to comply with the relevant regulations of the exchange, disclose the company's financial, operational and other information, and publish financial reports on a regular basis.