What does proposed listing mean?

Question 1: What does it mean to be listed on the stock exchange is how far away from being listed?

Question 2: the difference between a listed company and a proposed listed company I. A listed company is a joint-stock limited company whose publicly issued shares are listed and traded on a stock exchange after approval by the State Council or a securities regulatory authority authorized by the State Council. The so-called unlisted company is a joint stock limited company whose shares are not listed and not traded on the stock exchange.

A listed company is a kind of joint-stock limited company, and this kind of company to be listed and traded on the stock exchange must meet certain conditions in addition to being approved. The revision of the Company Law and the Securities Law has facilitated more companies to become listed companies and companies whose bonds are traded on the stock exchange.

Characteristics

(1) A listed company is a company limited by shares.

A joint-stock limited company may be an unlisted company with the general characteristics of a joint-stock limited company, such as limited liability for shareholders, ownership and management rights. Shareholders participate in corporate decision-making by electing the board of directors and voting, and so on.

(2) Listed companies are subject to the approval of the *** authorities.

According to the provisions of the Company Law, to be listed, a joint stock limited company must be approved by the State Council or the securities administration department authorized by the State Council, and it shall not be listed without such approval.

(3) Shares issued by listed companies are traded on the stock exchange.

The shares issued are not traded on the stock exchange are not listed shares.

Compared with general companies, the biggest characteristic of listed companies lies in the fact that they can use the stock market to raise funds and widely absorb the idle funds in the society, so as to rapidly expand the scale of the enterprise and enhance the competitiveness of the products and market share. Therefore, after the development of the limited company to a certain scale, the company's shares are often listed on the stock exchange as an important strategic step in the development of enterprises.

From international experience, the world's leading large enterprises are almost all listed companies. For example, 95% of the 500 large companies in the United States are listed companies.

First of all: a listed company is also a company, a part of the company. From this point of view, there are listed and unlisted companies.

Secondly, the listed company is the company's assets are divided into a number of points, trading in the stock exchange market, we can buy the company's shares and thus become the company's shareholders, the listing of the company's financing is an important channel; shares of non-listed companies can not be traded in the stock exchange market (Note: all companies have a share ratio: national investment, personal investment, bank loans, venture capital). venture capital). Listed companies need to regularly disclose to the public the company's assets, transactions, annual reports and other relevant information, while unlisted companies do not have to.

Finally, in terms of profitability, it is not possible to say absolutely who is better and who is worse. Being listed does not mean that the profitability is strong, and not being listed does not mean that there is no profitability. Of course, if a company with a strong profitability is listed, it will be more likely to be sought after.

Second, the proposed listed company refers to the listed as the goal, listed on the substantial progress and confirmed by the Provincial Development and Reform Commission of the company. Proposed listed companies to enjoy preferential policies, to the same level of development and reform departments to apply, according to the procedures by the municipal development and reform departments to review and issue written confirmation to the relevant departments for the relevant procedures.

Proposed listed companies to confirm the conditions:

First, the enterprise is a joint stock limited company or limited liability company;

Second, the company was established in accordance with the law and the operation of the standard;

Third, the company's shareholders' general meeting, the board of directors agreed to the company's issuance of shares and listing;

Fourth, the company basically meets the conditions of the listing;

Fifth, the company's operating In line with the national industrial policy and the city's environmental protection requirements;

VI. The Company has signed cooperation agreements with qualified domestic and foreign listing sponsors;

VII. The Company's investment of proceeds is in line with the national industrial policy and corporate development strategy.

Question 3: What is meant by the proposed listed company 5 points is approved by the State Ministry of Finance 'Economic and Trade Commission to set up a joint-stock company ready to go public! But not yet approved by the Securities and Exchange Commission! So not yet issued shares

Question 4: What is to be listed listed is ready to be listed somewhere, can be in the Shanghai Stock Exchange can also be Shenzhen, or Hong Kong, or even to the United States

Question 5: What is the meaning of the company listed? Listing in the regulated capital market can bring benefits to the company is:

1, opened up a new direct financing channels, although in the regulated market, the cost of equity financing is generally higher than the cost of debt financing.

2, after the company went public, it became a public, which has a certain role in enhancing the company's brand.

3, after the listing, must be in accordance with the provisions of the establishment of a set of standardized management system and financial system. For the enhancement of the company's management level has a certain role in promoting.

Therefore, in the mature market, not all companies want to become listed companies, because listed companies are subject to more stringent regulation and higher costs.

Listed companies: Most companies are on a shareholding system, but of course, if the company is not listed, the shares are only in the hands of a small group of people. When the company develops to a certain extent, due to the development of funds needed. Going public is a good way to absorb the money. The company puts some of its shares on the market, sets a certain price, and lets these shares be traded on the market. The money from the shares being sold can then be used to continue to grow. The shares represent a portion of the company. For example, if a company has 1 million shares, and the chairman of the board holds 510,000 shares, the remaining 490,000 shares, put on the market and sold, is equivalent to selling 49% of the company to the public. Of course, the chairman can also sell more shares to the public, but in that case there is a certain risk that if there is a malicious buyer who holds more shares than the chairman, the ownership of the company will change. Overall, there are advantages and disadvantages to going public.

Benefits:

1. Get money.

2. The owners of the company to sell a part of the company to the public, the equivalent of finding the public to bear the risk with their own, as if 100% hold, lose 100, 50% hold, lose only 50.

3. Increase the liquidity of the shareholders' assets.

4. Escape the control of the bank, no need to re-test bank loans.

5. Increase the transparency of the company, increase the public's confidence in the company.

6. Increase the visibility of the company.

7. If a certain amount of shares are transferred to the managers, it can increase the conflict between the managers and the company holders (agency problem).

The bad things are also:

1. Going public costs money.

2. Increased transparency also exposes many secrets.

3. After listing, you have to inform the shareholders about the company every once in a while.

4. There is a risk of malicious holdings.

5. At the time of listing, if the price of the shares is set too low, it is a loss to the company. In fact, it is a common practice that almost all companies will set the price of their shares a little lower when they go public.

References:

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Baidu

A listed company is a joint-stock limited company that issues shares publicly in accordance with the law and whose shares are listed and traded on a stock exchange after obtaining examination and approval from the State Council or a securities trading department authorized by the State Council. A listed company is a joint-stock limited liability company with the general characteristics of a joint-stock limited company, such as limited liability for shareholders, the separation of ownership and operation rights, and the participation of shareholders in corporate decision-making through the election of the board of directors and voting.

Compared with the general company, the biggest feature of the listed company is that it can utilize the securities market to raise funds and widely absorb the idle funds in the society, so as to rapidly expand the scale of the enterprise and enhance the competitiveness of the products and the share of the market. Therefore, after a joint-stock company develops to a certain scale, it will take the public listing of its shares on the stock exchange as an important strategic step for the development of the enterprise. From the international experience, almost all of the world's well-known large enterprises are listed companies. For example, 95% of the 500 largest companies in the United States are listed companies, with sales accounting for 68% of U.S. sales, has a significant impact on the U.S. economy.

In the standardized capital market listing can bring benefits to the company is:

1, opened up a new direct financing channels, although in the standardized market, the cost of equity financing is generally higher than the cost of debt financing.

2, after the company went public, it became a public, which has a certain role in enhancing the company's brand.

3, after the listing, must be in accordance with the provisions of the establishment of a set of standardized management system and financial system. For the enhancement of the company's management level has a certain role in promoting.

Therefore, in the mature market, not all companies want to become listed companies, because listed companies are subject to more stringent regulation and higher costs.

Listed companies: most companies are on a shareholding system, but of course, if the company is not listed, these shares are only in the hands of a small number of people. ...... >>

Question 6: What stage of the proposed listed company will be notified to issue a prospectus The approval of the prospectus is generally carried out by the *** authorized department. China only allows the listing of stocks in Shenzhen and Shanghai, the above two cities to set up a joint stock limited company prospectus by the Office of Reform and Development, the People's Bank of China branch for approval. Companies in other regions with the conditions for listing and trading can only be listed on the stock exchanges in Shenzhen and Shanghai, and their prospectuses are approved by the State Council Stock Listing Office.

Prospectus approved by the *** authorized department, to be announced by the promoter through the news media, so that the public is aware of. From the current situation of China's prospectus announcement, the announcement of the prospectus is mainly taken by the newspaper full text of the prospectus form.

The prospectus of a joint stock limited company is for the public to understand the promoters and the company to be set up, explaining the company's share issuance of relevant matters, to guide the public to buy the company's shares of the regulatory documents. A company must produce a prospectus for its initial public offering.

Prospectus approved by the *** relevant departments, that is, has the force of law, the company issued shares and promoters, the public subscription of shares of all behavior, in addition to should comply with the relevant provisions of the state, are to comply with the relevant provisions of the prospectus, violators, to bear the corresponding responsibility.

Question 7: What does it mean for a company to go public? As the question Thank you Chapter 1 The basic process, conditions and terminology of the company listing Section 1 The basic process of the company's public offering and listing I. Preparation stage II. Appointment of intermediaries III. Due diligence of intermediaries and the development of reorganization and restructuring plan IV. Establishment of the joint stock limited company V. Counseling and acceptance VI. Production of application materials for the public offering of shares and filing of applications to the authorized agencies VII. Section 2: Conditions for the public offering and listing of a company Section 3: Relevant terminology Chapter 2: Undertaking of the listing project and design of the preliminary plan Section 1: Ways to make preliminary contact with the target client and issues to be noted 1: Ways to make preliminary contact with the target client 2: Issues to be noted in making preliminary contact with the target client Section 2: Provision of the preliminary listing plan for the listed company (key points of the preliminary listing plan) (Key points of the program) I. Comprehensive understanding of the basic conditions of the proposed listed company and its affiliates II. Principles of making the listing program Chapter III Lawyers' work for the establishment of a joint stock limited company Section I. Basic process for the establishment of a joint stock limited company I. Basic process for the establishment of a fund-raising II. Several ways of establishment of a joint stock limited company III. Basic conditions to be fulfilled by the established joint stock limited company II. Conditions and requirements for public offering and listing of shares to be fulfilled by the established joint stock limited company III. Specific issues to be considered in designing the reorganization plan III. Approval and registration procedures for the overall change of a limited liability company into a joint stock limited company I. Preparation stage II. Establishment stage III. Stage after establishment IV. Establishment of a joint stock limited company by a state-owned enterprise Section V. Approval and registration procedures for the change of a foreign-invested limited liability company into a joint stock limited company Section VI. Frequently asked questions in the restructuring of a company into a joint stock limited company I. Disposal of land use rights in the restructuring of a state-owned enterprise into a joint stock limited company II. Employee shareholding associations Section VII. Model relevant documents in the process of restructuring I. Equity transfer agreement (applicable to domestic enterprises) II. Equity transfer agreement (applicable to domestic enterprises) Equity transfer agreement (applicable to Sino-foreign equity joint ventures) Commitment letter (applicable to waiver of pre-emptive rights by other shareholders in the course of equity transfer) Promoter agreement Chapter 4 Due diligence on a proposed listed company Purpose and method of due diligence on a proposed listed company The main contents of the working draft, the process of collecting the working draft, the categorization of the working draft, and the details of the drafting of the working draft. Section 1 Approval and authorization of the offering and listing I. Resolutions to be made by lawyers in assisting the proposed listed company II. Information to be collected by lawyers in this part of the verification III. Key points and contents to be verified by lawyers IV. Legal conclusions V. Precautions Section 2 Qualifications of the listed company for the issuance of shares I. Information to be collected by lawyers in this part of the verification II. Specific verification requirements III. Section III Substantive conditions for the listing of the issue i. Matters to be verified and noted in this part ii. Concluding opinions issued by the lawyers iii. Issues to be noted by the lawyers in the verification of the listing conditions Section IV Establishment of the listed company i. Mode of establishment of the listed company ii. Procedures for the establishment of the listed company iii. Contents to be examined by the lawyers in the establishment of the joint stock limited company Section V Independence of the listed company i, Overview of the independence of a listed company II. Specific requirements for the independence of a listed company III. Other requirements for the independence of a listed company IV. Issues to be noted by lawyers in verifying the independence of a proposed listed company Section VI. Promoters and shareholders of a listed company I. What kind of entities can become shareholders of a company? II. Matters to be noted by lawyers in the establishment of a joint stock limited company III. Issues on which lawyers should focus Section VII Share Capital of Listed Companies and Its Evolution I. Shareholding Setting and Share Capital Structure of a Company at the Time of Its Establishment II. Successive Shareholding Changes of a Company after Its Establishment III. Relevant Issues to be noted by Lawyers in Verification of Shareholding Changes of a Proposed Listed Company Section VIII The Business of a Listed Company I. Lawyers' Attention to ...... >>

Question 8: To what extent can a company go public? What does listing mean? GEM companies applying for listing on the SZSE for their initial public offering should meet the following conditions:

(a) the shares have been publicly offered;

(b) the total share capital of the company is not less than 30 million yuan;

(c) the shares publicly offered amount to 25% or more of the total number of the company's shares; if the total share capital of the company is more than 400 million yuan, the percentage of shares publicly offered is 10% or more;

(iv) the number of shareholders of the company is not less than 200;

(v) the company has no major violations of law in the last three years, and there are no false entries in the financial accounting reports;

(vi) other conditions required by the SZSE.

The basic process of enterprise listing

Generally speaking, enterprises wishing to go public in the domestic securities market must go through three stages of comprehensive assessment, standardized restructuring, and formal launching, with the main work as follows:

The first stage Comprehensive assessment before enterprise listing

Enterprise listing is a complex financial engineering and systematic work, and the traditional investment in projects Compared with the traditional project investment, it also needs to go through the process of pre-demonstration, organization and implementation, and post-period evaluation; and it also has to face the choices of whether to go public in the capital market, in which market to go public, and the path to go public. When listing in different markets, enterprises should do different work, channels and risks. Only after a comprehensive evaluation of the enterprise can we ensure that the proposed listing enterprise can carry out the correct operation with controllable costs and risks. For enterprises, it is also costly to organize and mobilize a large number of people, and to mobilize the strength and resources of all parties to carry out the work. Therefore, in order to ensure the success of the listing, the enterprise will firstly analyze the above questions comprehensively, study them thoroughly, come up with opinions prudently, and launch the work of the listing team comprehensively only after getting clear answers.

Question 9: Introduction of the proposed listed company The proposed listed company (Pre-IPO) refers to the company that aims to go public, has substantial progress in listing and has been confirmed by the Provincial Development and Reform Commission.

Question 10: Will the proposed listed company definitely go public? How long does it take to go public? What is the process? To be listed means that the company is ready to go public, and not necessarily listed, because to meet the listing conditions and through the Securities and Exchange Commission's review and approval will be arranged to issue new shares and listed.

How long does it take to go public? The first two years of the process are usually one to two years.

What is the process? Have to find a securities company with investment banking qualifications to do the listing of the recommender, and do the listing counseling to meet the conditions to the Securities and Futures Commission to submit an IPO application, depending on the arrangement of the Securities and Futures Commission, generally within one year to arrange for the audit, the audit through the arrangements for the issuance of the market conditions and issuance of the tempo of the control of the situation, and generally to a few months of time.