How long does it usually take for a company to go public?

It usually takes three to five years for a company to go public. If you are well prepared, it may be listed in one year.

A listed company is a specific part of a joint stock limited company. Its public offering of shares has reached a considerable scale, and its shares have been approved to enter the centralized securities trading market for trading.

When a joint stock limited company applies for listing its shares, it shall submit relevant documents to the stock exchange.

The consequence of the acquisition of listed companies is mainly the transfer of company control rights; The merger of companies will inevitably lead to the dissolution of one or more companies and the loss of legal personality.

In a company merger, the shareholders of the merging party are usually the shareholders of the merged company. Acquisition of a listed company means that a company buys shares of another listed company, and the shareholders of the acquired company are no longer shareholders of the listed company. In addition, the merged company will generally set up a new entity. In the acquisition of listed companies, the acquired company becomes a subsidiary of the acquirer. Therefore, from the point of view of obtaining control rights, both the acquisition of listed companies and the merger of companies show the behavior of obtaining control rights in the securities market, but the merger of companies will lead to the loss of the qualification of the controlled legal person, while the acquisition of listed companies generally will not lead to the loss of the qualification of the controlled legal person.

legal ground

Company Law of the People's Republic of China

Article 44 A limited liability company shall have a board of directors with three to thirteen members. However, unless otherwise provided for in Article 50 of this Law.

A limited liability company established by two or more state-owned enterprises or two or more other state-owned investors shall have staff representatives among its board members; Other members of the board of directors of a limited liability company may include representatives of employees of the company. The employee representatives in the board of directors are elected by the employees of the company through employee congresses, employee congresses or other forms of democratic elections.

The board of directors shall have a chairman and may have a vice-chairman. The method for the formation of the chairman and vice chairman shall be stipulated in the articles of association. Article 46 The board of directors shall be responsible to the shareholders' meeting and exercise the following functions and powers:

(1) Convene the shareholders' meeting and report the work to the shareholders' meeting;

(2) Implementing the resolutions of the shareholders' meeting.

(3) To decide on the company's business plan and investment plan;

(4) To formulate the company's annual financial budget and final accounts;

(five) to formulate the company's profit distribution plan and loss compensation plan;

(6) To formulate plans for the company to increase or decrease its registered capital and issue corporate bonds;

(seven) to formulate plans for the merger, division, dissolution or change of corporate form of the company;

(VIII) Deciding on the establishment of the company's internal management organization;

(9) To decide on the appointment or dismissal of the company manager and their remuneration, and to decide on the appointment or dismissal of the company's deputy manager and financial officer and their remuneration according to the nomination of the manager;

(X) To formulate the basic management system of the company;

(eleven) other functions and powers stipulated in the articles of association.