Second, the relationship between public offering (IPO) and listing:
In a narrow sense, initial public offering (IPO) refers to the process that an enterprise issues shares to investors for the first time through a stock exchange in order to raise funds for enterprise development. When a large number of investors subscribe for new shares, they need to draw lots for allotment, which is also called drawing new shares. Investors who subscribe expect to sell at a price higher than the subscription price.
Initial public offering (IPO) means that an enterprise or company (joint stock limited company) sells its shares to the public for the first time (IPO means that a joint stock company makes an initial public offering to the public).
Usually, the shares of listed companies are sold through brokers or market makers according to the agreed terms in the prospectus or registration statement issued by the corresponding CSRC. Generally speaking, once the initial public listing is completed, the company can apply for listing on the stock exchange or quotation system. A limited liability company should be changed into a joint stock limited company before applying for IPO.
Extended data:
Requirements for public offering (IPO):
1. The stock is publicly issued with the approval of the securities management department of the State Council.
2. The total share capital of the company is not less than RMB 30 million.
3. The publicly issued shares account for more than 25% of the total shares of the company.
4. If the total share capital exceeds 400 million yuan, the proportion of public offering is above 65,438+00%.
5. The company has no major illegal acts within three years, and its financial and accounting reports have no false records.
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