Babydoge's three major exchanges here refer to the public trading of virtual currency on the trading platforms of Matcha and ZT grade exchanges, which is a kind of listed trading of virtual currency.
Introduction:
Listing is a term in the securities market. 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.
In the context of China, the listing is divided into two parts: China's listing on Shanghai Stock Exchange in China and Shenzhen Stock Exchange in China.
China companies go directly to non-Chinese mainland stock exchanges (such as Hongkong Stock Exchange, new york Stock Exchange, Nasdaq Stock Exchange, London Stock Exchange, etc.). ) and China companies indirectly set up offshore companies overseas and listed on overseas stock exchanges in the name of offshore companies (red chips).