Chapter 307: The blogging company prepares to go public
If Jiang Fan didn't have a girlfriend, she could chase after her, but he had a girlfriend, which was a pity.
"Well, since Mr. Jiang said so, then I will pay 200 million yuan to invest in your company. ”
"Okay, no problem. ”
After chatting a few words, Jiang Fan hung up the phone and called Chen Lesheng to inform him that Long Yunxin would give 200 million.
"Chen Lesheng, ready to prepare, blogging company, I plan to go public this year. ”
"Ready to go public this year? Okay, no problem, Mr. Jiang. ”
When Chen Lesheng heard this, he was very happy, their blog company was finally about to go public.
"In fact, the blog company should indeed go public, after all, the development of Douyin has exceeded their imagination. ”
"Today, Douyin, just the number of downloads, has 1.2 billion, the number of people who watch short videos every day, the daily active volume, is about 500 million, and on weekends, it has reached 700 million. ”
This kind of data has completely surpassed the hand.
The process of listing a company can be divided into:
1. Hire a professional organization, because the company does not know much about listing, you can hire a professional organization to help.
2. Share restructuring, share restructuring (2-3 months): sponsor, divestment and reorganization, three-year performance, capital verification registration, asset evaluation.
3. Listing counseling (12 months): three-meeting system, business structure, four-phase report, teaching counseling, counseling and acceptance.
4. Preparation of materials (1-3 months): prospectus, brokerage recommendation report, securities issuance recommendation, securities listing recommendation, project feasibility study report, pricing analysis report, audit report, legal opinion.
5. Brokerage kernel (1-2 weeks): on-site investigation, problems and rectification, kernel checklist, kernel opinions.
6. Recommendation of the sponsor institution (1-3 months): pre-trial communication, feedback and rectification, meeting arrangement, and issuance of approval.
7. Issuance and review meeting (1-2 weeks): communication at the meeting, material review, discussion at the meeting, and voting approval.
8. Preparation for issuance (1-4 weeks): pre-roadshow, valuation analysis report, promotion material planning.
9. Issuance implementation (1-4 weeks): publication of prospectus, roadshow promotion, inquiry and pricing, and stock offering.
10. Listing and circulation (1-3 weeks): transfer capital verification, change registration, recommended listing, and listing on the first day.
How to go public:
1. The goods enter the market.
2. Stocks and their derivatives are approved to be listed and traded on the stock exchange after review.
Listing conditions for a company limited by shares:
According to the provisions of the Company Law of the People's Republic of China, a company limited by shares must meet the following conditions when applying for listing of its shares:
1. The shares have been publicly issued to the public with the approval of the above securities management department;
2. The total share capital of the company shall not be less than RMB 50 million;
3. The business has been in business for more than three years, and it has been profitable for the last three consecutive years; Where the former state-owned enterprise is established through reconstruction in accordance with law, and its main sponsor is a large or medium-sized state-owned enterprise, it may be counted consecutively;
4. The number of shareholders holding shares with a par value of more than RMB 1,000 is not less than 1,000, and the shares issued to the public reach more than 25% of the total number of shares of the company; If the total share capital of the company exceeds RMB 400 million, the proportion of shares issued to the public shall be more than 10%;
5. The company has no major violations in the past three years, and there are no false records in the financial and accounting reports;
6. Other conditions specified above.
If the above conditions are met, you can apply for listing with the above securities management review department and the exchange.
And their blog company has now met this requirement, so it is very simple to go public.
The basic conditions for listing on the SME board are completely the same as those of the main board market, and the SME board is an integral part of the main board market of the Shenzhen Stock Exchange.
In accordance with the requirements of "two unchanged" and "four independent", the sector implements relatively independent management including "independent operation, independent supervision, independent code and independent index" within the framework of the laws and regulations of the main board market and the issuance and listing standards.
The SME sector mainly arranges companies with relatively small circulating share capital with good growth and high technology content among the companies to be issued and listed on the main board market.
The period of continuous operation shall be more than 3 years, and if a limited liability company is converted into a company limited by shares according to the original book net asset value, the period of continuous operation can be calculated from the date of establishment of the limited liability company.
There have been no major changes in the issuer's main business, directors and senior management in the past three years, and there has been no change in the actual controller.
Second, the condition of independence.
The issuer should have a complete business system and the ability to operate independently in the market, and the issuer's assets should be complete.
Personnel independence, financial independence, institutional independence, and business independence. The business of the issuer shall be independent of the controlling shareholder, the actual controller and other enterprises controlled by them, and there shall be no intra-industry competition or obviously unfair related party transactions between the controlling shareholder, the actual controller and other enterprises under their control. Third, standardize the operating conditions.
The issuer has established and improved the system of shareholders' meeting, board of directors, board of supervisors, independent directors and secretary of the board of directors in accordance with the law, so that the authorities and personnel can perform their duties in accordance with the law.
The directors, supervisors and senior management of the issuer have been familiar with the laws and regulations related to the issuance and listing of shares, and are aware of the legal obligations and responsibilities of the listed company and its directors, supervisors and senior management.
The directors, supervisors and senior management of the issuer meet the qualifications of laws, administrative regulations and rules.
Fourth, financial accounting conditions.
The issuer has good asset quality, reasonable asset-liability structure, strong profitability and normal cash flow.
The specific financial indicators should meet the following requirements: the net profit in the last three fiscal years has reached a positive number and the cumulative amount exceeds RMB 30 million.
The net cash flow from operating activities in the last three fiscal years has exceeded RMB 50 million.
or the cumulative operating income in the last three fiscal years exceeds RMB 300 million; The total share capital before issuance shall not be less than RMB 30 million; The proportion of intangible assets (after deducting land use rights, water aquaculture rights, mining rights, etc.) to net assets at the end of the most recent period shall not be higher than 20%; There were no uncovered losses at the end of the most recent period.
The issuer pays taxes in accordance with the law, and the tax incentives comply with the provisions of relevant laws and regulations, and the business results do not rely heavily on the tax incentives. (In practice, it is recommended that the profit in the latest year is 50 million, the return on net assets is more than 20%, the growth rate is 30%, and the GEM profit is 30 million)
"Okay, Mr. Jiang, I understand, I will start to prepare, and it is expected that the formal application will be made next month, as long as the application is approved, our company can be ready to go public." ”
"Well, in addition, I will invest again, in the name of my girlfriend. ”
"Her words will become a shareholder of our company. ”
"Okay, Mr. Jiang. ”