The Risk Analysis And Control Of The Equity Investment Based On The Purpose Of IPO

Since 1998,venture capital came into China,after more than 10 years development,has become an indispensable part of economic.In recent years,domestic capital markets made a rapid development,enterprises,in the stock market,generally got a high valuation.Venture capital exit from IPO become the first choice.At present,venture capital invest into the enterprise of the periods of start,growing,mature or Pre-IPO,and then withdraw from IPO in the secondary market is the major model.However,the development of China's capital market is not mature,the higher the threshold,together with private enterprises due to historical,tax,management,financial condition and other reasons,the road of China's IPO is not wide,so the risk of investment in IPO smooth out the need to invest in start-ups team to conduct a comprehensive and detailed due diligence,to be a full analysis of the various risk-invested enterprises and mining of its investment highlights,and then combined with the current capital markets,investment companies to be a reasonable valuation,is the only way to ensure the success of an investment.The risk of investment in start-ups is only the first step towards successful investment,IPO exit is the ultimate goal,so there is investment,venture capital institutions will continue to invest in enterprises of the value-added services,through value-added services to ensure that start-ups to choose the correct operating methods and means of financing the development direction with a view to controlling investment risk.In this paper,Systematically expounded the connotation of venture capital,basic features and operation of the whole framework of processes,as well as the current value of enterprise risk assessment The author spent three years of theoretical research and practical work,bring forward the risk of enterprise value evaluation system,and made the system more detail.Finally,through the actual case of high-tech enterprises-" A company"valuation case,verify the correctness of the theoretical process and results.