Nationz Technologies Inc. IPO "Three-high " Issue Of Perspective

The development of China’s capital market has experienced twenty years, after years of development, listing Corporation, and the number of total market value has less developed capital market. In2009, time and again to Growth Enterprise Board at the Shenzhen stock exchange to open, Growth Enterprise Board for Chinese small and medium-sized enterprises open financing channel, solve the development of small and medium sized enterprises financing relatively difficult problems. Some outstanding small and medium-sized enterprises in obtaining funds, rise of the rapid development of. However, more small and medium-sized enterprises from the beginning to appear on the market, its purpose is money, through the capital market to achieve wealth surge. Growth Enterprise Board the enterprise that tall, high-growth, high-tech, high additional value has evolved into a high price, high P/E ratio, high raise funds for the new "3tall ", the consequences is not only to achieve the optimum allocation of the social funds, and let two secondary market investors suffer a loss, not to enjoy the investment the gem brought a corresponding return. Nationz Technologies Inc. by Share Ltd is a typical high issue, from the listed shares soared to183yuan in2012to August, the stock price has dropped to38.8yuan, two market investors serious secure. National technology is the GEM companies in a microcosm, how to introduce the foreign mature developed capital markets experience, from underwriting the sponsor system, IPO inquiry mode and mechanism, information disclosure system, the system of bonus delisting systems to be completed, is placed in front of China Growth Enterprise Board one of the urgent problems.First of all, Growth Enterprise Board the definition, characteristics, the purpose and significance are described, and then from the foreign mature securities market in developed capital Growth Enterprise Board the development history of the research, and the development process of the successful experience and lessons of failure theory.Secondly, according to the national technical high distribution problems, the author used the financial analysis, SWOT analysis and matrix analysis, contrast and other technology and tools, revealing the national technology three issue basic reason and issued after the listing company state of operation of the changes occurring in the real reason.Finally, the author puts forward three issued inhibition solutions, namely through the GEM Listing Corporation underwriting, sponsor system perfect and alterations, Growth Enterprise Board listing Corporation IPO inquiry mode and mechanism of perfect and improvement, Growth Enterprise Board listing Corporation information disclosure and supervision, Growth Enterprise Board listing Corporation bonus system and supervision, Growth Enterprise Board listing Corporation delisting perfecting the system and regulatory aspects of China’s capital market, realize the benign development of the gem. In this paper, not only the technical high issue with deep introspection and practical significance, but also for other industry, especially the expectation by IPO publicly issued and listed a large number of small and medium enterprises also have some reference value.