The Research Of The Private Placement Of Listed Companies From The Financial Perspective

From the beginning of 2006 the implementation of "the issuance of securities of listed companies management approach" to the present,in the capital market financing is becoming increasingly large.At the same time our country to select the private placement financing refinancing of listed companies is far more than the public issuance of financing.Private placement can solve the shortage of funds and improve the financial situation of listed companies.Compared with the public offering of stock financing,the issuance of private placement financing advantages of lower cost,shorter cycle,offering no profit requirements of the threshold,the choice of capital market in recent years the number of Listed Companies in the rapid growth of private placement.Private placement can quickly raise funds,but also enable enterprises to obtain strategic partners.Based on the actual situation of China's stock market,combined with the example of private placement of listed companies,this paper analyzes the financial problems of private placement of listed companies from the perspective of finance.This paper analyzes the reason why GD electric power company puts forward the private placement financing method,and expounds the rationality of the private placement financing of the listed companies in china.By comparing and analyzing the process and result of seasoned equity offerings in China's listed companies,this paper tries to find the right time for private placement,ensure the smooth issuance of shares,and successfully raise the funds needed by the company.This article focuses on the GD electric power company as an example to analyze the financial decision-making process for the private placement of listed companies,the use of the funding gap model,analysis of listed company's capital demand,and compared a variety of re financing,discusses why choose private placement to refinance.Especially for the GD power company proposed private placement,private placement through the analysis of the company,to explore why choose private placement rather than the other way,at the same time on the basis of placement of the timing problems,then analyze after the issuance of the financial data of GD electric power company directional change.From the analysis of the additional financing for listed companies' private financial perspective,is of great significance for China's current listed companies refinancing,while listed companies financing the financial decision-making and financial analysis results provide a reference value and related suggestions.