Analysis Of Preliminary Operation Issues For IPO Of T Co.,Ltd. In Growth Enterprises Market Board

Since the reform and opening up,the national guidance policy to the small and medium enterprises has been carried out continuously,under the guidance of the policy,the small and medium enterprises develop rapidly in our country,and their position in the national economy is very important now,the small and medium enterprises have become the cornerstone of the national economy.However,at the same time,financing difficulties have become a major bottleneck in the rapid development of the small and medium enterprises.The start-up of the multi-level financing platform of the capital market in China has an important impact on the development of the small and medium enterprises.On the one hand,some small and medium enterprises quickly enhanced the comprehensive competitiveness through the IPO financing,and then established its own position in the industry;On the other hand,some small and medium enterprises have been blocked outside the IPO threshold.What is more,some enterprises blind to pursue financing by listing,but pay for the cost of a serious loss or even bankruptcy of enterprises.To find out its cause,one of the most important reasons for an IPO failure is the designing mistake of solutions to the problems found in the operation of enterprise IPO,or the solutions have not been fully implemented.Therefore,the author believes that enterprises need to develop a practical solution to the issues of equity financing through IPO.Based on the situations mentioned above,this paper takes the operational issues and the solution of an IPO on the GEM Board of T Co.,Ltd.as the analysis target to expand the corresponding research.This paper carries out research by literature research method,the comparative analysis method and the case analysis method.First of all,study the related theories such as strategic theory.Financing theory and equity financing.Secondly,collect and analyze the relevant research literatures on IPO operation.And then using the comparative analysis method to compare the status of T Co.,Ltd.and GEM Board IPO audit criteria,to find out the problems existing in the IPO operation of T Co.,Ltd.and put forward the solution of these problems.General basic processes of Enterprise IPO Operation: Firstly,enterprises make IPO policy decisions at the strategic matching point of view.Secondly,set up the listing operation organization.And then determine the specific content of the operation of the GEM Board IPO.The criterion for IPO operation of the enterprise is the rules and regulations of the GEM listing made by China Securities Regulatory Commission.Specific work includes adjustment of corporate governance structure,the financial rules and independent operation of the issuer,elimination of problems existing in industry competition and related transactions.