Research On The Efficiency Of Using Nanda Optoelectronic IPO Fund Raising

On October 30,2009,A lot of small and medium-sized enterprises have been waiting for the GEM.For innovative and high-growth companies of GEM market,which a convenient service platform,Provide them with a wider financing channel.As of December 31,2016,572 companies successively raised funds on the Growth Enterprise Market.As the issue of high prices,the phenomenon of the GEM market over-raised funds intensified,Free use of raised funds for listed companies has helped increase the space,and Over-investment or under-investment is widespread,The issue of the use efficiency of raised funds has lead to the discussion of all sectors of society.This article from the GEM listed companies to raise funds to use the point of view,select Jiangsu Nanda Photoelectric Materials Co.,Ltd.as a case study,studying the analysis of the Nanda Optoelectronics IPO fundraising efficiency by used case analysis and comparative analysis of a combination of methods.Theoretical part,the paper summarizes the related situation of the IPO funds raised by the GEM companies in China,and the definition and influencing factors of the efficiency of using the raised funds,fully demonstrated the status of IPO fundraising of GEM listed companies,reflects over-investment or under-investment in the use of funds.Case section,first introduced the Nanda photoelectric raise funds to the scale of the public offering and the specific use of the situation,second,comparative analysis of the main performance indicators,profit rate of change before and after the company raised funds,The efficiency and economic consequences of using the funds raised by the company of an in-depth analysis found that:After the listing of the company's poor operating performance,a clear downward trend,The utilization of funds raised is still less than half 5 years in the market of Nanda,a lot of money idle in the bank,did not play to positive effect about raise funds;And then summed up the specific performance of the company's use of funds raised inefficient,including four aspects:project investment did not achieve expected returns,expected project progress is slow,over-financing use of funds is inefficient,raise funds idle.From this,we can find out the causes of the inefficient use of funds raised by Nanda Optoelectronics,put forward to prevent Nanda Optoelectronics and GEM listed companies over-raised funds raised and some suggestions on raising the use efficiency of raised funds,Finally,case study derived from the case of inspiration.