Case Study Of Raytheon Technology Equity Crowdfunding

With the continuous development of market economy,small and medium-sized enterprises play an important role in the market.In recent years,the financing difficulties and high cost of SMEs have affected the multi-level development of China's capital market.The equity crowdsourcing industry came into being as the times require.Therefore,this paper chooses the domestic successful case of Raytheon Technologies as the research object,through the specific analysis of its equity crowdsourcing financing process,draws conclusions and puts forward suggestions and measures with reference value,which contributes little to the development of China's equity crowdsourcing industry.Firstly,this paper analyses the development process and current situation of the equity crowdsourcing industry in recent years.The development of China's equity crowdsourcing can be divided into three stages:initial stage,development stage and shuffling stage.In the period of development,the number of equity crowdsourcing platforms has increased rapidly and there are many financing projects.At present,China is in the period of shuffling.Although the number of crowdsourcing platforms has decreased,the number of financing projects has decreased.But now our country pays more attention to the industry of equity crowdsourcing,promulgates legislation to regulate the industry,and the state promulgates policies to encourage the development of the industry.Equity crowdsourcing plays an important role for SMEs to get out of the financing dilemma and broaden the financing path.Raytheon Technologies emerged in the platform screening through the innovation of the project.It used the common mode of"lead investment+follow investment" of equity crowdsourcing,and finally listed on the new third board to complete the withdrawal of shareholders.Through the analysis of the process of shareholding crowdsourcing,it is found that there are some problems in the operation process,such as project management defects,credit risk,moving around the legal edge in the investment stage,and imperfect exit mechanism,so as to draw inspiration from the analysis of the reasons.The countermeasures are put forward to improve the level of project management,deepen the credit information system,improve the legal system of equity crowdsourcing,and improve the late management of financing.Although only through a single case study,I hope the suggestions will be meaningful to the whole crowdsourcing industry.