The Countermeasures And Analysis Of The Causes Of The Failure Of TK Intelligent Company IPO

This study analyzes the two reasons for the failure of TK Intelligent’s IPO.The first part is due to IPO strategy selection and implementation errors.Including:(1)TK Intelligent Company’s choice of listed intermediary agencies is improper,and the management’s decision to screen the sponsoring team is too random and lacks scientific.(2)The information disclosed in the IPO process of TK Intelligent Company is beautified.The personal accounts that are most concerned about the outside world lack detailed explanations and explanations on the phenomenon of collection of goods,financial indicators and profit composition.(3)The projects invested by the raised funds are only to increase production capacity,and lack of planning on how to improve sales and product competitiveness.The second part is due to frequent internal corporate governance issues,which reduces investor confidence.(1)The phenomenon of TK intelligent company management familyization and holding familyization greatly interferes with the normal operation and decision-making of the enterprise,making the enterprise lack of scientific and forward-looking in operation and decision-making.(2)TK Intelligent Company lacks core competitiveness in its operations.Raw materials are highly dependent on imports,and the business is highly dependent on foreign countries.(3)The homogenization of products has led to a high sales cost.During the two years before the listing,the cost will increase rapidly,and there will be a phenomenon of cost-for-performance.Based on this,this study proposes the countermeasures for TK Intelligent Company to sprint IPO again.The countermeasures are also divided into four steps.(1)Rebuild the listing team and recruit professionals to enter the group.(2)Improve the status of information disclosure on listings,increase information disclosure related to investors,and broaden the channels for IPO information disclosure.(3)Adjust company ownership and management structure.Establish a modern enterprise management system to eliminate the impact of family(4)Improve the business status of TK Intelligent Company.Adjust development strategies and open up new industry sectors.Get rid of import dependence and increase the independent manufacturing rate of parts.Rectify financial management and eliminate violations such as collections.