Research On The Path Of IPO Listing On GEM

As the scale of development continues to expand,the company's demand for financing continues to increase,so there are more and more companies seeking to list,and IPO(initial public offering)can help companies establish a good reputation,better return individuals and venture capital Investment,and contribute to the improvement of corporate governance,financing,incentives and development in many aspects,thereby improving the company's long-term competitiveness.At present,the preparation time for a company's IPO is relatively long,requiring long planning,the short one is usually one year,and the long one may take more than three years.During this preparation time,in order to meet the requirements of listing,the company needs to invest a lot of manpower and material resources.However,even if the company has invested a lot,it may not be able to go public smoothly.In fact,many companies are rejected by the capital market for various reasons every year,and they suffer heavy losses.At the same time,some companies have missed opportunities because they are preparing to go public for too long.Therefore,it is particularly necessary to study the path of IPO listing on GEM.This article mainly discusses the company's listing related theories,China's GEM companies' IPO listing path and specific cases.The deductive method,case study method and inductive method are used in the research process to analyze the listed cases,which is beneficial to the company.Before the listing,adjust its preparation status based on its own performance,business operations and environment,etc.,to avoid attaching to the listing and causing significant losses to its own development,and at the same time can provide certain references and suggestions for the company's IPO listing and the specific path of listing.This article chose Lakala as a case company to discuss,mainly because its listing process has been twisted and twisted,which can relatively explain that the company is currently backdooring or listing with disease in order to list as soon as possible,which has a strong representative role.Through the analysis of the Lakala case,we can learn that the proposed listed company may have backdoor listing non-compliance,lack of actual holding company,incomplete preparation for listing documents,unclear main business of the company,increased number of penalties and gross Unstable interest rates.And for the case analysis,put forward corresponding countermeasures and suggestions,clarify the company's control rights,accounting standardization,and know the company's development opportunities and clear main business in the proposed listed company,and continue to strengthen the company's own strength.In terms of regulatory authorities,it is necessary to further improve the IPO supervision method,improve the information disclosure system,and strengthen coordination with financial intermediaries and the stock exchange multi-sectoral supervision,the GEM also needs to optimize the issuance review system,and the regulatory department to increase the sponsor Requirements,and extend the sponsor 's continuous supervision period as much as possible,which not only provides a listing direction for the company to be listed to a certain extent,but also contributes to the optimized development of the capital market.