IPO 反應 15/10/2021 12:22 《新股上市》騰訊持股的圓心科技提交香港上市申請 15/10/2021 09:22 《新股上市》傳物美科技擱置來港上市，多點則轉赴香港上市 ...
IPO 程序所需的時間各有不同，具體取決於管理和協調的進度。IPO 程序的第一步是對公司進行財務審計，這可能是整個程序耗時最長的一步，特別是在公司賬目不全的情況下。 然後，公司要就擬定的IPO準備一份註冊聲明。接著，證券交易所會審閱申請。
IPO 及半新股 焦點新股 詳情｜相關新聞 2150 奈雪的茶 食肆 上市日：2021年06月30日 上市價 $19.80 現價 $10.40 累積升跌-$9.4 (-47.5%) 焦點新聞 更多 【新股追蹤】和譽掛牌 股價低開 ...
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6/12/2019 · IPO 是什麼意思？ IPO意思是「首次公開發行」或「首次公開募股」(initial public offering) 的縮寫，IPO是指公司第一次從私人公司，變成上市公司，上市(或上櫃)公司，大多數股份也依然在少數人手中，但有一部分的公司股票在公開市場上可以被一般投資人買到。
- What Is An Initial Public Offering (IPO)?
- How An Initial Public Offering (IPO) Works
- History of Initial Public Offerings
- The Initial Public Offering (IPO) Process
- Advantages and Disadvantages of An IPO
- Initial Public Offering (IPO) Disadvantages
- IPO Alternatives
- Investing in An Initial Public Offering
- Performance of An Initial Public Offering
An initial public offering (IPO) refers to the process of offering shares of a private corporationto the public in a new stock issuance. An IPO allows a company to raise capital from public investors. The transition from a private to a public company can be an important time for private investors to fully realize gains from their investment as it typically includes a share premium for current private investors. Meanwhile, it also allows public investors to participate in the offering.
Prior to an IPO, a company is considered private. As a pre-IPO private company, the business has grown with a relatively small number of shareholders including early investors like the founders, family, and friends along with professional investors such as venture capitalists or angel investors. An IPO is a big step for a company as it provides the company with access to raising a lot of money. This gives the company a greater ability to grow and expand. The increased transparency and share listing credibility can also be a factor in helping it obtain better terms when seeking borrowed funds as well. When a company reaches a stage in its growth process where it believes it is mature enough for the rigors of SEC regulations along with the benefits and responsibilities to public shareholders, it will begin to advertise its interest in going public. Typically, this stage of growth will occur when a company has reached a private valuation of approximately $1 billion, also known as unico...
The term initial public offering (IPO) has been a buzzword on Wall Street and among investors for decades. The Dutch are credited with conducting the first modern IPO by offering shares of the Dutch East India Company to the general public.1 Since then, IPOs have been used as a way for companies to raise capital from public investors through the issuance of public share ownership. Through the years, IPOs have been known for uptrends and downtrends in issuance. Individual sectors also experience uptrends and downtrends in issuance due to innovation and various other economic factors. Tech IPOs multiplied at the height of the dot-com boomas startups without revenues rushed to list themselves on the stock market. The 2008 financial crisis resulted in a year with the least number of IPOs. After the recession following the 2008 financial crisis, IPOs ground to a halt, and for some years after, new listings were rare.2 More recently, much of the IPO buzz has moved to a focus on so-called...
An IPO comprehensively consists of two parts. The first is the pre-marketing phase of the offering, while the second is the initial public offering itself. When a company is interested in an IPO, it will advertise to underwriters by soliciting private bids or it can also make a public statementto generate interest. The underwriters lead the IPO process and are chosen by the company. A company may choose one or several underwriters to manage different parts of the IPO process collaboratively. The underwriters are involved in every aspect of the IPO due diligence, document preparation, filing, marketing, and issuance.
The primary objective of an IPO is to raise capital for a business. It can also come with other advantages. 1. The company gets access to investment from the entire investing public to raise capital. 2. Facilitates easier acquisition deals (share conversions). Can also be easier to establish the value of an acquisition target if it has publicly listed shares. 3. Increased transparency that comes with required quarterly reporting can usually help a company receive more favorable credit borrowing terms than as a private company. 4. A public company can raise additional funds in the future through secondary offeringsbecause it already has access to the public markets through the IPO. 5. Public companies can attract and retain better management and skilled employees through liquid stock equity participation (e.g. ESOPs). Many companies will compensate executives or other employees through stock compensation at the IPO. 6. IPOs can give a company a lower cost of capitalfor both equity an...
Companies may confront several disadvantages to going public and potentially choose alternative strategies. Some of the major disadvantages include the following: 1. An IPO is expensive, and the costs of maintaining a public company are ongoing and usually unrelated to the other costs of doing business. 2. The company becomes required to disclose financial, accounting, tax, and other business information. During these disclosures, it may have to publicly reveal secrets and business methods that could help competitors. 3. Significant legal, accounting, and marketing costs arise, many of which are ongoing. 4. Increased time, effort, and attention required of management for reporting. 5. The risk that required funding will not be raised if the market does not accept the IPO price. 6. There is a loss of control and stronger agency problems due to new shareholders who obtain voting rightsand can effectively control company decisions via the board of directors. 7. There is an increased ri...
A direct listing is when an IPO is conducted without any underwriters. Direct listings skip the underwriting process, which means the issuer has more risk if the offering does not do well, but issuers also may benefit from a higher share price. A direct offering is usually only feasible for a company with a well-known brandand an attractive business.
In a Dutch auction, an IPO price is not set. Potential buyers are able to bid for the shares they want and the price they are willing to pay. The bidders who were willing to pay the highest price are then allocated the shares available. In 2004, Alphabet (GOOG) conducted its IPO through a Dutch auction. Other companies like Interactive Brokers Group (IBKR), Morningstar (MORN), and The Boston Beer Company (SAM) also conducted Dutch auctions for their shares rather than a traditional IPO.
When a company decides to raise money via an IPO it is only after careful consideration and analysis that this particular exit strategywill maximize the returns of early investors and raise the most capital for the business. Therefore, when the IPO decision is reached, the prospects for future growth are likely to be high, and many public investors will line up to get their hands on some shares for the first time. IPOs are usually discounted to ensure sales, which makes them even more attractive, especially when they generate a lot of buyers from the primary issuance. Initially, the price of the IPO is usually set by the underwriters through their pre-marketing process. At its core, the IPO price is based on the valuation of the company using fundamental techniques. The most common technique used is discounted cash flow, which is the net present valueof the company’s expected future cash flows. Underwriters and interested investors look at this value on a per-share basis. Other meth...
There are several factors that may affect the return from an IPO which is often closely watched by investors. Some IPOs may be overly-hyped by investment banks which can lead to initial losses. However, the majority of IPOs are known for gaining in short-term trading as they become introduced to the public. There are a few key considerations for IPO performance.
10:10 2021/09/20. 【新股IPO】創勝集團擬16元上限定價 孖展超購62倍. 【新股 IPO 】保誠發新股集資最多225億元 管理層：冀長遠可納入港股通. 19:29 2021/09/19. 【新股IPO】保誠發新股集資最多225億元 管理層：冀長遠可納入港股通. 【新股 IPO 】譚仔國際傳將於中 ...