企业改制上市操作手册.pptVIP

哪些要素决定上市的成败 ？ 治理结构与管理水平 公司主要领导团队的素质 公司现实业绩（审计报告结论） 未来成长预期的可信度 可靠的创造现金能力 投资机构的信任与支持力度 中介服务机构的专业能力和责任心 中国法律法规政策 任何细节都可能决定成败！ 为什么需要全程财务顾问 ？ 调研、考察：条件是否成熟？是则拟定计划与策略；否则先培育 根据自身情况，进行上市方案论证 甄选机构并接触、商谈，模拟在各种上市过程和结果 进行业务重组、资本重组，使公司价值凸显出来 根据拟选择的目标资本市场上市公司要求，从各方面提升公司管理水平，使公司符合目标市场的要求 选定中介机构，并拟定能成功上市的一揽子协议 正式进入上市准备阶段中的一切谈判（始终代表贵司的利益） We’ve seen the comparison of TSX Venture and TSX listing criteria. Each market is tailored to meet the needs of certain size companies. Key areas of the listing to review are: market value – you still need to be a large company when listing in the US – the markets demand it and the institutional investors demand. If you are too small of a company when you list in the US, your company will be more likely to be orphaned – no analyst and limited interest by institutional investors. Interlisting on TSX and Nasdaq and Canada has its benefits. The key benefit is access to capital, trading liquidity, but there is a BUT. There is a recipe for success in achieving the benefits of interlisting - your company must be a certain size – it has been noted that companies in the $500M market cap range realize the benefits of interlisting because of two main reasons – size in terms of market capitalization and having a coud solid investment story. We’ve seen the comparison of TSX Venture and TSX listing criteria. Each market is tailored to meet the needs of certain size companies. Key areas of the listing to review are: market value – you still need to be a large company when listing in the US – the markets demand it and the institutional investors demand. If you are too small of a company when you list in the US, your company will be more likely to be orphaned – no analyst and limited interest by institutional investors. Interlisting on TSX and Nasdaq and Canada has its benefits. The key benefit is access to capital, trading liquidity, but there is a BUT. There is a recipe for success in achieving the benefits of interlisting - your company must be