Research The Emopany’s Operational Problems Early IPO SL

Under the proper guidance of national policy, SMEs in China developed rapidly, positions in the national economy have become increasingly prominent, The development of SMEs has become a cornerstone of national economic development. However, the problem of financing is becoming a major obstacle to the development of SMEs troubled. After2006, China Securities Regulatory Commission motherboards were launched in the domestic market, the GEM market,"new three board" markets such as the venue, off-financing trading platform.Start China motherboard market and GEM markets financing platform for the development of Chinese enterprises had an important impact. On the one hand, some enterprises through public financing quickly established itself as the industry position and enhance their market competitiveness; on the other hand, some companies but was blocked in the listing threshold, worse still, paid the price for a serious loss of businesses. The reason,"pre-IPO companies operating measures mistake" is an important reason for business failure of the IPO market, so companies need to develop public financing in line with the actual situation of the pre-IPO operational problems countermeasures. In this context, this paper pre-operational issues SL companies launched an IPO as the research object corresponding countermeasures.In this paper, literature research, comparative analysis, research. First, the theory of finance, strategic theory and equity financing, IPO operations literature collection, analysis, identify the relevant theoretical basis; then using comparative analysis of the current situation and SL company listed IPO audit standards were compared to identify pre-IPO companies operate SL questions after countermeasures problems, the last of these issues in depth.This paper presents some of the main points in the course of the study, these ideas are mainly:Specific analysis of corporate financing decisions mainly corporate strategy and financing needs.The basic process of pre-IPO companies operate as:decision-making listed companies, listed on the operation of institutions set up to determine the operational elements of pre-IPO, the IPO pre-preliminary operation (Figure2-2).Pre-IPO companies must operate in strict accordance with the China Securities Regulatory Commission on GEM, the motherboard market system, operation mechanism specific job IPO early works, these priorities is to establish compliance with the listing requirements of the shares of the company and expand specific work, these specific work should include:corporate governance structure adjustment problems, corporate financial restructuring, the independence of the audit of the issuer, to eliminate possible problems with the competition and the related transactions.Among them, the pre-IPO companies to establish operations of an organization set evaluation criteria, which includes four dimensions:qualification for advisory bodies; consultants counseling cases and fit to be listed companies; work literacy advisory bodies; consultants over the past three years counseling performance.Deal with the competition and the related transactions mainly in two ways:through the capital reorganization (merger or separation), undermine the basis of the conditions of competition and transactions associated with the industry; improve the corporate governance structure to prevent the interests of related parties and companies against shareholder interests;...