Research On The Failure For IPO Of RF Company From The Financial Perspective

The public issuance and listing of stocks is a key step for companies to enter the capital market,utilize the idle social resources,and enhance the company's strength to broaden the company's business.Enterprises want to enter the capital market to raise funds to promote the development of the company's IPO is the only way.Compared with 2016,the number of IPO was issued in 2016 increased significantly year-on-year,and the number of IPO is issued this year has set a new record higher than ever.All the signs indicate that the IPO audit trend is becoming irresistible.At the same time,the rate of IPO rejection has also increased significantly,and the number of companies that have suspended the voting and canceled the review has obviously increased compared with the past.The successful listing of a company can not only continuously obtain capital needed for development from the capital market,but also improve the company's capital structure and shareholding structure,improve the company's social reputation,strengthen the company's standardized operations,and achieve the expansion of the company.If it fails,the company may not only face the dilemma of institutional reforms,but also will suffer heavy losses in financing policies such as policy support and bank loans.In addition,the company's social status and social credibility will be reduced to varying degrees.Therefore,once the company's public offering fails,the price will be very serious.There are numerous reasons for the failure of IPO,but it cannot be denied that the failure caused by financial perspective factors is one of the important reasons.It is of great practical significance to conduct in-depth research on it.With the continuous development of the cable industry,more and more cable companies have begun to try to integrate with the capital market,but due to the lack of industry characteristics and the impact of the policy environment is relatively large,the current development of China's cable companies in the market is not optimistic.In this paper,we choose 2017 cable companies RF company IPO cases as the research object,focus on the comprehensive analysis from the financial perspective of the reasons for the IPO is not the case,and RF companies represented by the cable companies IPO put forward feasible countermeasures and recommendations.This article adopts the case study method,combines the development status of the cable industry,from the financial perspective of the RF company IPO failure cases.The article is divided into five parts.The first part is the introduction.It mainly introduces the background of this topic,the research methods and content,and the research status at home and abroad.The second part mainly summarizes the development status of IPO in China and the IPO audit process.The first part introduced the basic situation of the RF company,followed by a reason analysis of the failure of the RF company's IPO.The RF company's prospectus for the initial public offering of shares at the end of 2016 and the financial statements for the last three years were used as the basis for the analysis,from profitability.The fourth part analyzes the reasons for the IPO failure of the RF company,and the fifth part is the conclusion and enlightenment.The case study shows that resolving corporate-related financial issues is an important factor in solving the difficulties of listing on the company.The enterprise itself must continuously enhance its own vitality,strengthen corporate governance,improve internal audit,gradually increase its sustainable profitability,improve the quality of reported information,and meet regulatory requirements.These are the key to solving the listing difficulties.In addition,it is hoped that through the investigation of the RF company case,the experience and lessons learned will be summarized,so as to improve the quality of preparatory work for enterprises that intend to enter the IPO and increase the success rate of listing.