Research On Z Company Financing Program In The NEEQ

The rise of the NEEQ in recent years has provided new ideas and directions for the development of small and medium-sized enterprises that are not yet mature,and in particular provides new ways for their financing activities.The theory of financing demand puts forward that small and medium-sized enterprises,due to their own limitations and the "economic rationality" of the funders,have caused difficulties in financing.Based on the financing needs,enterprises will choose to seek further financing directions,enrich their financing channels,and find the most economical and effective methods.Based on the theory of financing,this article introduces the characteristics,role,and financing of NEEQ.Combining with the actual situation of Z company,the company’s capital demand was forecasted.The feasibility of listing the company’s NEEQ was analyzed from both the listing conditions and the listing costs.Then,the principle of financing was determined to follow the principle of preventing excessively large scale of financing,the principle of reducing the cost of financing,and the principle of appropriate income and risk.The plan for financing through the NEEQ listed was selected.Specifically,the private equity investment and private placement after listing were introduced,and the financing plan was evaluated.The risks that may be faced such as the risks existing in the system,the risks brought about by market competition,and the risks of the company’s operations were analyzed.The research conclusions of this paper are as follows:(1)The company’s characteristics and maturity are different,and it should be tailored to the corresponding channels for financing;(2)When the company is in the process of rapid development,it can be used by landing NEEQ.This kind of financing method and multiple financing channels;(3)The need to fight for iron needs its own hardiness.Enterprises that want to be favored by the capital market must strive to improve their own strength and level and truly become quality assets.In the case study of the financing of Z company’s listing of NEEQ,the corresponding enlightenment has also been obtained:(1)To regulate the behavior of the company’s operations and to solvethe problem of information asymmetry;(2)The government department must provide support for the policy;(3)Be cautious when doing hierarchical management.