Research On The Risk Management Of Company F’s IPO Application On The Star Market

Under the background of "strict supervision" under the registration system,the science and technology innovation board,as a "test base" for reform,is a "grinding stone" for companies to be listed on the stock market,and a "steel-making furnace" for the survival of the fittest in the capital market.In the current seemingly relaxed environment,many companies have not combined their own circumstances,have not been carefully evaluated by professionals,blindly impact the IPO,in fact,it has increased many unfavorable risk factors for the development of the enterprises themselves,which may seriously lead to the decline of the enterprise.This paper takes Company F’s proposed IPO on the STAR Board as an example,and conducts risk management research on Company F at the stage of listing on the STAR Board from the perspective of external risks and internal risks.At present,many research cases in economic management are conducted from the perspective of auditing or securities firms,and there are also law-related studies,but there are relatively few cases combined with the comprehensive evaluation of securities firms,accounting firms,law firms,and corporate executives.The research is mainly divided into three parts:(1)Risk identification: the risks that may arise in the declaration process are preliminarily sorted out in combination with the actual situation of Company F and risk management theory.(2)Risk evaluation: According to Delphi and scenario analysis methods,the importance and impact degree of legal and compliance,technical,operational and internal control risks of Company F are scored as 5 points(high risk level),which need to be paid attention to.The level of financial risk is correlated with the efficiency of business performance,and the score is at a high level.(3)Risk response: Analyze the actual situation of Company F’s IPO according to different risk levels,analyze and propose risk management solutions according to the important risks in the proposed IPO application process.It is recommended that Company F to be listed pay attention to the advanced technical level and legal compliance(special attention should be paid to patent protection),strengthen internal control,expand business results,enhance capital liquidity,and occupy a favorable position in the market to enhance the value of the enterprise itself.Rational use of funds and reduction of financial risks can improve business results and efficiency.Important and influential risks should be countered in a timely manner,and risk supervision and management departments should strengthen control to form a virtuous risk management cycle system.This article has reference value for both Company F and companies listed on the Science and Technology Innovation Board in the IPO practice,and the risk management of enterprises has enlightening significance for strengthening corporate governance and risk control.