(1) The process of initial public offering is full of challenges and excitement. Bold decision-making, excellent performance of the listed team and good market conditions, and coordinated realization of "the right time, the right place and the right people" will show the elegant demeanor and image of a successful China company based on the US capital market.

(2) Having its own consulting team: The company's final listing in the United States is often the result of the successful operation of an effective listing consulting team. In addition to the company itself, especially the company's top management, it needs to invest a lot of time and energy, and the company must set up a listing advisory team including investment banks, legal consultants and accountants.

(3) Due diligence: With the assistance of the listing consultant team, the company will conduct comprehensive and in-depth due diligence in management, operation, finance and law. Due diligence will lay the foundation for the company to draft the registered prospectus, prospectus and roadshow promotion.

(4) Pass the registration examination and approval: American securities law requires that securities must be registered with the Securities and Futures Commission before public offering, and provide detailed prospectus to public investors. Registration approval is the core stage of listing. The company, the legal adviser and independent auditor hired by the company will prepare the first draft of the registered prospectus, so the ability and experience of the legal adviser will be fully exerted at this stage.

(5) Promotion roadshow: After the company is registered, it can promote sales with the assistance of investment banks, including roadshows. Roadshow means that securities issuing companies stimulate investment interest by giving a series of reports to potential investors, analysts or fund managers, which usually lasts for one to two weeks.

Extended data:

Nasdaq listing requires three criteria:

Standard 1: the company can make money, with an annual profit of more than $2 million, and the Nasdaq regulatory authorities do not require anything else. They believe that the market will give any enterprise that can continue to make profits a reasonable valuation. After all, profit is the most direct driving force of market value and liquidity.

Standard 2: no profit, but both cash flow and income are ok! Only with cash flow can we continue to operate. Because the "accrual basis" used in accounting is always different from the "cash basis" of cash flow.

However, in the long run, the sum of cash flow and profit tends to be consistent. An enterprise with sustained income and operating cash flow is unlikely to have no profit in the future. Therefore, the requirement of cash flow and income can ensure that the company can continue to operate to a certain extent.

Standard 3: No profit, no cash flow, no income, which is the embarrassment faced by many high-tech innovative companies. But just because a company doesn't make money now doesn't mean it won't make money in the future. Now many unprofitable companies may also be valuable.

For example, a biomedical enterprise doing clinical trials of tumor-targeted drugs only has huge R&D expenditure every year, which is a huge loss. But that doesn't mean you won't make money in the future. With the advancement of their clinical trials and phased progress, the time for listing is getting closer and closer, and the company's valuation will rise step by step.

Such companies need capital assistance most. If we only look at profits, cash flow and income, these companies will not be able to go to the market. Therefore, such enterprises also have a standard: assets and market value. The company does not make money, but it is valuable, and this value can be recognized and listed.

References:

Baidu Encyclopedia-Nasdaq