【锋行链盟】企业IPO尽职调查详细流程

Group 1 - The article outlines the stages of the IPO due diligence process, emphasizing the importance of thorough preparation and compliance with financial, legal, and business standards [32] - The initial preparation phase involves defining objectives, assembling a team, and establishing a plan for the due diligence process [2][3] - The selection of intermediary institutions is crucial, with companies choosing sponsors, law firms, accounting firms, and evaluation agencies based on their business type and industry characteristics [3] Group 2 - The comprehensive due diligence phase lasts 3 to 6 months and includes written verification, on-site interviews, and third-party validation to assess business, financial, legal, and industry dimensions [6] - Business due diligence focuses on verifying the authenticity, sustainability, and core competitiveness of the company's operations, ensuring alignment with the intended listing segment [7] - Financial due diligence, led by accounting firms, verifies the authenticity of financial statements and compliance with accounting standards and listing financial metrics [12] Group 3 - Legal due diligence, conducted by law firms, ensures the legality and compliance of the company's structure, asset ownership, and major legal risks [17] - The article highlights the importance of addressing issues identified during the due diligence process, with companies and intermediaries collaborating to develop rectification plans [25] - The preparation of listing application materials occurs after rectification, including the prospectus, audit report, legal opinion, and sponsor's work report [28] Group 4 - The article discusses the feedback and supplementary due diligence phase, where regulatory bodies provide feedback on submitted documents, requiring intermediaries to address inquiries [29][30] - The final stage involves the issuance and listing of shares, with ongoing supervision by sponsors to ensure compliance and prevent market manipulation [31] - The overall process is described as a closed-loop of "identifying issues - resolving issues - proving compliance," highlighting the need for independent verification by professional institutions [32]