IPO上市前的准备工作、上市规范、股改要点一览

Core Viewpoint - The article discusses the gradual expansion of the policy effects of the fifth set of listing standards on the Sci-Tech Innovation Board, which supports high-quality, unprofitable innovative companies to go public. It emphasizes the importance of companies preparing for IPOs by following the guidelines outlined in the "Domestic IPO Practical Manual (Enterprise Perspective)" [1][3]. Group 1: IPO Preparation - The first part of the manual consists of six chapters that cover essential tasks, participants, listing conditions, and overall processes that companies need to understand before going public. It also includes guidance on selecting intermediary institutions and assessing the feasibility of listing [6][3]. - Companies should differentiate their strategies based on whether they are within the application period or outside it. For those within the application period, they need to control incremental changes and review past data, while those outside should focus on clarifying their balance sheets as of December 31 of the previous year [7][6]. Group 2: Listing Norms - The second part introduces a "Five-Step Method" for listing norms, which includes adjustments to equity structure, organizational structure, business processes, financial norms, and ERP implementation. Each step is elaborated in detail [13][11]. - The manual emphasizes the importance of tax planning and the differences in tax treatment before and after the IPO, highlighting the need for companies to be aware of their tax obligations during the listing process [11][19]. Group 3: Share Reform Key Points - The third part focuses on key considerations for share reform, including how to choose the timing for share reform and the necessary preparations. It provides practical, step-by-step guidance for companies [19][21]. - Companies are advised to avoid selecting certain month-end dates for share reform due to potential complications and are encouraged to choose more favorable dates [19][21]. Group 4: Other Important Matters - The fourth part discusses capital operations during the IPO process, including the roles of various departments and case studies of IPO reviews in key industries. It aims to facilitate understanding of the integration of investors, mergers and acquisitions, and equity incentives [24][27]. - The manual also highlights the importance of planning for inquiries related to the IPO, particularly the financial department's role in addressing data-related questions [27][24].