Core Viewpoint - The article discusses the key considerations for companies planning to go public, emphasizing the importance of industry conditions, company positioning, and strategic planning for a successful IPO. Group 1: Industry Conditions - The industry must align with national strategies, such as supporting innovation and serving the real economy, while industries with overcapacity or severe pollution face greater challenges in going public [1] - Companies seeking to list should have a competitive advantage and be among the industry leaders, as only top players in large markets are likely to succeed in an IPO [1] - The actual profit threshold for listing is higher than theoretical expectations, with a general requirement of at least 50-60 million in profit in the last year of the reporting period [1][2] Group 2: Listing Board Selection - Different boards have varying requirements: the Sci-Tech Innovation Board demands hard technology breakthroughs, while the Growth Enterprise Market focuses on high growth potential [2] - Profit requirements vary by board, with the North Exchange and Growth Enterprise Market typically requiring profits of at least 50-60 million and 100 million respectively, while traditional industries aiming for the main board should target at least 200 million [2] Group 3: Strategic Planning - Companies should plan their IPO timeline based on their industry and development cycle, typically allowing for a three-year preparation period to meet profit requirements [4] - Before initiating the IPO process, companies must thoroughly assess the uncertainties and challenges associated with their industry and operations [5] Group 4: Choosing Intermediaries - Selecting reliable intermediaries is crucial; larger firms often have more resources, while smaller firms may offer higher efficiency [6] - Companies should evaluate intermediaries based on their project experience, team qualifications, and fee structures [6] Group 5: Cost Considerations - The IPO process incurs additional costs, including compliance with tax and social security regulations, which companies must plan for in advance [10] Group 6: Compliance and Conduct - Companies should maintain a low profile during the IPO process to avoid unnecessary scrutiny and potential risks of failure [11] Group 7: Business Focus - A strong business foundation is essential for a successful IPO, with companies encouraged to enhance their business operations and invest in research and development [11] Group 8: Luck Factor - While preparation is key, luck can also play a role in the IPO process, as unforeseen circumstances may impact the timing and success of the listing [12]