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拟境外上市企业必看:90%的融资失败都因忽略这几点?
Sou Hu Cai Jing· 2025-09-03 06:00
Core Viewpoint - The article emphasizes the importance of optimizing key financing elements for companies planning to go public overseas, highlighting the complexities of foreign capital markets and the need for strategic preparation. Group 1: Designing Market Selling Points - Market selling points are crucial for conveying value to international investors, directly impacting market recognition and issuance effectiveness [1] - Selling points must be based on reliable data, technological achievements, and real-world case studies to avoid legal and reputational risks [1] - Selling points should maintain attractiveness for at least three years to prevent fluctuations in investor confidence and additional costs [2] - Highlighting market space and profit prospects is essential to align with investors' fundamental return expectations [3] - Establishing a unique narrative through industry insights and technological breakthroughs helps create competitive barriers and avoid homogenization [4] Group 2: Timing the IPO - Companies should assess both internal and external conditions to determine the right timing for an IPO [6] - Internal timing involves evaluating key indicators such as technology maturity, production and sales stability, financial compliance, and red-chip structure [6] - External timing requires monitoring policy direction, economic cycles, market heat, and competitive landscape to choose favorable windows and avoid direct competition with peers [6] Group 3: Selecting Investment Institutions - Companies should proactively choose investment institutions that align with their development stage and strategic needs [7] - It is important to ensure that the investment amount meets the company's needs and that funds are delivered on time to support cash flow and strategic initiatives [7] - Leveraging the market reputation and industry resources of well-known investment institutions can enhance company image and attract further financing [8] - The reputation of investment firms and the fairness of cooperation terms should be prioritized to avoid governance imbalances or exit barriers [9] Group 4: Choosing Intermediary Institutions - The complexity and professionalism of the overseas listing process necessitate a reliable intermediary team, including financial advisors, lawyers, accountants, sponsors, and PR firms [11] - Financial advisors should possess experience in overseas markets, macro analysis capabilities, restructuring experience, and cross-border resource networks to help companies manage costs and timelines [11] Group 5: Strengthening Overall Planning - Companies should develop an IPO plan early, collaborating with professional institutions to assess various variables and continuously track overseas capital market dynamics [12] - Maintaining strategic flexibility is crucial for establishing a solid foundation for the IPO and achieving stable development and long-term value [12]