Group 1 - The core team for a successful IPO includes investment banks, law firms, accounting firms, and financial PR companies, each playing a crucial role in the process [3][4][5][6] - Investment banks act as sponsors and underwriters, coordinating the IPO process, conducting due diligence, and assisting in the design of the equity structure [3] - Law firms ensure legal compliance throughout the IPO process, handling disputes and providing legal opinions [4] - Accounting firms audit financial statements to ensure accuracy and completeness, which is essential for gaining trust from regulators and investors [5] - Financial PR companies manage media relations and shape the company's image before and after the IPO [6] Group 2 - The distinction between IPO and listing is that IPO refers to the process of issuing shares to the public for the first time, while listing refers to the actual trading of those shares on a stock exchange [8] - IPO can be likened to a "shareholder recruitment event," while listing is akin to opening a "stock trading market" for new shareholders [8] Group 3 - The conditions for a company to go public include operational requirements, financial metrics, equity and compliance requirements, and information disclosure [10][12][15][17] - Companies typically need to have been in operation for at least three years and must establish a sound corporate governance structure [10][11] - Financial metrics vary by market, with specific thresholds for profitability, market capitalization, and revenue required for listing on exchanges like the Hong Kong Stock Exchange [12][13][14] - Companies must have clear ownership without significant disputes and must have a clean compliance record with no major legal violations in the past three years [15][16] - Transparency in information disclosure is mandatory, requiring companies to provide accurate and timely information to the market [17] Group 4 - The article emphasizes the importance of early planning for companies aiming for an IPO, including establishing a robust international banking account system to support the IPO journey [19]