Recast youth

Chapter 1012 Conditions for listing

"List it on Nasdaq."

When Wen Yueqi saw that Ye Feng's company was going to be listed, she gave Ye Feng some advice without thinking too much: "Most of the companies listed on the New York Stock Exchange are giant companies with large assets, large market value, and long history of development. The listing standards will be stricter. The listing threshold is also high, and Nasdaq’s listed companies are mostly high-tech, small and medium-sized companies with good growth and development prospects. Its listing standards and requirements are much looser than those of the New York Stock Exchange, so you It would be better to list on Nasdaq."

Ye Feng also prefers to be listed on Nasdaq, because companies such as NetEase and Baidu are all listed on Nasdaq.

Because Ye Feng didn't know much about listings, he asked Wen Yueqi about the listing conditions of the New York Stock Exchange and Nasdaq. After asking, he realized that listing on the New York Stock Exchange was really strict. .

It is basically impossible for a company that has not yet made a profit to raise funds by listing on the New York Stock Exchange.

"Okay, then it will be listed on Nasdaq."

Ye Feng didn't hesitate and made a decision quickly.

Wen Yueqi nodded: "Actually, your company basically meets the conditions for listing on the stock exchange, but Nasdaq's listing review process is faster. According to the relevant provisions of the U.S. Securities and Exchange Act, successfully registered securities Or exempt securities can be listed on the Nasdaq exchange."

Ye Feng nodded and said: "Mainly, I subconsciously felt that the New York Stock Exchange has been established for a long time, so it would be easier to raise funds if listed on the New York Stock Exchange."

"Who told you that?"

Wen Yueqi laughed and shook her head: "Both of these markets are facing global investors. For example, Microsoft is listed on Nasdaq. In fact, the Nasdaq market is very optimistic about Internet companies like you."

"Is Microsoft listed on NASDAQ?" Ye Feng asked in surprise. He didn't know this.

Wen Yueqi nodded: "Yes, Microsoft was listed on the Nasdaq market in 1986. At that time, Microsoft's assets were only US$200 million, and it had just reached the minimum listing threshold of the Nasdaq small market, with limited assets of US$200 million. US dollars, the stock began to go public, the stock price was $21 per share, and a total of $6100 million was raised. Today, Microsoft's market value is approximately $2300 billion."

"It sounds like a headache. It's a mess."

Ye Feng shook his head: "I don't understand these listing conditions at all. When I return to China, I'll find professionals to help me with the listing."

Wen Yueqi glanced at Ye Feng speechlessly: "I have never seen such a lazy boss like you."

"I'm lazy by nature and can't change it."

Ye Feng laughed: "The boss can just be responsible for making money. Professional things still have to be left to professionals. Now the company's listing is just an idea. We will discuss the details when we return to China. I won't think about him now."

"Okay, be ready when you go back."

Wen Yueqi looked at Ye Feng and said, "I will introduce the underwriter to you here. You can come over and talk about it then. In addition, in your company now, you have independent equity, right?"

"Yes." Ye Feng looked at Wen Yueqi and said, "Sister Qi, do you want the original shares of my company?"

Wen Yueqi said: "It's not that I want your company's original shares, but after you apply for listing on the Nasdaq market, Nasdaq will review your company and require more than 800 people to hold public shares (NON-IPO). A holding company must be established abroad, and the original shareholders must exceed 800 before it can be listed. The so-called public shareholding, according to the U.S. Securities and Exchange Commission Manual (SEC Manual), requires that the number of shares held by public shareholders must be more than a whole share, and The entire share in the United States is the basic circulation unit of 100 shares." "In other words, if my company wants to be listed on Nasdaq, it must have more than 800 people holding shares in the public?" Ye Feng was stunned when he heard this. He really didn't expect it to be more than 800 people holding shares in the public.

But now Ye Feng finally understands that some companies will have original shares when they go public. He knew before that the company had original shares, but he was not sure what the specific meaning was. Now he finally has a general understanding.

Wen Yueqi nodded: "Yes, no matter what market a company is listed on, it must consider the public shareholding. Usually, according to international practice, the public shareholding should be more than 25%. For example, in the stock market , the price of the A shares of the same company is 10 yuan, while the B shares are only 1 yuan or 2 yuan. Why is this? It is because B shares do not have public shareholding requirements, and there is no sufficient public float, so there is no good If the market price is low, no company will be willing to issue stocks or be able to issue stocks in your market. If this is the case, your market cannot be used. The Nasdaq National Market of the United States requires that there be Profitable companies must have a public shareholding of more than 50 shares, and unprofitable companies must have a public shareholding of more than 100 million shares.”

"Okay, I'll look at the specific listing requirements then. Thinking about it now is a bit of a headache."

Ye Feng nodded and didn't plan to think about it for the time being. He could just find Wang Xin after returning to China. She had been the vice president of Yahoo for so long, so she should know about things like company listings.

As for now, Ye Feng finds that it is really difficult to get in touch with things he has never touched before, at least for him. After all, in his previous life, his height was limited and the levels he could touch were also limited.

But if the company goes public now, it will be considered a big step for him after his rebirth in this life.

"Then after my injuries have healed in the past two days, I plan to return to China."

Ye Feng thought for a while and proposed to Wen Yueqi his plan to return to China.

"So urgent?" Wen Yueqi asked in surprise.

Ye Feng nodded: "It won't be long before I get out. After returning to China, I will prepare for the listing of the company. There will definitely be a long process to go through."

"alright."

Seeing that Ye Feng was about to return to China, Wen Yueqi couldn't persuade him to stay, so she continued, "But you don't have to worry, the process of going public still has to go through, and it will probably take 6 to 8 months."

"Well, Boss Chen's money has been received. I will transfer the money to the Scion fund account later. If there are any changes, you can also call me and discuss it with me."

After Ye Feng finished speaking, he looked at Chen Huang: "Do you want to come back to China with me?"

"go back."

Chen Huang stretched and continued: "I have been out for a long time. Let's go back and take a look. I was almost stunned by Feng Zheng's push yesterday. I am really convinced by that knife."

"Without him here, my life would be really lost."

Ye Feng was also a little emotional, and once again thought of the idea of ​​talking to Feng Zheng.

(End of this chapter)