How does an Initial Public Offering (IPO) work?
首次公開募股（IPO）是如何運作？
An Initial Public Offering (IPO) is the process in which a private company goes public and offers shares to the public in a new stock issuance on The Stock Exchange of Hong Kong Limited (“Stock Exchange”). Companies do this by working with an IPO sponsor which are typically investment banks, as well as other professional parties including a share registrar like BoardRoom, to work through the necessary due diligence, pricing, transition, and more. Companies embark on an IPO listing as it can provide the company with access to new capital funding and greatly increase the rate at which they are able to grow and expand their business.
首次公開募股（IPO）是指私人公司在香港聯合交易所有限公司（“聯交所”）上市並公開發行股票的過程。公司通過與通常是投資銀行的IPO保薦人，以及包括寶德隆之類的證券登記服務在內的其他專業團體合作，進行必要的核計、定價、過渡等工作。公司在IPO上市，可以為公司提供新的資本融資，並大大增加他們增長和擴展業務的速度。