LED enterprise landing three new board, pit how many?

Three new board listed companies more than 3500, but has been subject to low valuation, lack of liquidity and other multiple problems, the company should not venture on the new three board? There are investors and entrepreneurs have said that the new three board is a major historical opportunity, venture companies should seize the opportunity on the new three board.

Wu Yanyan research center researcher Minsheng securities three new board believes that enterprises should be on the new board, but to choose the right time, the best is the first two legs, and then listed financing.

Three new board, the three major problems"

The first is that the waves are too big and the water is too deep. Data show that the current number of new board listed companies have more than 3500, the Shanghai Stock Exchange [micro-blog] more than 3 times, the Shenzhen Stock Exchange [micro-blog] of the times, more than the U.S. NASDAQ [micro-blog] also more than 30%. This year to reach 4000, next year may be the 10000. Minsheng Securities Research Center, said the new three board strategy researcher Wu Yanyan said.

Followed by lack of liquidity. Since the beginning of the new board of the average daily turnover of only 748 million yuan, after the stock market crash of liquidity downturn has failed to improve. Turnover level of only 42 million, accounting for more than a little more than the number of listed, of which the average daily turnover of non-financial category of only 10 million of the top 35 of the family of 1%.

Third valuation is too low. At present, the gem earnings ratio is 70 times, and three new board less than 30 times, the former is the latter of the times of two times.

Earlier media reports said, focusing on emerging industries and innovative companies in the strategic emerging board may be in sync with the registration system launched in 2016. Wu Yanyan believes that after the introduction of the new strategy, the gem is facing the danger of being marginalized. Many companies in the tangle of three new board or innovation board, very anxious. "

Proposed financing before listing

First listed or financing, is a concern for many startups. In this regard, Minsheng Securities Research Center of three new board recommendations should be listed on the financing in the front, "walking on two legs".

If it is proposed to hang the new board, it is likely to be hanging in June and July next year. Wu Yan suggested that before this, venture capital companies should strive for some financing opportunities.

We may concern before, after listing or market financing market, now many people will pay more attention to the listing before the investment funds of the heat front more, from this point of view, our proposal is listed on the financing first, walking on two legs. "

On the new board to be careful a lot of pit"

Internet legal electricity supplier platform law greatly chief legal officer Mei Zhen believes that the new board on the start-up companies to choose the right time, and the company's development rhythm match. Taking into account the new three Board companies, be careful with a lot of law pit".

Not only to see the advantages of the new three board, but also to see its drawbacks, including the high cost of corporate norms, expensive intermediary costs and can only be directed distribution. Mei Zhen said that before the new three board, start-up companies need to pay attention to many legal issues, that is, the so-called pit". If the start-up companies in the early stages of development of the necessary legal issues, in the latter part of the development will reduce the cost of compliance. "

Mei Zhen listed three new board may face the trap of enterprise registration stage not withdrawing registered capital, in addition, we should also pay attention to the intangible assets investment, competition and transaction processing, chip removal, the internal management of compliance issues.

Mei Zhen also suggested that the new board also pay more tax, start-up companies in the seed and growth period of a large amount of capital investment, the company will cause great financial pressure. In comparison, in the expansion period and profit period on the new board, in terms of capital will be more calm, the probability of success will be greater.

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