What is the time limit for the listing process of the company?
1. What is the time limit for the company's listing process? The overall time is more than one year. In general, the approximate time of each stage is as follows: it takes about 6 months from planning to restructuring to establishing a joint stock limited company, and the time for changing a standardized limited liability company into a joint stock limited company can be shortened; It takes about 3 to 4 months for intermediaries such as sponsors to conduct due diligence and issue application documents; Theoretically, it takes about 3 to 4 months from the examination by the CSRC to the issuance and listing, but the actual operation time is often around 10 months. Article 50 of the Securities Law A joint stock limited company applying for listing its shares shall meet the following conditions: (1) The shares have been publicly issued with the approval of the the State Council securities regulatory authority; (2) The total share capital of the company is not less than 30 million yuan; (3) The publicly issued shares account for more than 25% of the total shares of the company; If the company's total share capital exceeds 400 million yuan, the proportion of publicly issued shares is more than 10%; (4) The company has no major illegal acts in the last three years, and its financial and accounting reports have no false records. A stock exchange may prescribe listing conditions higher than those prescribed in the preceding paragraph, and report them to the the State Council securities regulatory authority for approval. Second, the basic process of enterprise listing Generally speaking, if an enterprise wants to go public in the domestic securities market, it must go through three stages: comprehensive evaluation, standardized reorganization and formal start-up. The main contents are as follows: the first stage: comprehensive evaluation of enterprises before listing. Listing of enterprises is a complex financial engineering and system engineering. Compared with traditional project investment, it also needs to go through the process of pre-demonstration, organization and implementation and post-evaluation, and it also faces the path choice of whether to list in the capital market and in which market. Listed in different markets, enterprises have to do different jobs, channels and risks. Only through the comprehensive evaluation of enterprises can we ensure that listed enterprises can operate correctly under the condition of controllable costs and risks. For enterprises, it is also a price to organize and mobilize a large number of personnel and mobilize all aspects of strength and resources to work. Therefore, in order to ensure the success of the listing, the enterprise will first conduct a comprehensive analysis and research on the above issues, and carefully give opinions, and then fully start the work of the listing team after getting a clear answer. The second stage: the reorganization of enterprise internal norms. There are hundreds of key issues involved in the initial public listing of enterprises. Especially in the specific environment of China, there are many historical issues left by private enterprises, such as finance, taxation, law, corporate governance and historical evolution. And many problems in the later period are quite difficult to deal with. Therefore, it is very important for enterprises to deal with some problems in advance in a planned and step-by-step manner with the assistance of listed financial consultants on the basis of completing the preliminary evaluation. Through this work, sponsors and strategies can also be strengthened. The third stage: officially launch the listing work. Once the listing target is determined, the enterprise begins to enter the practical operation stage of the external work of listing, which mainly includes: selecting relevant intermediaries, carrying out shareholding system reform, auditing and legal investigation, brokerage counseling, issuance declaration, issuance and listing, etc. Because the listing work involves five or six external intermediary service agencies working at the same time, the personnel involve dozens of people. Therefore, it is very difficult to organize and coordinate, which requires multi-party coordination. To sum up, after the company becomes bigger and stronger, it will choose to go public for better development. In fact, the listing is also funded by the company. At the same time, in order to avoid harming public interests, China has strict regulations on the conditions for listing, so it usually takes a year for a company to go public if it doesn't want to go public.