1, absorbing venture capital
The venture capital fund does not need the asset mortgage guarantee of the venture enterprise, and the procedure is relatively simple. Its management policy is to pursue high returns in high risks. Venture capital funds mostly participate in investment in the form of shares, with the purpose of helping the invested enterprises to mature as soon as possible and obtain listing qualifications, so as to achieve the purpose of increasing capital. Once the company's shares are listed, venture capital funds can recover their funds through equity transfer in the securities market and continue to invest in other venture enterprises.
2. Private financing
Compared with public financing, private financing is a faster and more effective financing method. Through non-public publicity, private placement of funds from a specific minority of investments, the sale and redemption of which shall be conducted through private consultation between fund managers and investors. Although this kind of "quasi-public offering" securities under limited conditions still can't get out of the sun, countless successful private placements show that it is gradually becoming legal; And compared with public offering, private placement has irreplaceable advantages and has become an ideal way for many enterprises to successfully go public. A research report shows that at present, private equity funds account for 30% ~ 35% of investors' trading funds, with a total capital scale of 600 ~ 700 billion yuan, twice that of Public Offering of Fund. From the perspective of regional distribution, China's private equity funds are mainly concentrated in Beijing, Shanghai, Guangzhou, Liaoning and Jiangsu, but the main areas are dynamically evolving.
Looking at the success of the golden abacus, it is not difficult to find that successful private placement is not achieved overnight. Occasionally there is a certain inevitability. Unique technical advantages and stable and mature profit model are prerequisites for obtaining private placement. Moreover, enterprises need to find suitable investors according to their own financing needs. Foreign capital often pays more attention to the development prospects of the industry and the position of enterprises in the industry, and likes to pursue long-term returns. Investment is often strategic.
3. Listing financing
Broadly speaking, listing financing not only includes the preparatory work before the initial public listing, but also emphasizes the guidance and transformation of enterprise management, production, marketing, finance and technology. In contrast, the narrow purpose of listing financing is only to enable enterprises to successfully raise funds. The emergence of venture capital market greatly advanced the time for enterprises to obtain external equity capital. At the beginning of the enterprise life cycle, if there is enough growth potential, it is possible to obtain external equity capital. This kind of financing with value-added services accompanied the enterprise through the initial stage and expansion stage, and then the investment bank took over the narrow sense of listing financing, gradually and steadily established a good operating mechanism, accumulated operating performance, and became a qualified public company. This is of great significance to improve the overall quality of listed companies, reduce the risk of open market and even economic growth.