Hello, private placement, also known as private placement or internal issuance, is a way to issue securities to a few specific investors. There are roughly two kinds of private placement objects: one is individual investors, such as the old shareholders of the company; The other type is institutional investors, such as large financial institutions or enterprises closely related to issuers.

Public offering refers to the public offering of securities by issuers through intermediaries. In the case of public offering, all legal social investors can participate in the subscription, including individual investors, legal institutions and securities investment funds. In order to protect the interests of investors, all countries have strict requirements for public offering. For example, the issuer must have a high credit and meet the various issuance conditions stipulated by the securities authorities before it can be issued. In China, the public offering of shares must comply with the relevant provisions of the Securities Law and the Company Law.