Why is betta fish listed in America?
Betta 1 suffered losses for three consecutive years from 20 16 to 20 18. Although the operating income grew rapidly, the losses increased, with a net loss of 876 million yuan in 20 18. This kind of enterprises can't meet the requirements of listing on the main board and GEM.
If you must go public, you can only settle for the second best and choose the science and technology innovation board to go public, but Betta's main business now may be different from the science and technology innovation board. Betta's fundraising is mainly used for e-sports content investment, technology and big data research and development, investment and marketing activities.
With the foreign PE background, overseas listing is easy to achieve. These private equity funds hope that these companies can be listed in overseas markets, so it is easier to exit liquidation.
Benefits of Betta listed in the United States:
Betta went public in the United States and became a listed company in the United States, which laid the foundation for enterprises to use the financing platform of the American stock market to raise funds needed for development at home and abroad. Make use of the conditions of American listed companies to expand the visibility of enterprises in the international market. Nowadays, applying for an American visa is so complicated. After going public in the United States, the top management of the company applies for a US work visa and permanent residence, which is conducive to the development of the international market.
It can be seen that Betta's choice to go public in the United States is related to the ownership structure of the enterprise itself, foreign PE and its main business, and the listing system in China.