Initial Public Offerings (IPO) refers to the first time an enterprise or company (a joint stock company) sells its shares to the public (initial public offering refers to the first time a joint stock company offers shares to the public).

Private Equity (referred to as "PE") is private equity investment. From the perspective of investment methods, it refers to equity investments in private companies, that is, unlisted companies, through private equity. During the transaction implementation process, future exit mechanisms are also taken into consideration.

, that is, making profits from selling shares through listing, mergers and acquisitions, or management buybacks.

Venture capital (English: Venture Capital, abbreviated as VC), referred to as venture capital, also translated as venture capital, is mainly a financing method that provides financial support to start-up companies and obtains shares of the company.

Venture capital is a form of private equity investment.

Extended information: The restart of IPO will inevitably involve many problems, such as the "three high phenomenon" of stocks, fraud by some companies in their efforts to go public, etc.

Assume that the PE value of a company before listing is about 15 times, and the company's net profit will grow at a growth rate of 30% in the next three years.

The operation of private equity investment refers to the overall operation process of fund establishment and management, project selection, investment cooperation and project exit by private equity investment institutions.

Each investment institution has its own unique operating model and characteristics. Its operations are usually low-key and mysterious. To a certain extent, the different operating models of private equity investment directly affect the return level of investment, and they are exclusive and cannot be leaked.

confidential.