Initial public offering (IPO) refers to the initial public offering of shares to investors through the stock exchange. One Foundation has joined forces with 1 1 well-known entrepreneurs to establish the Shenzhen One Foundation in Shenzhen. After that, the Shenzhen One Foundation can openly accept donations from Shenzhen enterprises. In the past, it was a private placement, and it was only possible to raise funds in private. Now it can be publicly offered to the public, independent legal person, independent account and independent management of the use of funds.