What is APO Financing The difference between APO and IPO

IPO full name is Initial Public Offering (Initial Public Offering) refers to the issuance method of a company (stock **** or limited liability company) for the first time to the public.

Translated into Chinese, APO is a financing-type reverse takeover. Financing reverse takeover is a financing procedure between IPO and private placement, which has the characteristics of both private placement and IPO, and the private placement process is characterized by low cost and speed, so it only takes three to four months to complete the financing; At the same time, the APO has the characteristics of public offering, and the investor gets the ** of the listed company at the same time of investment, and it is precisely because the investor obtains the ** liquidity bargaining at the moment of investment, so he can bear a higher **.

APO is an abbreviation for Alternative Public Offering. It transforms the form of backdoor listing, and at the same time as the backdoor, the company is issued to refinance. Backdoor listing is to first acquire a company, and then issue **, and then put the assets into this shell after raising funds in the market.

But the question is, what should I do if I can't send it out after the company's acquisition is completed? Therefore, the APO has transformed the backdoor listing, and at the same time as acquiring the company, it will directly issue the first public offering, immediately raise the money, and then put the assets in. This is an alternative form of public listing, so it is called an alternative public listing.

This form has certain requirements for the assets or businesses that are injected or incorporated into the shell of the listed company. There are currently three or five very successful cases in China. The regulators are more strict in this form, and they think there are a lot of loopholes in it.

APO does not need all kinds of cumbersome procedures, just to complete the acquisition, but the IPO is step-by-step, for example, in terms of time, APO can shorten the time by nearly half can be summarized in this way APO and IPO:

1: The time-to-market of APO operations is short.

2: APO listing success***.

3: The cost of APO listing is low [IPO fees are generally more than $1.2 million (plus about 8% underwriter commission), while APOs generally do not exceed $1 million (depending on the type of shell). 】

4: Once the IPO company is listed, it will be able to obtain funds immediately; The APO will be promoted after the merger and carry out a secondary issuance (additional issuance of new shares or allotment) in order to raise funds. Wait a minute.

The indicator does not seem to be there.

However, there is an abbreviation for the first vote in the U.S. stock market, which is APO, Apollo Global Management, and Blackstone, KKR, which are the same kind of companies.

Or you want to say an IPO.

If you don't understand, you can continue to ask me.

**There is no IPO as an indicator, only an IPO, but it is not an indicator, it means to issue new shares.

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