Why Dangdang Youku is only listed in the United States

The purpose of listing is to raise funds, as long as the money is raised, it makes no difference which market it is listed in... However, each market has different requirements for companies to go public. China's ** market is not yet familiar, and the requirements in all aspects are probably more than those in mature markets in the United States and other places.

Of course, if you raise money in the international market, you can't say that you can raise more money. Another benefit is to increase the company's popularity, and if you can make your brand go global, of course, it is what every entrepreneur wants.

Overseas listing may be for the following purposes:

1.The more money is raised, the corresponding listing cost will be much higher. Overseas listings generally require hiring well-known investment banks and brokerages such as Credit Suisse, Merrill Lynch, and Goldman Sachs, who will charge high commissions and underwriting fees.

2.Listed companies mainly serve customers in the United States, and listing in the United States is conducive to improving their corporate image and indicating that the company is in line with American standards.

3.After overseas listing, you can register a subsidiary of an overseas listed company on the backhand, and you can enjoy various preferential treatments for foreign-invested enterprises.

4.In many domestic science and technology parks, local governments have one-time rewards and multiple discounts for overseas listed companies, which are much more attractive than domestic listings.

Of course, due to the increasingly strict management of the United States, the cost of listing in the United States has increased year by year, with the merger of China's two taxes in 2008, the listing in the United States will be reduced, and more companies will turn to Japan, Europe ** listing financing.

With the current profitability of Dangdang Youku, which simply does not meet the conditions for listing in China, the registration system for listing on the NASDAQ in the United States is implemented, and it will pay more attention to the growth of the company, which is very suitable for such innovative and financing companies

Because there are no regulations on the conditions for domestic listing: three years must be profitable.

Dangdang only makes a profit for one year, and Youku does not make a profit. The United States does not have this condition.

The state does not allow this kind of shrimp stream or third-rate spicy chicken enterprises to fool the Chinese people in the country!

The latest issue of Caijing Langyan 2010 has explained that it is not what some of the above people said.

You'll know it when you look at it.

Domestic listings are not eligible.

China's capital market requires a record of continuous profitability for listing, at least three consecutive years of profitability, even for the Growth Enterprise Market (GEM). However, in overseas markets, such as the small market of the NASDAQ in the United States, it is different, and loss-making companies can also be listed, and the funds raised by the listing will also promote the enterprises relatively large. It is precisely because of this difference that Internet companies and portals are rarely listed in China, and are basically listed abroad, which is mainly due to the financing environment.

The emergence of this situation itself reflects the pace of development of high-tech companies by connecting with overseas markets.

There are many companies that have successfully listed overseas in China and have continued to do so until now, but there are also many companies that have failed to list or have been forced to delist in the end. Including NetEase, which everyone is familiar with now, was also on the verge of delisting back then, and its stock price was less than one dollar for a long time, and it faced great risks, but later NetEase's own performance improved and overcame this problem, otherwise it would have been delisted. In fact, there are not a few Chinese companies that have been delisted in the United States.

Overseas markets, as long as they can be sold, loss-making companies can also be listed, like Dangdang.com and Youku, which have not yet achieved profitability According to the company's ** Youku will be profitable next year.

The advantage of foreign listing should be in terms of financing, the market in the United States is larger, and there are fewer restrictions on financing, unlike domestic IPOs or other refinancing, which will be stopped when the first is not good, and there is no foreign listing At the same time, foreign listing helps to enhance the company's international influence and popularity.

For the company itself, it should be the best time for the company to go public, which tends to get a higher premium.

Making money in foreign countries is the real skill Chinese all go to earn foreign money.

Why don't you go and fight the Japanese devils, but your own people?