北交所申请ipo条件

North Exchange IPO Application Conditions

1. Capital Requirements

Companies applying for IPO on the North Exchange are required to have a certain amount of registered capital and net assets. This is to ensure that the companies have sufficient strength for IPO and can bear the...

2. Regulatory Oversight

In order to tighten market access, regulatory authorities have enhanced the quality requirements for listed companies. This will likely lead to a reduction in the number of IPOs and financing scale in the future.

3. Market Value and Financial Indicators

According to the rules for listing on the Beijing Securities Exchange (trial implementation draft), the market value and financial indicators of the issuer should meet certain requirements.

4. IPO Listing Process

The IPO listing process on the North Exchange is similar to that of the A-share market and consists of four stages: financial advisory stage, due diligence stage, listing committee review stage, and issuance and listing stage.

5. Preparing for IPO

Before applying for IPO, companies need to make necessary preparations, including financial rectification and document preparation. This is to ensure compliance with the requirements of the North Exchange.

6. Clearing Regulatory Hurdles

Meeting the financial indicators alone is not sufficient for IPO on the North Exchange. There are additional regulatory hurdles that companies need to clear, which include meeting the requirements of the regulatory authorities and passing the review process.

7. R&D Investment and Market Value

For companies planning to apply for IPO on the North Exchange, a minimum R&D investment of 50 million yuan over the past two years and a market value of at least 1.5 billion yuan are required.

8. Positive Outlook for North Exchange IPO

Despite the overall expected reduction in IPO scale in 2024, the North Exchange is still viewed favorably by the market. This is attributed to the potential introduction of the direct IPO system, industry support policies, and government support for private enterprises.

Overall, the North Exchange has set strict conditions for IPO applications, including capital requirements, regulatory oversight, financial indicators, and a comprehensive IPO listing process. As the IPO market evolves, it is important for companies to understand and meet these conditions in order to successfully apply for IPO on the North Exchange.