BEIJING, May 23 (Xinhua) -- Shanghai Stock Exchange (SSE) conducted recently a survey among its securities firm members to gauge the overall situations of companies intending to apply for initial public offerings (IPOs) on its main board and sci-tech innovation board this year, reported Xinhua Finance on Thursday.
SSE required the securities brokers to report the intended IPO applicants' basic information, IPO application details, financial statistics, and the regulatory risks and application obstacles that they face in applying for IPOs.
SSE surveyed the intended IPO applicants' basic information including their names, planned application dates, industries and sub-sectors, main products or services, intermediaries, and others such as information concerning their being red chips or not and their inclusion of stock option incentives in their IPO plans or not.
Regarding financial data, SSE mainly investigated these intended IPO applicants' annual revenues, net profits, net cash flows, expected market capitalization, and gross margin ranges in past three years and ranges of averages for gross margins of listed companies in the same industries in past three years.
For intended applicants that plan to go public on the sci-tech innovation board or STAR Market in 2024, SSE required its securities broker members to report a series of information such as their being unprofitable or not and the number of their authorized invention patent to reflect their STAR Market characteristics.
(Edited by Duan Jing with Xinhua Silk Road, duanjing@xinhua.org)
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