ECM
基本上就係你平時成日聽既ipo,同埋有d additional offer
hk ipo既話最大部分就係sponsor同underwriting
咁你要知道係香港上市係要搵一間licensed corp做間公司既sponsor,同hkex sfc申請上市
而sponsor既角色就係做due diligence同filing,證明比hkex sfc睇呢間公司既業務係真既
所以sponsor team既execution team好多時都會周圍走,睇下公司既operation,見下佢d customer supplier同管理層
最近令ubs好紅既中國森林就係因為ubs做sponsor但係就無去雲林睇樹
所以sfc捉佢insufficient due diligence done
之後sponsor就會同公司入a1 application (main board; GEM叫5a),之後就答下hkex sfc既問,之後再過埋listing committee (港交所涉貪前高層eugene睇個個
) hearing,咁間公司就有權係hkex(正式其實係hkse,hkex只係個group)掛牌上市
但係有權上市唔代表你會上到市,因為人地比你係hkse trade唔代表你d股票有人買
有決心做ipo(行外人好多覺得ipo team最威威
)唔該查下最近信義能源
所以過左hearing就到underwriting team正式入場
hkipo d股票有hk offering(比散戶抽)同international offering(比blackrock個類機構投資者)
而underwriting班人最主要就係搞roadshow幫公司搵institutional investor買international offering
而underwriting commission會有1-3% even 4-5%(if 係垃圾
)好好搵
賣完飛上左市就仲有compliance advisor,呢個唔講因為大行唔會做
詳情可以參考抄左車既百威