Internet Co Is Not Excited About Gem: NASDAQ Is Still The First Choice.
Although the lower threshold of gem is conducive to the expansion of small and medium-sized companies through financing, but for many small and medium-sized Internet companies with foreign investment background, NASDAQ and Hongkong stock exchange are still the preferred places for these companies to list in the future.
Since March 21st, the SFC has been soliciting opinions on GEM, the gem has become the focus of attention. However, the upsurge of the gem has not started to boom in the Internet area, which is known for its high-tech concept.
"The launch of China's growth enterprise market has made a choice for Youku's future listing, but this is not the focus of our current concern." CEO, one of the largest video sharing websites in China, says Gu Yongqiang.
At present, Sina led portals, Royal led online game vendors, search engine Baidu and Alibaba as representatives of e-commerce and other enterprises have been listed successfully in the US or Hongkong stock exchange, while the rest of the second tier small and medium sized Internet Co are rushing to "earn their living".
Gu Yongqiang's attitude is the mainstream idea of the second tier Internet companies. Even though the threshold has been lowered, the domestic gem is not enough attractive for most of the Internet companies.
According to Gu Yongqiang, the revenue of Youku will reach more than 100 million yuan next year, which has fully met the financial requirements of the gem. However, Gu Yongqiang believes that the focus of the company's development is still to expand its scale and strengthen its market share.
Ren HDA, vice president of the main network game Shanghai mally tour Digital Entertainment Limited, told the Morning Post reporter that the future IPO (initial public offering) must be one of the development plans of the company, but the gem is not the focus of its attention.
Coincidentally, last year's total trading volume has exceeded 600 million yuan fence CEO Zhang Guohua's attitude is that all the financial indicators of the fence have reached the requirements of landing the domestic gem, but at present, fence net has no intention of landing the gem.
"Compared with the way of listing fund-raising, the fence now hopes to raise funds through non-public ways to expand the scale of development." Zhang Guohua said.
Li Song, the chairman of China's biggest dating website, said that he hopes to implement the listing plan in the next two years. However, like most Internet companies, the first choice of the market is still NASDAQ.
A well-known venture capital firm partner told the Morning Post reporter that although the lower threshold of gem is conducive to the expansion of small and medium-sized companies through financing, but for many small and medium-sized Internet companies with foreign investment background, NASDAQ and Hongkong stock exchange are still the preferred places for these companies to list in the future.
"Compared with the main board market, the" gem "is smaller, and the strength of the enterprises listed on the gem is relatively general. Therefore, for investors, the corresponding rate of return will be reduced, and the listing of the domestic market must be approved by the SFC. The process is more complicated, including the exit mechanism after the listing, and the uncertainty is greater. The source said that at present, overseas venture capital still chooses NASDAQ as the main exit channel.
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