Kuchengetedzeka prospectus - nayo ... Definition, Description, zvinokonzera njodzi uye vanorumbidza

kambani imwe neimwe okudenha kuchengetedzeka, asi pane vakawanda nuances basa iri. Mune zvimwe zviitiko, kutanga uye mamwe nyaya zvinoda vaigadzirira kubatanidzwa Chishandiso - vakanyorwa mugove. Kufamba zvikonzero vaigadzirira Gwaro ichi, zvakakosha kunzwisisa kuti kuchengetedzeka prospectus - a fanira chizenga pamusoro mugove nyaya, kana kana kunokudziridzwa chete mune zvimwe zviitiko.

Kudiwa zvokuswedera kukwira prospectus

Kuti tinzwisise zviri nani kugadzwa pasi kukurukurwa prospectus vanofanira kutsanangura ayo pfungwa. Prospectus pakati kuchengetedzeka - gwaro rinokosha iro kuitwawo nyaya migove ari sangano uye rinopa mashoko pamusoro issuer, uye ruzivo pamusoro zvinokosha zvacho kwayo kushanda: zvemari chinzvimbo, mashoko nhau, shareholders, etc ...

Gwaro iri kunodiwa kuti mvumo murwiyo okutanga vanhu boka kana nevarikutonga mutumbi sangano, takaberekwa tine kodzero iyi. . Uyezve, unogona audited, vaipupurirwa appraiser yemari kana chaiyo consultant pamusoro kuchengetedzeka.

Sezvo prospectus kunosanganisira kumbonyanya zvakawanda namatombo-siyana zvinoumba wekambani, zviri mubereko rose-siyana nyaya dzemari. Zvinofanira kucherechedzwa kuti kambani pachayo anovandudza kuchengetedzeka prospectus, mharidzo iyo nesimba-varumbidzwa fomu vasipo.

The chikuru chinodiwa - ndiye nechekuita mukugarisana vose zvakafanira mashoko, inosidzikwa munzvimbo inoratidza kuburitsa mitemo issuers ose kuchengetedzeka makambani ari.

ndiye Avenue Who

Sezvambotaurwa, mashoko ari prospectus, uye rinofumura zvemari uye zvoupfumi mabasa sangano, zvichava zvinokosha uwandu vatambi vari pamusika.

Sezvo prospectus rine ruzivo pamusoro chokupika boka uye zvikonzero nei nyaya migove, zviri anonyanya kufarira nokuda shareholders. Other wekuongorora - vanoita, izvo, inobva nemashoko, acharonga chisarudzo kutenga mugove.

. Zvinofanira kucherechedzwa kuti mashoko ose kumusika vechikamu kutaurwa prospectus inofanira zviwanikwe pamberi kusunungurwa kuchaitika.

Kuchengetedzeka uye achine

Racho kuchengetedzeka achivaratidza kambani anofanira hazvo aenzane imwe nzira chiito nezvaro mutemo inodzora pamusika kufamba pamusoro kuchengetedzeka. Akati nzira inosanganisira tsoka:

• Chisarudzo chinangwa kuti ape mugove;
• Nokubvumira chisarudzo;
• State vanyorwa nzira;
• Kugadzirwa zvitupa nokuda kuchengetedzeka rakapa;
• pokugara;
• kunyoresa pedyo paruzhinji muviri somugumisiro nokubudiswa mushumo.

. Nekurangarira wemari nyaya muviri paruzhinji achipfeka kuribvumira kune runoenzanirana nhamba izvo aizofanira kutora chikamu mune chero nekutambira akavhiyiwa nekanzuru kuchengetedzeka.

Options nokuti placement pamusoro kuchengetedzeka

Zvinangwa mugove nyaya dziri: kusikwa nekambani guru, nemari, kuwana mari uye zvichingodaro.

Kana nyaya migove yaiitirwa muchimiro private placement, asi kunonzi private, zvino pakadai haana pachena ziviso yacho muitiro. . Rakapa migove achaiswa dzinounzwa kuti namahwindo denderedzwa vanhu.

Chimwe musiyano pakati kuparadzirwa kuchengetedzeka - pachena chipiriso pakati risingaperi denderedzwa vanhu. Kana zvakadaro zvinoda kunonyanyisa kuburitsa, izvo zvinoratidzwa prospectus. Zvinonzi mune musiyano uyu kupararira kunoda mamiriro vanyorwa kuchengetedzeka prospectus. On ichi uye huchakurukurwa.

Register kuti vakanyoresa mugove

Kunyoresa kuchengetedzeka (prospectus) zvinodiwa nevoruzhinji placement yavo. Nzira iyi nyaya dzakawanda, kusanganisira vachishandisa hunde exchanges.

Kuitwa zviri prospectus nhengo muviri zvinotevera nyaya:

1. Kana kuwanda shareholders kupfuura vanhu 500.
2. Mari anogoverana pakati shareholders kuti kupfuudza 50 zviuru. SMIC.
3. The migove achaitwa vakagovera pakati shareholders.
4. Zvinofungirwa kutendeutsa migove uye voruzhinji chinopiswa.
5. In pamberi namahwindo chipeto, asi kana nhamba vanhu kubva pakati shareholders kukasapfuura vanhu mazana mashanu.

A voruzhinji sangano anogona kugamuchira mhedziso rokusunungura, uye ipapo vanyorwa prospectus pakati kuchengetedzeka nyaya zvakare kucharambwa. . The chikonzero kuramba kungava kukundikana kutevedza zvinodiwa issuer panyaya nemitemo mutemo uye kuparadzirwa kuchengetedzeka, kushayikwa kuripwa zvinoshanda kwemitero, ukama, pakati pezvimwe zvinhu, pamwe nyaya, mashoko enhema kana enhema inopiwa kwamuri maererano issuer pachayo.

Saka kure, sangano haina kunyoreswa uye havana kugamuchira chisarudzo chakanaka kubva kuMudzidzisi simba, ndiko wakarambidzwa kuita chero mabasa chokuita kuchengetedzeka.

The zviri kutaurwa mashoko ari prospectus

Sepakutanga kunotsanangurwa kuti prospectus ose kuchengetedzeka - ndiro gwaro, iro riri kugadzirwa issuer uye rine zvinokosha ruzivo pamusoro zvoupfumi basa uye kubudirira yaro kambani.

In Kana apo chiito rakabudiswa chipeto kana zvimwe voruzhinji nenzira kuburitsa chinhu chinodiwa. . Zvinofanira kucherechedzwa kuti kwete chete veruzhinji, asiwo private chipeto nzira zvingasanganisira vanyorwa prospectus, kana vanoita ari zviitiko pamusoro apa.

Nzira dzokukurukurirana mashoko akasiyana, asi kwete ari bhuku iri anodhinda magazini pamwe hombe kupararira kwete asingasviki 10 zviuru makopi. Izvi ichokwadi kuti ruzhinji chipeto. To nokunyora magwaro chine gedhi kuparadzirwa hakufaniri copies chiuru.

Kana kuzivisa mashoko anofanira kuvapo mashoko ari akadzika kambani, uwandu guru mvumo, mari (chezita) pamusoro kuchengeteka uye zvimwe zvinokosha Data chokuita nyaya iri. Uyezve, nechokwadi tsananguro pakuonekwa kunotichengetedza unonyatsoratidza gwaro.

Secondary mugove nyaya uye nyaya prospectus

Vose zvepuraimari uye apiwa issuance ose migove kunoda kuchengetwa zvose Maitiro dzemunharaunda. Kana nyaya yechipiri pane migove ndiyo pasi zvinhu pasi izvo hazvo zvinofanira kuva pachena Kuziviswa kwemashoko, ipapo kuchengetedzeka prospectus - zviri zvakare gwaro iri pasi kugadzirira uye kunyoresa.

Bank sezvo issuer ari kuchengetedzeka

Banking sangano, somumwe mabhizimisi sangano mhando vadyi kudanda, nyaya migove kuti zvakafanorongwa nokuda kwayo uridzi. General mitemo nyaya kuchengetedzeka takatsunga ne mitemo munzvimbo iyi, asi pane zvimwe zvinhu.

Chekutanga, zvinofanira nyaya migove hunodzorwa vanoverengeka mitemo kushandiswa uye mirau yoashandisa rokutengesa mabhanga. Saka, mirayiridzo yacho Central Bank, raikura mitemo kuchengetedzeka, issuers zvacho yezvokutengeserana mabhanga nayo anosarudza nyaya chete zvinotevera nyaya: apo sangano kubhangi wacho, mukanyanyisa mugove guru uye nokuda kukwezva pfuma itsva zvemari.

The chikuru nenyaya migove kunoitika chete mu namahwindo denderedzwa. . Chero kuchengetedzeka kuti nekanzuru Bank inofanira kuverengwa iri Central Bank.

Kufanana nevamwe issuers pakati kuchengetedzeka, mbiri tsika sezvarayirwa nzendo nyaya uye anofanira kugadzira prospectus pakati kuchengetedzeka ose kubhengi. Disclosures - somunhu fanira chinodiwa. Uyezve, gwaro iri dzinofanira kudzokororwa uye kweBhaibheri nokuda yakazvimirira odhita zvakasimba.

zvinokonzera njodzi

Pasinei zvose zvakanakira Prospectus ichi, pane zvimwe zvaimunetsa, izvo zvinogona kukamurwa mapoka akawanda. Vari pasi apa:

• indasitiri ngozi;
• mamiriro uye zvenharaunda njodzi;
• njodzi zvemari;
• pamutemo njodzi;
• ngozi yokurasikirwa dzebhizimisi mukurumbira (reputational ngozi) ;
• Strategic njodzi;
• pangozi chokuita issuer racho;
• rwezvemabhengi ngozi.

mhedziso

Ose kambani yavo muchimiro dzidzo kunosanganisira nyaya migove vanofanira kutevedza Maitiro mitemo munzvimbo iyi yebasa.

Kuchengetedzeka prospectus - ndeimwe fanira zvinyorwa kuti achibudisa kambani inofanira vakanyorwa pachena mumuviri kana nyaya migove zvichaita dzinoenderana zvinodiwa kuti ruzhinji kuburitsa.