#美国初请失业金人数 #中本聪代币 Domestic exchanges listed as an example of A-share IPO, the process is standardized and the steps are clear. The Shanghai Stock Exchange and Shenzhen Stock Exchange processes are basically consistent, as follows:

1. Preliminary preparation: Enterprises hire sponsoring institutions, law firms, accounting firms, and other intermediaries to complete the share reform, change the enterprise type to a joint-stock limited company, while improving internal control and corporate governance structure to lay the foundation for listing.

2. Listing guidance: After the sponsoring institution signs a guidance agreement with the enterprise, it submits the guidance filing to the local securities regulatory bureau, with the guidance period generally not less than three months. Upon completion of guidance, acceptance materials are submitted to obtain an acceptance completion letter, which is valid for twelve months.

3. Declaration acceptance: Enterprises and intermediaries prepare a prospectus and other declaration materials, which are submitted to the exchange in electronic document form after being approved by the sponsor's internal review. The exchange determines whether to accept it within 5 working days, and after acceptance, the enterprise must disclose the prospectus in advance.

4. Issuance review: The exchange issues the first round of review inquiries within 20 working days after acceptance, and the enterprise and sponsor must respond item by item. This process may involve multiple rounds of inquiries. After the review has no objections, a review report is issued and submitted to the listing committee, which holds a meeting to form review opinions.

5. CSRC registration: After the exchange's review is approved, the relevant materials are submitted to the CSRC. The CSRC makes a decision on approval or disapproval of registration within 20 working days, and the decision to approve registration is valid for one year from the date it is made.

6. Issuance and listing: The enterprise determines the issuance timing within the registration validity period, completes the roadshow, pricing, and stock issuance. Afterwards, the sponsoring institution submits the listing application documents as required, and after completing the relevant procedures, the listing date is determined. The day before listing, the listing announcement is disclosed, and on the day of listing, the stocks officially start trading. $BNB $恶俗企鹅