An “initial public offering” is a private company’s first sale of its shares to the public for cash. These shares are typically sold through brokers or market makers in accordance with the terms established in a prospectus or registration statement that the company files with the applicable securities commission. Usually, once the initial public offering is completed, the company applies to be listed on a stock exchange or quotation system.

An alternative way of obtaining a stock exchange or quotation system listing is to file a prospectus or registration statement in order to allow existing shareholders of a private company to sell its shares to the public. These shares are then considered to be “free trading”, allowing the company to meet the listing requirements of the desired stock exchange or quotation system. Most stock exchanges and quotation systems require that listed companies have a minimum number of shareholders holding a minimum number of free trading shares.

“There are many different ways to go public. Based on your objectives, business structure and budget, we will be able to design the appropriate strategy for you to seek a public listing.”

- Dr. Jeff Yenyou Zheng, President