定义： 直接公开发行（DPO）是一种公司股票公开交易但无需投资银行承销的上市方式。公司通过直接上市在市场上交易现有股份，无需在上市前筹集新资金。
特点：
<ul>
<li>无承销商： 公司放弃了承销商提供的安全网，上市过程更快且成本更低。</li>
<li>市场驱动： 开盘价由市场需求决定，上市后无锁定期，早期投资者可以随时出售股份。</li>
</ul>
DPO vs IPO：
<ul>
<li>DPO： 没有承销商，上市过程简化，费用较低，市场驱动价格。</li>
<li>IPO： 有承销商，过程复杂且成本高，股票价格和发行过程由承销商管理。</li>
</ul>

Definition: Direct Publishing (DPO) is a way for a company’s stock to be publicly traded without an Investment Bank underwriting. The company trades its existing stock on the market through DPO Direct Listing without raising new funds before going public.
Features:
<ul>
<li>No underwriters: Companies give up the safety net provided by underwriters, and the listing process is faster and cheaper.</li>
<li>Market-driven: The opening price is determined by market demand, and there is no lock-up period after listing. Early investors can sell stocks at any time.</li>
</ul>
DPO vs IPO：
<ul>
<li>DPO: No underwriters, streamlined listing process, lower fees, market-driven pricing.</li>
<li>IPO: There are underwriters, the process is complex and costly, and the stock price and publishing process are managed by the underwriters.</li>
</ul>

什么是直接上市（DPO）？

联系我们

公司与团队

BiyaPay产品

用户服务

资源