Corporate restructuring for IPO generally has three stages. The first is pre-listing preparation, second, IPO application,and third, public offering. Among the three stages, pre-listing preparation is extremely important. From a certain perspective, it is the key to successful IPO.
Decision-makers, especially the controlling shareholder, shall have determination and confidence in IPO provided that the company is well developed in all aspects with steady growth in performance and the industry is also in sound development. The firm determination and full confidence of the management and decision-makers is the fundamental guarantee for successful IPO.