{"id":67443,"date":"2024-04-10T16:02:37","date_gmt":"2024-04-10T07:02:37","guid":{"rendered":"https:\/\/monolith.law\/zh-tw\/?p=67443"},"modified":"2024-04-28T21:55:34","modified_gmt":"2024-04-28T12:55:34","slug":"exit-by-ipo-m-and-a","status":"publish","type":"post","link":"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a","title":{"rendered":"\u900f\u904eIPO\u8207M&amp;A\u5be6\u73feEXIT\u7684\u65b9\u6cd5"},"content":{"rendered":"\n<p>\u5c0d\u65bc\u5275\u696d\u8005\u548c\u6295\u8cc7\u65bc\u5275\u696d\u516c\u53f8\u7b49\u80a1\u4efd\u6709\u9650\u516c\u53f8\u7684\u6295\u8cc7\u8005\u4f86\u8aaa\uff0c\u4ed6\u5011\u7684\u884c\u52d5\u76ee\u6a19\u90fd\u662f\u70ba\u4e86\u7372\u53d6\u5229\u76ca\u3002\u7136\u800c\uff0c\u7372\u53d6\u5229\u76ca\u7684\u65b9\u6cd5\u4e26\u975e\u53ea\u6709\u4e00\u7a2e\uff0c\u800c\u662f\u6709\u8a31\u591a\u4e0d\u540c\u7684\u65b9\u5f0f\u53ef\u4ee5\u8003\u616e\u3002\u56e0\u6b64\uff0c\u672c\u6587\u5c07\u4ecb\u7d39\u5275\u696d\u516c\u53f8\u7b49\u7684\u5275\u696d\u8005\u548c\u6295\u8cc7\u8005\u7372\u53d6\u5229\u76ca\u7684\u4e3b\u8981\u65b9\u5f0f\uff0c\u5373\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u548c\u4f75\u8cfc\uff08M&amp;A\uff09\u4f86\u5be6\u73fe\u9000\u51fa\uff08EXIT\uff09\u7684\u65b9\u6cd5\u3002<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_53 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#EXIT%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\" title=\"EXIT\u662f\u4ec0\u9ebc\uff1f\">EXIT\u662f\u4ec0\u9ebc\uff1f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%80%E5%87%BA%EF%BC%88EXIT%EF%BC%89%E7%9A%84%E6%96%B9%E5%BC%8F\" title=\"\u9000\u51fa\uff08EXIT\uff09\u7684\u65b9\u5f0f\">\u9000\u51fa\uff08EXIT\uff09\u7684\u65b9\u5f0f<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA\" title=\"\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\">\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E4%BB%80%E9%BA%BC%E6%98%AF%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89\" title=\"\u4ec0\u9ebc\u662f\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\">\u4ec0\u9ebc\u662f\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E6%A9%9F%E5%88%B6\" title=\"\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u6a5f\u5236\">\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u6a5f\u5236<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E5%84%AA%E9%BB%9E\" title=\"\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u512a\u9ede\">\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u512a\u9ede<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E7%BC%BA%E9%BB%9E\" title=\"\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u7f3a\u9ede\">\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u7f3a\u9ede<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E9%80%8F%E9%81%8EM_A%E5%AF%A6%E7%8F%BEEXIT\" title=\"\u900f\u904eM&amp;A\u5be6\u73feEXIT\">\u900f\u904eM&amp;A\u5be6\u73feEXIT<\/a><ul class='ez-toc-list-level-3'><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E4%BB%80%E9%BA%BC%E6%98%AFM_A\" title=\"\u4ec0\u9ebc\u662fM&amp;A\">\u4ec0\u9ebc\u662fM&amp;A<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E6%A9%9F%E5%88%B6\" title=\"M&amp;A\u5be6\u73feEXIT\u7684\u6a5f\u5236\">M&amp;A\u5be6\u73feEXIT\u7684\u6a5f\u5236<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-11\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E5%84%AA%E9%BB%9E\" title=\"M&amp;A\u5be6\u73feEXIT\u7684\u512a\u9ede\">M&amp;A\u5be6\u73feEXIT\u7684\u512a\u9ede<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-12\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E7%BC%BA%E9%BB%9E\" title=\"M&amp;A\u5be6\u73feEXIT\u7684\u7f3a\u9ede\">M&amp;A\u5be6\u73feEXIT\u7684\u7f3a\u9ede<\/a><\/li><\/ul><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-13\" href=\"https:\/\/monolith.law\/zh-tw\/general-corporate\/exit-by-ipo-m-and-a\/#%E7%B8%BD%E7%B5%90\" title=\"\u7e3d\u7d50\">\u7e3d\u7d50<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"EXIT%E6%98%AF%E4%BB%80%E9%BA%BC%EF%BC%9F\"><\/span>EXIT\u662f\u4ec0\u9ebc\uff1f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>EXIT\u662f\u4e00\u500b\u5728\u5275\u696d\u548c\u4f01\u696d\u91cd\u7d44\u4e2d\u5e38\u7528\u7684\u6982\u5ff5\uff0c\u6307\u7684\u662f\u5275\u696d\u8005\u3001\u6295\u8cc7\u57fa\u91d1\u6216\u98a8\u96aa\u6295\u8cc7\u516c\u53f8\uff08VC\uff09\u7b49\u6295\u8cc7\u8005\uff0c\u901a\u904e\u51fa\u552e\u80a1\u7968\u6216\u9032\u884c\u4f75\u8cfc\uff08M&amp;A\uff09\u4f86\u56de\u6536\u6295\u8cc7\u8cc7\u672c\uff0c\u9032\u800c\u7372\u53d6\u5229\u6f64\u3002\u7c21\u55ae\u4f86\u8aaa\uff0c\u5c31\u662f\u5275\u696d\u8005\u548c\u6295\u8cc7\u8005\u901a\u904e\u5c0d\u5275\u696d\u516c\u53f8\u7b49\u9032\u884c\u6295\u8cc7\uff0c\u5f9e\u800c\u7372\u53d6\u5229\u6f64\u3002\u6b64\u5916\uff0cEXIT\u4e5f\u6709\u88ab\u7a31\u70ba\u6536\u7a6b\uff0c\u5373Harvesting\u7684\u610f\u601d\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%80%E5%87%BA%EF%BC%88EXIT%EF%BC%89%E7%9A%84%E6%96%B9%E5%BC%8F\"><\/span>\u9000\u51fa\uff08EXIT\uff09\u7684\u65b9\u5f0f<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9000\u51fa\uff08EXIT\uff09\u7684\u65b9\u5f0f\u5927\u81f4\u4e0a\u53ef\u4ee5\u5206\u70ba\u4ee5\u4e0b\u5169\u7a2e\uff1a<\/p>\n\n\n\n<ul>\n<li>\u900f\u904e\u80a1\u7968\u4e0a\u5e02\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa<\/li>\n\n\n\n<li>\u900f\u904e\u4f75\u8cfc\uff08M&amp;A\uff09\u5be6\u73fe\u9000\u51fa<\/li>\n<\/ul>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA\"><\/span>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u662f\u4e00\u7a2e\u53ef\u884c\u7684\u9000\u51fa\u65b9\u5f0f\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E9%BA%BC%E6%98%AF%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89\"><\/span>\u4ec0\u9ebc\u662f\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith-law.jp\/wp-content\/uploads\/2020\/02\/shutterstock_318368702-1024x683.jpg\" alt=\"\" class=\"wp-image-7173\" \/><figcaption class=\"wp-element-caption\">\u672c\u6240\u5c07\u89e3\u91cb\u900f\u904eIPO\u5be6\u73fe\u9000\u51fa\u7684\u904e\u7a0b\u3002<\/figcaption><\/figure>\n\n\n\n<p>IPO\u662finitial public offering\u7684\u7e2e\u5beb\uff0c\u4e5f\u88ab\u7a31\u70ba\u4e0a\u5e02\u3001\u516c\u958b\u767c\u884c\u3001\u65b0\u80a1\u767c\u884c\u7b49\uff0c\u6307\u7684\u662f\u5c07\u80a1\u7968\u5728\u8b49\u5238\u4ea4\u6613\u6240\u4e0a\u5e02\uff0c\u4f7f\u5f97\u80a1\u7968\u516c\u958b\u767c\u884c\uff0c\u4efb\u4f55\u4eba\u90fd\u53ef\u4ee5\u627f\u63a5\u80a1\u7968\u7684\u72c0\u614b\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith-law.jp\/blockchain\/comparison-ico-ipo\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith-law.jp\/blockchain\/comparison-ico-ipo[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E6%A9%9F%E5%88%B6\"><\/span>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u6a5f\u5236<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u9996\u5148\uff0c\u5f9e\u5275\u696d\u8005\u7684\u89d2\u5ea6\u4f86\u770b\u3002\u5275\u696d\u8005\u901a\u5e38\u6301\u6709\u8a72\u516c\u53f8\u7684\u5927\u90e8\u5206\u80a1\u4efd\u3002\u9032\u884cIPO\u5f8c\uff0c\u80a1\u7968\u50f9\u503c\u901a\u5e38\u6703\u7acb\u5373\u4e0a\u5347\u3002\u56e0\u6b64\uff0c\u5275\u696d\u8005\u53ef\u4ee5\u5c07\u81ea\u5df1\u6301\u6709\u7684\u80a1\u7968\u5728IPO\u5f8c\u7684\u9ad8\u50f9\u51fa\u552e\uff0c\u5f9e\u800c\u7372\u5f97\u5229\u6f64\u3002\u63a5\u8457\uff0c\u5f9e\u98a8\u96aa\u6295\u8cc7\u8005\u7684\u89d2\u5ea6\u4f86\u770b\u3002<\/p>\n\n\n\n<p>\u9996\u5148\uff0c\u98a8\u96aa\u6295\u8cc7\u8005\u6703\u6839\u64da\u5275\u696d\u516c\u53f8\u7684\u696d\u52d9\u5167\u5bb9\u7b49\u4f86\u5224\u65b7\u8a72\u516c\u53f8\u662f\u5426\u6709\u672a\u4f86\u7684\u6210\u9577\u6f5b\u529b\u3002\u5982\u679c\u5224\u65b7\u8a72\u516c\u53f8\u6709\u672a\u4f86\u7684\u6210\u9577\u6f5b\u529b\uff0c\u5247\u6703\u5c0d\u8a72\u5275\u696d\u516c\u53f8\u9032\u884c\u6295\u8cc7\uff0c\u4e26\u627f\u63a5\u80a1\u7968\u3002\u5728\u9019\u500b\u968e\u6bb5\uff0c\u7531\u65bc\u516c\u53f8\u9084\u5728\u6210\u9577\u968e\u6bb5\uff0c\u98a8\u96aa\u6295\u8cc7\u8005\u53ef\u4ee5\u4ee5\u76f8\u5c0d\u8f03\u4f4e\u7684\u50f9\u683c\u627f\u63a5\u80a1\u7968\u3002\u7136\u5f8c\uff0c\u4ed6\u5011\u53ef\u80fd\u6703\u5411\u5275\u696d\u516c\u53f8\u7684\u7ba1\u7406\u5c64\u63d0\u4f9b\u8aee\u8a62\u7b49\u652f\u63f4\uff0c\u4ee5\u671f\u5f85\u8a72\u5275\u696d\u516c\u53f8\u80fd\u5920\u5be6\u73feIPO\u3002\u9019\u6a23\uff0c\u98a8\u96aa\u6295\u8cc7\u8005\u5c31\u53ef\u4ee5\u5c07\u5728IPO\u524d\u4ee5\u76f8\u5c0d\u8f03\u4f4e\u7684\u50f9\u683c\u627f\u63a5\u7684\u80a1\u7968\uff0c\u5728IPO\u5f8c\u7684\u9ad8\u50f9\u51fa\u552e\uff0c\u5f9e\u800c\u7372\u5f97\u5229\u6f64\u3002\u900f\u904e\u9019\u7a2e\u6a5f\u5236\uff0c\u53ef\u4ee5\u900f\u904eIPO\u5be6\u73fe\u9000\u51fa\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E5%84%AA%E9%BB%9E\"><\/span>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u512a\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u4e00\u500b\u4e3b\u8981\u512a\u9ede\u662f\u6709\u53ef\u80fd\u7372\u5f97\u5927\u91cf\u5229\u6f64\u3002\u5982\u679c\u662f\u5275\u696d\u8005\uff0c\u4ed6\u5011\u901a\u5e38\u4ee5\u6975\u4f4e\u7684\u50f9\u683c\u627f\u63a5\u4e86\u5927\u91cf\u7684\u80a1\u7968\u3002\u5982\u679c\u662f\u98a8\u96aa\u6295\u8cc7\u8005\uff0c\u96d6\u7136\u5728\u5275\u696d\u516c\u53f8\u5373\u5c07IPO\u6642\u627f\u63a5\u80a1\u7968\u7684\u6295\u8cc7\u91d1\u984d\u53ef\u80fd\u8f03\u9ad8\uff0c\u4f46\u5982\u679c\u5728\u5275\u696d\u516c\u53f8\u525b\u5275\u7acb\u6642\u627f\u63a5\u80a1\u7968\uff0c\u5247\u53ef\u80fd\u4ee5\u975e\u5e38\u4f4e\u7684\u50f9\u683c\u627f\u63a5\u5927\u91cf\u7684\u80a1\u7968\u3002\u5982\u679c\u6700\u521d\u7684\u6295\u8cc7\u91d1\u984d\u8f03\u4f4e\uff0c\u5247\u901a\u904e\u51fa\u552e\u50f9\u503c\u4e0a\u5347\u7684\u80a1\u7968\uff0c\u6709\u53ef\u80fd\u7372\u5f97\u5927\u91cf\u7684\u5229\u6f64\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%8F%E9%81%8E%E9%A6%96%E6%AC%A1%E5%85%AC%E9%96%8B%E5%8B%9F%E8%82%A1%EF%BC%88IPO%EF%BC%89%E5%AF%A6%E7%8F%BE%E9%80%80%E5%87%BA%E7%9A%84%E7%BC%BA%E9%BB%9E\"><\/span>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u7f3a\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u4e00\u500b\u7f3a\u9ede\u662f\u53ef\u80fd\u7121\u6cd5\u5be6\u73fe\u9000\u51fa\u7684\u98a8\u96aa\u3002\u8981\u9032\u884cIPO\uff0c\u9700\u8981\u5c07\u5275\u696d\u516c\u53f8\u767c\u5c55\u5230\u80fd\u5920\u901a\u904e\u4e0a\u5e02\u5be9\u67e5\u7684\u72c0\u614b\uff0c\u4f46\u6709\u6642\u53ef\u80fd\u7121\u6cd5\u9054\u5230\u9019\u7a2e\u72c0\u614b\uff0c\u4e0d\u5f97\u4e0d\u653e\u68c4IPO\u3002\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u81ea\u7136\u7121\u6cd5\u900f\u904eIPO\u5be6\u73fe\u9000\u51fa\u4e26\u7372\u5f97\u5229\u6f64\u3002\u6b64\u5916\uff0c\u8981\u8b93\u5275\u696d\u516c\u53f8\u5be6\u73feIPO\uff0c\u9700\u8981\u4ed8\u51fa\u5927\u91cf\u7684\u52aa\u529b\u3002\u9019\u7a2e\u9700\u8981\u4ed8\u51fa\u5927\u91cf\u52aa\u529b\u624d\u80fd\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u60c5\u6cc1\uff0c\u4e5f\u53ef\u4ee5\u8aaa\u662f\u900f\u904e\u9996\u6b21\u516c\u958b\u52df\u80a1\uff08IPO\uff09\u5be6\u73fe\u9000\u51fa\u7684\u4e00\u500b\u7f3a\u9ede\u3002<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E9%80%8F%E9%81%8EM_A%E5%AF%A6%E7%8F%BEEXIT\"><\/span>\u900f\u904eM&amp;A\u5be6\u73feEXIT<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/monolith-law.jp\/wp-content\/uploads\/2020\/02\/shutterstock_1413966269-1024x683.jpg\" alt=\"\" class=\"wp-image-7174\" \/><figcaption class=\"wp-element-caption\">\u63a5\u4e0b\u4f86\u672c\u6240\u5c07\u89e3\u91cb\u900f\u904eM&amp;A\u5be6\u73feEXIT\u7684\u65b9\u5f0f\u3002<\/figcaption><\/figure>\n\n\n\n<p>\u7b2c\u4e8c\u7a2e\u53ef\u8003\u616e\u7684\u65b9\u5f0f\u5c31\u662f\u900f\u904eM&amp;A\u5be6\u73feEXIT\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"%E4%BB%80%E9%BA%BC%E6%98%AFM_A\"><\/span>\u4ec0\u9ebc\u662fM&amp;A<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A\u662fMergers\uff08\u5408\u4f75\uff09\u548cAcquisitions\uff08\u6536\u8cfc\uff09\u7684\u7e2e\u5beb\uff0c\u6307\u7684\u662f\u4f01\u696d\u7684\u5408\u4f75\u548c\u6536\u8cfc\u3002\u6839\u64da\u4f7f\u7528\u7684\u60c5\u5883\uff0c\u6709\u6642\u5019\u4f01\u696d\u7684\u806f\u76df\u4e5f\u6703\u88ab\u5305\u542b\u5728M&amp;A\u7684\u6982\u5ff5\u4e2d\u3002<\/p>\n\n\n\n<p><a href=\"https:\/\/monolith-law.jp\/corporate\/merger-acquisition\" target=\"_blank\" rel=\"noreferrer noopener\">https:\/\/monolith-law.jp\/corporate\/merger-acquisition[ja]<\/a><\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E6%A9%9F%E5%88%B6\"><\/span>M&amp;A\u5be6\u73feEXIT\u7684\u6a5f\u5236<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A\u662f\u4e00\u7a2e\u900f\u904e\u51fa\u552e\u516c\u53f8\u6216\u516c\u53f8\u696d\u52d9\u4f86\u7372\u53d6\u5229\u6f64\u7684\u65b9\u5f0f\u3002\u5177\u9ad4\u4f86\u8aaa\uff0c\u7576\u516c\u53f8\u6210\u9577\u4e26\u63d0\u9ad8\u5176\u50f9\u503c\u5f8c\uff0c\u900f\u904e\u51fa\u552e\u516c\u53f8\u6216\u516c\u53f8\u696d\u52d9\uff0c\u53ef\u4ee5\u7372\u5f97\u5229\u6f64\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E5%84%AA%E9%BB%9E\"><\/span>M&amp;A\u5be6\u73feEXIT\u7684\u512a\u9ede<span class=\"ez-toc-section-end\"><\/span><\/h3>\n\n\n\n<p>M&amp;A\u7684\u512a\u9ede\u5728\u65bc\uff0c\u5373\u4f7f\u7121\u6cd5\u9054\u5230IPO\uff0c\u4e5f\u53ef\u4ee5\u5be6\u73feEXIT\u3002\u96d6\u7136\u516c\u53f8\u7684\u50f9\u503c\u53ef\u80fd\u5df2\u7d93\u63d0\u9ad8\uff0c\u4f46\u5f80\u5f80\u6709\u8a31\u591a\u60c5\u6cc1\u7121\u6cd5\u9054\u5230IPO\u3002\u5728\u9019\u7a2e\u60c5\u6cc1\u4e0b\uff0c\u53ef\u4ee5\u900f\u904eM&amp;A\u5be6\u73feEXIT\u4f86\u7372\u53d6\u5229\u6f64\u3002\u6b64\u5916\uff0c\u5c0d\u65bcVC\u7b49\u6295\u8cc7\u8005\u4f86\u8aaa\uff0c\u4ed6\u5011\u53ef\u4ee5\u78ba\u5b9a\u5730\u653e\u68c4\u80a1\u6b0a\uff0c\u56e0\u6b64\u53ef\u4ee5\u907f\u514d\u627e\u4e0d\u5230\u63a5\u6536\u80a1\u6b0a\u7684\u4eba\u7684\u98a8\u96aa\u3002<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"M_A%E5%AF%A6%E7%8F%BEEXIT%E7%9A%84%E7%BC%BA%E9%BB%9E\"><\/span>M&amp;A\u5be6\u73feEXIT\u7684\u7f3a\u9ede<span 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