http://www.askventure.com Venture capital funding, IPO, blog, preferred stock financing, calculate pre-money valuation, liquidation preference, free term sheet cap table sample download Wed, 01 Feb 2012 15:08:26 +0000 http://wordpress.org/?v=2.9.2 en hourly 1 http://www.askventure.com/financial-reporting-half-and-full-year-disclosure-and-reporting-compliance-requirements-of-listed-companies-on-the-hong-kong-stock-exchange-hkex/ http://www.askventure.com/financial-reporting-half-and-full-year-disclosure-and-reporting-compliance-requirements-of-listed-companies-on-the-hong-kong-stock-exchange-hkex/#comments Wed, 01 Feb 2012 15:08:26 +0000 AskVenture.com http://www.askventure.com/?p=375

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

Exercise price of share option under a share option scheme of a Hong Kong listed company This article sets out the basis of determination of the exercise price of share options to be granted under a share option scheme of a company listed on The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange). Hong Kong Listing Rules If the shares of a company is listed on the Hong Kong Stock Exchange, [...]...

]]> http://www.askventure.com/financial-reporting-half-and-full-year-disclosure-and-reporting-compliance-requirements-of-listed-companies-on-the-hong-kong-stock-exchange-hkex/feed/ 0 http://www.askventure.com/top-10-ipo-equity-funds-raised-on-global-stock-exchanges-in-2011/ http://www.askventure.com/top-10-ipo-equity-funds-raised-on-global-stock-exchanges-in-2011/#comments Tue, 24 Jan 2012 04:48:39 +0000 AskVenture.com http://www.askventure.com/?p=358

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Hong Kong IPO – A list of acceptable overseas jurisdictions The Hong Kong Stock Exchange has formally ruled that the following overseas jurisdictions are acceptable as an issuer’s place of incorporation. Australia Bermuda Brazil British Virgin Islands Canada – Alberta Canada – British Columbia Canada – Ontario Cayman Islands Cyprus France Germany Guernsey Isle of Man Italy Japan Jersey Luxmbourg People’s Republic of China Singapore United Kingdom United States of American – California, State of As a general note, Cayman Islands, Hong Kong and the PRC are [...]...

Financial Reporting (Half and Full Year) Disclosure and Reporting Compliance Requirements of Listed Companies on the Hong Kong Stock Exchange (HKEx) Listed companies on the Hong Kong Stock Exchange (HKEx) are subject to certain financial reporting and disclosure compliance requirements under the Hong Kong Listing Rules. This article sets out briefly what these requirements are. Distribution of annual report and accounts Preliminary Announcements of Results – Full Financial Year LR13.49(1): For annual accounting periods ending on or after 31 [...]...

]]> http://www.askventure.com/top-10-ipo-equity-funds-raised-on-global-stock-exchanges-in-2011/feed/ 0 http://www.askventure.com/christmas-ecard-and-best-wishes/ http://www.askventure.com/christmas-ecard-and-best-wishes/#comments Tue, 13 Dec 2011 13:37:19 +0000 AskVenture.com http://www.askventure.com/?p=324 http://www.askventure.com/christmas-ecard-and-best-wishes/feed/ 0 http://www.askventure.com/listing-by-introduction-vs-ipo-global-offering-on-the-hong-kong-stock-exchange-hkse/ http://www.askventure.com/listing-by-introduction-vs-ipo-global-offering-on-the-hong-kong-stock-exchange-hkse/#comments Mon, 10 Oct 2011 02:49:03 +0000 AskVenture.com http://www.askventure.com/?p=319

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

Financial Reporting (Half and Full Year) Disclosure and Reporting Compliance Requirements of Listed Companies on the Hong Kong Stock Exchange (HKEx) Listed companies on the Hong Kong Stock Exchange (HKEx) are subject to certain financial reporting and disclosure compliance requirements under the Hong Kong Listing Rules. This article sets out briefly what these requirements are. Distribution of annual report and accounts Preliminary Announcements of Results – Full Financial Year LR13.49(1): For annual accounting periods ending on or after 31 [...]...

Exercise price of share option under a share option scheme of a Hong Kong listed company This article sets out the basis of determination of the exercise price of share options to be granted under a share option scheme of a company listed on The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange). Hong Kong Listing Rules If the shares of a company is listed on the Hong Kong Stock Exchange, [...]...

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Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Financial Reporting (Half and Full Year) Disclosure and Reporting Compliance Requirements of Listed Companies on the Hong Kong Stock Exchange (HKEx) Listed companies on the Hong Kong Stock Exchange (HKEx) are subject to certain financial reporting and disclosure compliance requirements under the Hong Kong Listing Rules. This article sets out briefly what these requirements are. Distribution of annual report and accounts Preliminary Announcements of Results – Full Financial Year LR13.49(1): For annual accounting periods ending on or after 31 [...]...

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

China to Launch Growth Enterprise Board on May 1, 2009 This article gives a legal review of the China Securities Regulatory Commission’s (CSRC) (中国证监会) announcement on March 31, 2009 regarding the launch of China’s growth enterprise board (创业板) on May 1, 2009. On March 31, 2009, the CSRC issued the “Provisional Regulations on IPO and Listing on the Growth Enterprise Market” 《首次公开发行股票并在创业板上市管理暂行办法》 regarding the launch of [...]...

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Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Top 10 IPO Equity Funds Raised on Global Stock Exchanges in 2011 I would like to give you some interesting statistics of 2011 in this article. As most of you know, I specialize in IPO on the Hong Kong Stock Exchange (along with other equity and debt offerings, mergers and acquisitions and private equity transactions). Statistics on capital markets and market conditions are important to me. Here, I [...]...

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

]]> http://www.askventure.com/hong-kong-ipo-a-list-of-acceptable-overseas-jurisdictions/feed/ 0 http://www.askventure.com/hong-kong-ipo-listed-companies-minimum-public-float-requirement/ http://www.askventure.com/hong-kong-ipo-listed-companies-minimum-public-float-requirement/#comments Fri, 10 Jun 2011 16:32:36 +0000 AskVenture.com http://www.askventure.com/?p=297

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

Financial Reporting (Half and Full Year) Disclosure and Reporting Compliance Requirements of Listed Companies on the Hong Kong Stock Exchange (HKEx) Listed companies on the Hong Kong Stock Exchange (HKEx) are subject to certain financial reporting and disclosure compliance requirements under the Hong Kong Listing Rules. This article sets out briefly what these requirements are. Distribution of annual report and accounts Preliminary Announcements of Results – Full Financial Year LR13.49(1): For annual accounting periods ending on or after 31 [...]...

Exercise price of share option under a share option scheme of a Hong Kong listed company This article sets out the basis of determination of the exercise price of share options to be granted under a share option scheme of a company listed on The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange). Hong Kong Listing Rules If the shares of a company is listed on the Hong Kong Stock Exchange, [...]...

]]> http://www.askventure.com/hong-kong-ipo-listed-companies-minimum-public-float-requirement/feed/ 0 http://www.askventure.com/hong-kong-ipo-main-board-listing-requirements-criteria-profit-market-capitalisation-revenue-cash-flow-test/ http://www.askventure.com/hong-kong-ipo-main-board-listing-requirements-criteria-profit-market-capitalisation-revenue-cash-flow-test/#comments Thu, 09 Jun 2011 16:12:44 +0000 AskVenture.com http://www.askventure.com/?p=258

A review of the Hong Kong Stock Exchange and IPO market in the year of 2010 Now we’re in the middle of 2011. A lot of people wonder how did the Hong Kong IPO market perform in the year of 2010. Below I’ve extracted the section “The Year 2010 in Review” from HKEx’s factbook. It gives some intereting figures and statistics. The HKEx markets achieved a sustainable recovery in the second year [...]...

Financial Reporting (Half and Full Year) Disclosure and Reporting Compliance Requirements of Listed Companies on the Hong Kong Stock Exchange (HKEx) Listed companies on the Hong Kong Stock Exchange (HKEx) are subject to certain financial reporting and disclosure compliance requirements under the Hong Kong Listing Rules. This article sets out briefly what these requirements are. Distribution of annual report and accounts Preliminary Announcements of Results – Full Financial Year LR13.49(1): For annual accounting periods ending on or after 31 [...]...

Listing by introduction vs IPO global offering on the Hong Kong Stock Exchange (HKSE) This article aims to help you know more about what listing by introduction is, how a company gets listed on the Stock Exchange of Hong Kong (SEHK) by introduction, and what information to look for before buying shares of a company to be listed by introduction. What is listing by Introduction? Listing by introduction is one of [...]...

Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

China to Launch Growth Enterprise Board on May 1, 2009 This article gives a legal review of the China Securities Regulatory Commission’s (CSRC) (中国证监会) announcement on March 31, 2009 regarding the launch of China’s growth enterprise board (创业板) on May 1, 2009. On March 31, 2009, the CSRC issued the “Provisional Regulations on IPO and Listing on the Growth Enterprise Market” 《首次公开发行股票并在创业板上市管理暂行办法》 regarding the launch of [...]...

]]> http://www.askventure.com/hong-kong-ipo-main-board-listing-requirements-criteria-profit-market-capitalisation-revenue-cash-flow-test/feed/ 0 http://www.askventure.com/incorporation-of-a-hong-kong-company-limited-by-shares-as-a-special-purpose-vehicle-spv-or-holding-company/ http://www.askventure.com/incorporation-of-a-hong-kong-company-limited-by-shares-as-a-special-purpose-vehicle-spv-or-holding-company/#comments Wed, 20 Apr 2011 12:20:20 +0000 AskVenture.com http://www.askventure.com/?p=254

Exercise price of share option under a share option scheme of a Hong Kong listed company This article sets out the basis of determination of the exercise price of share options to be granted under a share option scheme of a company listed on The Stock Exchange of Hong Kong Limited (Hong Kong Stock Exchange). Hong Kong Listing Rules If the shares of a company is listed on the Hong Kong Stock Exchange, [...]...

Hong Kong IPO listed companies minimum public float requirement What is the minimum public float requirement of a Hong Kong listed company? At least 25% of the issuer’s total issued share capital must at all times be held by the public. Where the issuer has one class of securities or more, the total securities of the issuer held by the public at the time of [...]...

What are the requirements of capital contributions (registered and paid in capital) of a Chinese limited liability company? This article gives an overview of the equity structure of Chinese limited liability companies (有限责任公司). It highlights some of the salient issues regarding the requirements of registered capital (注册资本) and paid-in capital (实收资本). This article is in line with the most updated version of the Company Law of the People’s Republic of China《中华人民共和国公司法》as revised by [...]...

Hong Kong IPO main board listing requirements – profit / market / capitalisation / revenue / cash flow test I have represented underwriters and issuers in initial public offerings (IPO) in Hong Kong on many occasions. In this article, I give an overview of the key financial listing requirements in relation to listing on the main board of the Hong Kong Stock Exchange. A new listing applicant must satisfy either the profit test or the [...]...

Calculate pre-money valuation of startup company seeking venture capital funding Pre-money valuation – the basic concept The calculation of the pre-money valuation of a startup company seeking venture capital financing is as much a science as an art. It is a science because a lot of the calculations are based on scientific methods – the use of equations, formulas, comparators, etc. It is an art because [...]...

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Confidentiality agreement or NDA – return or destruction of confidential information Let’s talk about confidentiality agreement (aka non-disclosure agreement or NDA) in this post – specifically on the clause relating to return or destruction of confidential information. There may be a confidentiality clause in a term sheet, but in this post, we are focusing on NDAs. You will almost definitely see a clause relating to return or [...]...

What is a venture capital term sheet? Is a Series A term sheet binding? A term sheet is a document that summarizes the key terms of a proposed investment. It is sometimes called a letter of intent. Typically, a term sheet is not binding, except for confidentiality, exclusivity and expenses (or transaction fees). Exclusivity is sometimes called no-shop no-solicitation clause. Click here to download your free sample term sheet / letter [...]...

Download Sample Share Cap Table Template of a Venture Capital Term Sheet About this cap table This is exactly the kind of cap table that law firms or venture capitalists would use in a venture capital financing transaction. It shows you: 1. Capitalization of a company at founding (before preferred stock financing – Series A financing) 2. Capitalization of a company after preferred stock financing – Series A financing 3. Capitalization calculated both on [...]...

Pre-money, Post-money Valuation and Calculation in a Venture Capital Investment What is pre-money valuation and post-money valuation? The pre-money valuation of a company refers to the valuation of the company before an investor injects capital into the company. The post-money valuation of a company refers to the valuation of the company after an investor has injected capital into the company. Therefore, the post-money valuation of a [...]...

Download Sample Venture Capital Term Sheet / Letter of Intent Free Download your sample venture capital term sheet / letter of intent now.  Please note that this is a term sheet taken from the National Venture Capital Association. It does not constitute legal advice. If you have any doubt as to this term sheet, please consult your legal adviser or professional consultant. ...

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