{"id":30247,"date":"2023-12-07T09:05:41","date_gmt":"2023-12-07T09:05:41","guid":{"rendered":"https:\/\/masterskills.org\/blog\/su-kien-tao-tinh-thanh-khoan-liquidity-event-la-gi.html"},"modified":"2023-12-23T06:12:30","modified_gmt":"2023-12-22T23:12:30","slug":"su-kien-tao-tinh-thanh-khoan-liquidity-event-la-gi","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/su-kien-tao-tinh-thanh-khoan-liquidity-event-la-gi.html","title":{"rendered":"S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n (Liquidity Event) l\u00e0 g\u00ec?"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: www.firstrepublic.com<\/i><\/p>\n<\/figcaption><\/figure>\n

S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n<\/font><\/h2>\n

Kh\u00e1i ni\u1ec7m<\/b><\/p>\n

S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n<\/b> trong ti\u1ebfng Anh l\u00e0 Liquidity Event<\/b>.<\/p>\n

S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n<\/b> l\u00e0 c\u00e1c s\u1ef1 ki\u1ec7n nh\u01b0\u00a0mua l\u1ea1i<\/font>,\u00a0s\u00e1p nh\u1eadp<\/font>,\u00a0ch\u00e0o b\u00e1n c\u00f4ng khai l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang<\/font>\u00a0ho\u1eb7c s\u1ef1 ki\u1ec7n kh\u00e1c cho ph\u00e9p ng\u01b0\u1eddi s\u00e1ng l\u1eadp v\u00e0 nh\u00e0 \u0111\u1ea7u th\u1eddi \u0111\u1ea7u c\u1ee7a m\u1ed9t c\u00f4ng ty chuy\u1ec3n m\u1ed9t ph\u1ea7n ho\u1eb7c t\u1ea5t c\u1ea3 c\u1ed5 ph\u1ea7n s\u1edf h\u1eefu c\u1ee7a h\u1ecd th\u00e0nh ti\u1ec1n m\u1eb7t.<\/p>\n

N\u1ed9i dung<\/font><\/h3>\n

S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n \u0111\u01b0\u1ee3c coi l\u00e0 m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c r\u00fat lui cho m\u1ed9t kho\u1ea3n \u0111\u1ea7u t\u01b0 kh\u00f4ng c\u00f3 t\u00ednh thanh kho\u1ea3n.<\/p>\n

C\u00e1c nh\u00e0 s\u00e1ng l\u1eadp c\u1ee7a m\u1ed9t c\u00f4ng ty th\u01b0\u1eddng h\u01b0\u1edbng t\u1edbi m\u1ed9t s\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n \u0111\u1ec3 c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m, c\u00e1c nh\u00e0 \u0111\u1ea7u t\u01b0 thi\u00ean th\u1ea7n ho\u1eb7c c\u00e1c c\u00f4ng ty c\u1ed5 ph\u1ea7n t\u01b0 nh\u00e2n \u0111\u1ea7u t\u01b0 v\u1ed1n v\u00e0o c\u00f4ng ty. C\u00e1c s\u1ef1 ki\u1ec7n thanh kho\u1ea3n ph\u1ed5 bi\u1ebfn nh\u1ea5t l\u00e0 ph\u00e1t h\u00e0nh l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang (IPO), \u0111\u01b0\u1ee3c c\u00e1c c\u00f4ng ty kh\u00e1c ho\u1eb7c qu\u0129 \u0111\u1ea7u t\u01b0 t\u01b0 nh\u00e2n mua l\u1ea1i.<\/p>\n

M\u1ed9t s\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n th\u01b0\u1eddng li\u00ean quan t\u1edbi c\u00e1c nh\u00e0 s\u00e1ng l\u1eadp v\u00e0 c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m t\u00ecm ki\u1ebfm c\u01a1 h\u1ed9i \u0111\u1ea7u t\u01b0 t\u1eeb nh\u1eefng v\u00f2ng g\u1ecdi v\u1ed1n \u0111\u1ea7u ti\u00ean. M\u1ed9t s\u1ed1 \u00edt nh\u00e2n vi\u00ean \u0111\u1ea7u ti\u00ean c\u1ee7a c\u00f4ng ty c\u0169ng s\u1ebd g\u1eb7t h\u00e1i \u0111\u01b0\u1ee3c th\u00e0nh qu\u1ea3 khi c\u00f4ng ty h\u1ecd ch\u00e0o b\u00e1n c\u00f4ng khai ho\u1eb7c \u0111\u01b0\u1ee3c mua b\u1edfi m\u1ed9t c\u00f4ng ty kh\u00e1c.<\/p>\n

Trong tr\u01b0\u1eddng h\u1ee3p mua l\u1ea1i, nh\u1eefng ng\u01b0\u1eddi s\u00e1ng l\u1eadp v\u00e0 nh\u00e2n vi\u00ean c\u1ee7a c\u00f4ng ty th\u01b0\u1eddng \u0111\u01b0\u1ee3c gi\u1eef l\u1ea1i. H\u1ecd s\u1ebd \u0111\u01b0\u1ee3c b\u1ed3i th\u01b0\u1eddng th\u00eam b\u1eb1ng c\u1ed5 phi\u1ebfu ho\u1eb7c ti\u1ec1n m\u1eb7t khi h\u1ecd tu\u00e2n th\u1ee7 c\u00e1c \u0111i\u1ec1u kho\u1ea3n h\u1ee3p \u0111\u1ed3ng v\u1edbi ch\u1ee7 s\u1edf h\u1eefu m\u1edbi c\u1ee7a h\u1ecd.<\/p>\n

Th\u00f4ng th\u01b0\u1eddng, l\u1ecbch tr\u00ecnh cho vi\u1ec7c IPO ph\u1ee5 thu\u1ed9c v\u00e0o k\u1ebf ho\u1ea1ch c\u1ee7a c\u00f4ng ty. Tuy nhi\u00ean, n\u1ebfu m\u1ed9t c\u00f4ng ty c\u00f3 h\u01a1n 500 nh\u00e0 \u0111\u1ea7u t\u01b0 c\u00e1 nh\u00e2n v\u00e0 h\u01a1n 10 tri\u1ec7u \u0111\u00f4 la t\u00e0i s\u1ea3n, th\u00ec theo qui \u0111\u1ecbnh c\u1ee7a\u00a0\u1ee6y ban ch\u1ee9ng kho\u00e1n v\u00e0 s\u00e0n giao d\u1ecbch M\u1ef9<\/font>\u00a0(SEC) c\u00f4ng khai b\u00e1o c\u00e1o t\u00e0i ch\u00ednh. \u0110i\u1ec1u n\u00e0y \u0111\u01b0\u1ee3c g\u1ecdi l\u00e0 Quy t\u1eafc 500 nh\u00e0 \u0111\u1ea7u t\u01b0 (500 Investor Rule).<\/p>\n

Nhi\u1ec1u ng\u01b0\u1eddi tin r\u1eb1ng qui t\u1eafc n\u00e0y l\u00e0 m\u1ed9t trong nh\u1eefng l\u00ed do khi\u1ebfn Google (nay l\u00e0 Alphabet Inc.) ph\u1ea3i chuy\u1ec3n th\u00e0nh c\u00f4ng ty \u0111\u1ea1i ch\u00fang, v\u00ec c\u00f4ng ty s\u1ebd bu\u1ed9c ph\u1ea3i ti\u1ebft l\u1ed9 d\u1eef li\u1ec7u t\u00e0i ch\u00ednh c\u1ee7a m\u00ecnh cho SEC.<\/p>\n

V\u00ed d\u1ee5<\/font><\/h3>\n

Facebook ch\u00e0o b\u00e1n l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang<\/p>\n

Mark Zuckerberg, nh\u00f3m \u0111\u1ed3ng s\u00e1ng l\u1eadp c\u1ee7a \u00f4ng, c\u00e1c c\u00f4ng ty \u0111\u1ea7u t\u01b0 m\u1ea1o hi\u1ec3m v\u00e0 c\u00e1 nh\u00e2n trong danh s\u00e1ch c\u1ed5 \u0111\u00f4ng l\u1edbn trong h\u1ed3 s\u01a1 M\u1eabu S-1 tr\u01b0\u1edbc IPO c\u1ee7a Facebook n\u0103m 2012 \u0111\u00e3 \u0111\u1ed3ng \u00fd v\u1ec1 s\u1ef1 ki\u1ec7n t\u1ea1o thanh kho\u1ea3n c\u1ee7a n\u00f3.<\/p>\n

C\u00f4ng ty \u0111\u00e3 huy \u0111\u1ed9ng \u0111\u01b0\u1ee3c 16 t\u1ec9 \u0111\u00f4 la trong \u0111\u1ee3t IPO v\u00e0 b\u1eaft \u0111\u1ea7u ng\u00e0y \u0111\u1ea7u ti\u00ean v\u1edbi t\u01b0 c\u00e1ch l\u00e0 m\u1ed9t c\u00f4ng ty giao d\u1ecbch c\u00f4ng khai v\u1edbi m\u1ee9c th\u1ecb gi\u00e1 104 t\u1ec9 \u0111\u00f4 la. Zuckerberg, ng\u01b0\u1eddi s\u1edf h\u1eefu 28,2% Facebook v\u00e0o th\u1eddi \u0111i\u1ec3m \u0111\u00f3 c\u00f3 gi\u00e1 tr\u1ecb t\u00e0i s\u1ea3n r\u00f2ng x\u1ea5p x\u1ec9 29,3 t\u1ec9 \u0111\u00f4 la.<\/p>\n

(Ngu\u1ed3n tham kh\u1ea3o: Investopedia<\/i>)<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n S\u1ef1 ki\u1ec7n t\u1ea1o t\u00ednh thanh kho\u1ea3n (ti\u1ebfng Anh: Liquidity Event) l\u00e0 c\u00e1c s\u1ef1 ki\u1ec7n nh\u01b0 mua l\u1ea1i, s\u00e1p nh\u1eadp, ch\u00e0o b\u00e1n c\u00f4ng khai cho ph\u00e9p ng\u01b0\u1eddi s\u00e1ng l\u1eadp v\u00e0 nh\u00e0 \u0111\u1ea7u th\u1eddi \u0111\u1ea7u c\u1ee7a m\u1ed9t c\u00f4ng ty chuy\u1ec3n m\u1ed9t ph\u1ea7n ho\u1eb7c t\u1ea5t c\u1ea3 c\u1ed5 ph\u1ea7n s\u1edf h\u1eefu c\u1ee7a h\u1ecd th\u00e0nh ti\u1ec1n m\u1eb7t.\n <\/div>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[417],"tags":[],"_links":{"self":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30247"}],"collection":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/comments?post=30247"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/30247\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=30247"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=30247"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=30247"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}