{"id":31034,"date":"2023-12-07T10:16:23","date_gmt":"2023-12-07T10:16:23","guid":{"rendered":"https:\/\/masterskills.org\/blog\/phat-hanh-cong-khai-lan-dau-ipo-la-gi-uu-diem-va-han-che.html"},"modified":"2023-12-23T07:24:40","modified_gmt":"2023-12-23T00:24:40","slug":"phat-hanh-cong-khai-lan-dau-ipo-la-gi-uu-diem-va-han-che","status":"publish","type":"post","link":"https:\/\/masterskills.org\/blog\/phat-hanh-cong-khai-lan-dau-ipo-la-gi-uu-diem-va-han-che.html","title":{"rendered":"Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u (IPO) l\u00e0 g\u00ec? \u01afu \u0111i\u1ec3m v\u00e0 h\u1ea1n ch\u1ebf"},"content":{"rendered":"
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H\u00ecnh minh h\u1ecda. Ngu\u1ed3n: fintechnews<\/p>\n<\/div>\n<\/div>\n

Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u (IPO)<\/font><\/h2>\n

\u0110\u1ecbnh ngh\u0129a<\/b><\/p>\n

Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u<\/b> hay ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu l\u1ea7n \u0111\u1ea7u ra c\u00f4ng ch\u00fang<\/b> trong ti\u1ebfng Anh g\u1ecdi l\u00e0 Initial Public Offering, vi\u1ebft t\u1eaft l\u00e0 IPO.<\/p>\n

Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u<\/i> c\u00f3 th\u1ec3 hi\u1ec3u l\u00e0 vi\u1ec7c ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang l\u1ea7n \u0111\u1ea7u.<\/p>\n

Nh\u1eefng l\u1ea7n ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang sau \u0111\u00f3 trong ti\u1ebfng Anh g\u1ecdi l\u00e0\u00a0Seasoned Public Offering, vi\u1ebft t\u1eaft l\u00e0 SPO.<\/p>\n

\u0110\u1eb7c tr\u01b0ng<\/font><\/h3>\n

Vi\u1ec7c ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u (IPO)<\/b> c\u00f3 ngh\u0129a l\u00e0 m\u1ed9t doanh nghi\u1ec7p l\u1ea7n \u0111\u1ea7u ti\u00ean huy \u0111\u1ed9ng v\u1ed1n t\u1eeb c\u00f4ng ch\u00fang r\u1ed9ng r\u00e3i b\u1eb1ng c\u00e1ch ph\u00e1t h\u00e0nh c\u00e1c c\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng (c\u1ed5 phi\u1ebfu th\u01b0\u1eddng).<\/p>\n

C\u1ed5 phi\u1ebfu ph\u1ed5 th\u00f4ng (Common stock)<\/b> hay c\u00f2n g\u1ecdi l\u00e0 c\u1ed5 phi\u1ebfu th\u01b0\u1eddng l\u00e0 ch\u1ee9ng ch\u1ec9 x\u00e1c nh\u1eadn quy\u1ec1n s\u1edf h\u1eefu c\u1ee7a c\u1ed5 \u0111\u00f4ng \u0111\u1ed1i v\u1edbi c\u00f4ng ty v\u00e0 x\u00e1c nh\u1eadn cho ph\u00e9p c\u1ed5 \u0111\u00f4ng \u0111\u01b0\u1ee3c h\u01b0\u1edfng c\u00e1c quy\u1ec1n l\u1ee3i th\u00f4ng th\u01b0\u1eddng trong c\u00f4ng ty.<\/p>\n

\u01afu \u0111i\u1ec3m<\/font><\/h3>\n

M\u1ee5c ti\u00eau ch\u00ednh c\u1ee7a IPO l\u00e0 huy \u0111\u1ed9ng v\u1ed1n cho doanh nghi\u1ec7p. Vi\u1ec7c th\u1ef1c hi\u1ec7n ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u c\u00f3 nh\u1eefng l\u1ee3i th\u1ebf sau:<\/p>\n

– C\u00f4ng ty d\u1ec5 d\u00e0ng huy \u0111\u1ed9ng v\u1ed1n nhanh ch\u00f3ng t\u1eeb \u0111\u00f4ng \u0111\u1ea3o t\u1ea7ng l\u1edbp d\u00e2n d\u01b0, qui m\u00f4 huy \u0111\u1ed9ng v\u1ed1n l\u1edbn.<\/p>\n

– IPO t\u1ea1o ra h\u00ecnh \u1ea3nh \u0111\u1eb9p v\u00e0 s\u1ef1 n\u1ed5i ti\u1ebfng c\u1ee7a c\u00f4ng ty, t\u1eeb \u0111\u00f3 t\u1ea1o thu\u1eadn l\u1ee3i cho nh\u1eefng l\u1ea7n ph\u00e1t h\u00e0nh sau \u0111\u00f3.<\/p>\n

– IPO t\u1ea1o \u0111i\u1ec1u ki\u1ec7n cho c\u00e1c giao d\u1ecbch s\u00e1p nh\u1eadp v\u00e0 mua l\u1ea1i (M&A) d\u1ec5 d\u00e0ng h\u01a1n. C\u00f4ng ty d\u1ec5 d\u00e0ng \u0111\u01b0a ra c\u00e1c m\u1ee9c gi\u00e1 m\u1ee5c ti\u00eau trong c\u00e1c th\u01b0\u01a1ng v\u1ee5 mua l\u1ea1i khi c\u1ed5 phi\u1ebfu c\u1ee7a h\u1ecd l\u00e0 c\u1ed5 phi\u1ebfu ni\u00eam y\u1ebft c\u00f4ng khai.<\/p>\n

– IPO g\u00f3p ph\u1ea7n l\u00e0m t\u0103ng ch\u1ea5t l\u01b0\u1ee3ng v\u00e0 \u0111\u1ed9 ch\u00ednh x\u00e1c v\u00e0 b\u00e1o c\u00e1o t\u00e0i ch\u00ednh c\u1ee7a c\u00f4ng ty do c\u00e1c b\u00e1o c\u00e1o n\u00e0y ph\u1ea3i \u0111\u01b0\u1ee3c l\u1eadp theo c\u00e1c ti\u00eau chu\u1ea9n chung do c\u01a1 quan qu\u1ea3n l\u00ed qui \u0111\u1ecbnh. T\u1eeb \u0111\u00f3, c\u00f4ng ty d\u1ec5 d\u00e0ng th\u1ef1c hi\u1ec7n huy \u0111\u1ed9ng v\u1ed1n h\u01a1n t\u1eeb c\u00e1c ng\u00e2n h\u00e0ng v\u00e0 t\u1ed5 ch\u1ee9c t\u00edn d\u1ee5ng.<\/p>\n

– IPO gi\u00fap c\u00e1c c\u00f4ng ty \u0111\u1ea1i ch\u00fang c\u00f3 th\u1ec3 thu h\u00fat v\u00e0 duy tr\u00ec \u0111\u1ed9i ng\u0169 nh\u00e2n vi\u00ean gi\u1ecfi v\u00ec khi ch\u00e0o b\u00e1n ra c\u00f4ng ch\u00fang, c\u00f4ng ty b\u1ea3o gi\u1edd c\u0169ng d\u00e0nh m\u1ed9t t\u1ec9 l\u1ec7 ch\u1ee9ng kho\u00e1n nh\u1ea5t \u0111\u1ecbnh \u0111\u1ec3 b\u00e1n cho nh\u00e2n vi\u00ean c\u1ee7a m\u00ecnh.<\/p>\n

V\u1edbi quy\u1ec1n mua c\u1ed5 phi\u1ebfu, nh\u00e2n vi\u00ean c\u1ee7a c\u00f4ng ty s\u1ebd tr\u1edf th\u00e0nh c\u1ed5 \u0111\u00f4ng v\u00e0 \u0111\u01b0\u1ee3c h\u01b0\u1edfng c\u1ed5 t\u1ee9c thay v\u00ec ch\u1ec9 nh\u1eadn \u0111\u01b0\u1ee3c m\u1ee9c thu nh\u1eadp th\u00f4ng th\u01b0\u1eddng. \u0110i\u1ec1u n\u00e0y l\u00e0m cho nh\u00e2n vi\u00ean c\u00f4ng ty l\u00e0m vi\u1ec7c c\u00f3 hi\u1ec7u qu\u1ea3 h\u01a1n v\u00e0 coi s\u1ef1 t\u1ed3n t\u1ea1i v\u00e0 ph\u00e1t tri\u1ec3n c\u1ee7a c\u00f4ng ty l\u00e0 s\u1ef1 th\u00e0nh b\u1ea1i c\u1ee7a m\u00ecnh.<\/p>\n

– C\u00e1c c\u00f4ng ty \u0111\u1ea1i ch\u00fang c\u00f3 c\u01a1 h\u1ed9i x\u00e2y d\u1ef1ng h\u1ec7 th\u1ed1ng qu\u1ea3n l\u00ed chuy\u00ean nghi\u1ec7p c\u0169ng nh\u01b0 x\u00e2y d\u1ef1ng m\u1ed9t chi\u1ebfn l\u01b0\u1ee3c ph\u00e1t tri\u1ec3n r\u00f5 r\u00e0ng khi th\u1ef1c hi\u1ec7n IPO.<\/p>\n

H\u1ea1n ch\u1ebf<\/font><\/h3>\n

– IPO l\u00e0m ph\u00e2n t\u00e1n quy\u1ec1n s\u1edf h\u1eefu v\u00e0 c\u00f3 th\u1ec3 l\u00e0m m\u1ea5t quy\u1ec1n ki\u1ec3m so\u00e1t c\u00f4ng ty c\u1ee7a c\u00e1c c\u1ed5 \u0111\u00f4ng s\u00e1ng l\u1eadp do ho\u1ea1t \u0111\u1ed9ng th\u00f4n t\u00edn c\u00f4ng ty. B\u00ean c\u1ea1nh \u0111\u00f3, c\u01a1 c\u1ea5u v\u1ec1 quy\u1ec1n s\u1edf h\u1eefu c\u1ee7a c\u00f4ng ty lu\u00f4n lu\u00f4n b\u1ecb bi\u1ebfn \u0111\u1ed9ng do ch\u1ecbu \u1ea3nh h\u01b0\u1edfng c\u1ee7a c\u00e1c giao d\u1ecbch c\u1ed5 phi\u1ebfu h\u00e0ng ng\u00e0y.<\/p>\n

– Qui tr\u00ecnh chu\u1ea9n b\u1ecb ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu IPO r\u1ea5t t\u1ed1n k\u00e9m v\u00e0 m\u1ea5t th\u1eddi gian, \u0111\u1eb7c bi\u1ec7t l\u00e0 \u0111\u1ed1i v\u1edbi c\u00e1c c\u00f4ng ty l\u1edbn, chi ph\u00ed ph\u00e1t h\u00e0nh th\u01b0\u1eddng cao.<\/p>\n

– Vi\u1ec7c b\u1eaft bu\u1ed9c ph\u1ea3i c\u00f4ng b\u1ed1 th\u00f4ng tin tr\u00ean c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, b\u00e1o c\u00e1o thu\u1ebf c\u00f3 th\u1ec3 l\u00e0m cho c\u00f4ng ty b\u1ecb \u0111\u1eb7t v\u00e0o t\u00ecnh th\u1ebf b\u1ea5t l\u1ee3i do ti\u1ebft l\u1ed9 qu\u00e1 nhi\u1ec1u th\u00f4ng tin cho c\u00e1c \u0111\u1ed1i th\u1ee7 c\u1ea1nh tranh.<\/p>\n

– T\u0103ng th\u1eddi gian v\u00e0 c\u00e1c n\u1ed7 l\u1ef1c c\u1ea7n thi\u1ebft \u0111\u1ec3 qu\u1ea3n l\u00ed v\u00e0 gi\u00e1m s\u00e1t b\u00e1o c\u00e1o t\u00e0i ch\u00ednh.<\/p>\n

– Ngo\u00e0i ra, h\u00e0ng n\u0103m c\u00f4ng ty c\u0169ng ph\u1ea3I ch\u1ecbu th\u00eam c\u00e1c kho\u1ea3n chi ph\u00ed nh\u01b0 chi ph\u00ed ki\u1ec3m to\u00e1n c\u00e1c b\u00e1o c\u00e1o t\u00e0i ch\u00ednh, chi ph\u00ed cho vi\u1ec7c chu\u1ea9n b\u1ecb t\u00e0i li\u1ec7u n\u1ed9p cho c\u01a1 quan qu\u1ea3n l\u00ed nh\u00e0 n\u01b0\u1edbc v\u1ec1 ch\u1ee9ng kho\u00e1n v\u00e0 chi ph\u00ed c\u00f4ng b\u1ed1 th\u00f4ng tin \u0111\u1ecbnh k\u00ec.<\/p>\n

\u00dd ngh\u0129a<\/span><\/h3>\n

– Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u c\u00f3 \u00fd ngh\u0129a r\u1ea5t quan tr\u1ecdng v\u1edbi doanh nghi\u1ec7p, v\u00ec \u0111\u00e2y l\u00e0 th\u1eed th\u00e1ch \u0111\u1ea7u ti\u00ean v\u00e0 quan tr\u1ecdng nh\u1ea5t \u0111\u1ed1i v\u1edbi h\u00e0ng lo\u1ea1t kh\u00eda c\u1ea1nh v\u1eadn h\u00e0nh.<\/p>\n

– M\u1ee5c ti\u00eau ch\u00ednh c\u1ee7a IPO l\u00e0 huy \u0111\u1ed9ng v\u1ed1n cho doanh nghi\u1ec7p m\u1ed9t c\u00e1ch nhanh ch\u00f3ng v\u1edbi qui m\u00f4 huy \u0111\u1ed9ng l\u1edbn.<\/p>\n

(T\u00e0i li\u1ec7u tham kh\u1ea3o: Gi\u00e1o tr\u00ecnh Th\u1ecb tr\u01b0\u1eddng ch\u1ee9ng kho\u00e1n, NXB T\u00e0i ch\u00ednh;\u00a0Initial Public Offering – IPO, Investopedia)<\/i><\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"

\n Ph\u00e1t h\u00e0nh c\u00f4ng khai l\u1ea7n \u0111\u1ea7u (ti\u1ebfng Anh: Initial Public Offering, vi\u1ebft t\u1eaft: IPO) \u0111\u01b0\u1ee3c hi\u1ec3u l\u00e0 vi\u1ec7c doanh nghi\u1ec7p ph\u00e1t h\u00e0nh c\u1ed5 phi\u1ebfu ra c\u00f4ng ch\u00fang l\u1ea7n \u0111\u1ea7u.\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\/31034"}],"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=31034"}],"version-history":[{"count":0,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/posts\/31034\/revisions"}],"wp:attachment":[{"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/media?parent=31034"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/categories?post=31034"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/masterskills.org\/blog\/wp-json\/wp\/v2\/tags?post=31034"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}