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Bc 4: nh gi t cho bn

c tin hnh trong cuc hp gia t chc pht hnh v t chc bo lnh pht hnhc nh mc gi chng khon s cho bn ra th trngThng thng t chc pht hnh s ch nh mt t chc nh gi c php tha thun v gi chng khon vi t chc bo lnh.

nh gi c phiuMc ch l tnh ton mc gi s cho bnTrng hp 1: Nh pht hnh l cng ty nim yt trn s giao dch chng khonGi chng khon cho bn c cn c vo gi giao dch c phiu ca cng ty trn th trngDa trn c s:Gi ng ca ngy hm trc hocGi th trng bnh qun mt s ngy trc ngy xc lp gi hoc trc ngy pht hnh c phiu mi

nh gi c phiuTrng hp 2: t pht hnh l pht hnh ln u ra cng chng (IPO Initial Public Offering)Cc phng php ph bin:Phng php chit khu dng thu nhpPhng php chit khu c tcPhng php c nh gi c phiu theo h s P/EPhng php gi tr ti sn rng

Phng php chit khu dng thu nhpPhng php chit khu c tcPhng php c nh gi c phiu theo h s P/E

Phng php gi tr ti sn rng

nh gi da trn phng php tnh gi tr ti sn rngKhng ch l chnh lch tng ti sn v tng s nCn tnh ton n cc gi tr v hnh nh li th thng mi, nhn hiu thng mi, quyn s hu tr tu,nh gi tri phiuMc ch nh gi tri phiu l vic xc nh mc li sut tri phiu m t chc pht hnh s phi tr.Tri phiu Chnh ph:Li sut c xc nh thng qua u thu gia cc t chc ti chnh, ngn hng thng mi, ngn hng u t sau cc t chc ny bn li hoc phn phi li ra cng chng.Tri phiu Cng ty:Tri phiu cng ty khc nhau ch yu do cch tr liLi sut ca tri phiu cng ty c xc nh trn c s li sut ca tri phiu Chnh ph c cng k hn tng ng v mc tn nhim ca cng ty pht hnh tri phiu.Mi quan h gia mc ri ro v li sut tri phiuLi sutcn thitcatri phiuMc b ri roLi sut tri phiuChnh ph cng k hni2i1r1r2Mc ri roBc 5: Np h s xin php bo lnh pht hnhT chc bo lnh phi chun b h s np cho c quan c thm quyn (thng thng l y ban chng khon Nh nc)H s bao gm:Bn sao giy php hot ng ca nh bo lnhHp ng gia cc nh bo lnhCc ti liu chng minh nh bo lnh iu kin lm bo lnh cho t pht hnhGi pht hnh cng c th iu chnh ngay trc thi im pht hnhinh Diu Khanh