It will be important to conform to local regulations. Taking when the London Stock Exchange in used as an overseas exchange, the relevant regulations are: 1. At least three years of audited published accounts 至少三年的經審計的賬目

1. At least 25% of the company’s shares must be in public hands when trading begins 至少25%的公司股票必須在公眾手中

2. Minimum market capitalization of ￡700,000 至低市值 700,000 英鎊。

3. A prospectus must be published containing a forecast of expected performance 必須公開招股說明書，包括預期業績的預測 In addition the company will have to be introduced by a sponsoring firm and to comply with the local corporate governance requirements. 此外，該公司將必須由一家贊助公司推出，并符合當地的公司治理要求。（book-building 詢價圈購）

The main reason given for the public listing is to use the funds raised to eliminate the debt in the company. There are other reasons why a company may undertake a public listing. 公開上市的主要原因是利用募集資金，以消除公司的債務。此外， 也可能存在其他原因，比如：

These include:gaining a higher reputation by being listed on a recognized stock exchange and therefore reducing the costs of contracting with stakeholders; being able to raise funds more easily in the future to undertake new projects; the listing will provide the current owners with a value for their equity stake; and the listing may enable the current owners to sell their equity stakes and gain from the value in the organization. 在被認可的證券交易所上市，從而獲得更高的聲譽，因此降低 了與利益相關者的合同成本；能夠更容易地募集資金，用于未來的新項目；上市 將為目前的股東，賦予他們的股權更多價值；上市可能使目前的股東出售他們的股權從中收益。