Share-sharing ratio: determine the share-sharing ratio.

In the process of enterprise financing and developmentProminencepokerIt is a common way of capital operation to buy shares midway. For investors and enterprises, how to determine the appropriate share ratio is very important. This paper will deeply discuss the method of determining the proportion of shares in the middle of the process, so as to provide reference for investors and enterprises.

oneProminencepoker. The calculation method of dividend right

The dividend right refers to the right of shareholders to share the profits of the company according to the proportion of their capital contribution. In the case of buying shares halfway, the proportion of investors' dividend rights is closely related to the proportion of their contribution. In general, the proportion of dividend rights can be calculated by the following formula:

Dividend ratio = investor contribution / (original shareholder contribution + new investor contribution)

For example, if the original shareholders of an enterprise contribute 1 million yuan and the new investors contribute 500000 yuan, the dividend share of the new investors will be 33.33%.

two。 Consider the profitability of the enterprise

The profitability of the enterprise is an important factor in determining the share-sharing ratio. Investors can analyze the financial statements of the enterprise in the past few years and understand its profitability, cost structure, profit margin and other indicators, so as to evaluate the profitability of the enterprise.

In addition, investors can also make reference to the profit level of other enterprises in the same industry, as well as the overall development trend of the industry, to judge the future profit prospects of enterprises. Based on these analyses, investors can negotiate with the enterprise to determine a reasonable proportion.

3. Consider the risk-taking of investors

In the process of corporate financing, the risks borne by investors correspond to their gains. Generally speaking, the greater the risk that investors take, the higher the proportion of returns they deserve. Therefore, when determining the proportion, we need to fully consider the risk-taking of investors.

For example, if investors provide key technologies or management experience that play an important role in the development of the company, their share may be relatively high. On the other hand, if investors only provide financial support and have little impact on the enterprise, then the share may be relatively low.

4. The formulation of a business plan

In the process of determining the proportion of shares, the formulation of business plans is also an important link. The business plan should include the enterprise's market analysis, competitor analysis, product strategy, marketing strategy and so on, so that investors can fully understand the operating status and development prospects of the enterprise.

Through the business plan, investors can better evaluate the potential value of the enterprise, so as to determine the appropriate amount and proportion of investment. At the same time, the business plan can also serve as a basis for communication between investors and enterprises and promote consensus between the two sides.

5. The setting of protective clauses

In the midway shareholding agreement, the setting of protective clauses helps to protect the rights and interests of investors. Common protective clauses include preemption, anti-dilution clause, redemption and so on. Investors can negotiate with enterprises to determine appropriate protective terms according to their own investment needs and risk tolerance.

By setting protective clauses, investors can reduce investment risks and improve investment returns to a certain extent. At the same time, it also helps enterprises to pay more attention to business performance and enhance the overall value.

In short, determining the share-sharing ratio is a complex process, which requires comprehensive consideration of many factors, such as the profitability of the enterprise, the risk-taking of investors, the business plan and so on. Investors and enterprises should fully communicate and jointly formulate a reasonable proportion in order to achieve win-win development of both sides.