Client Cases

2026 Golden Box Group's Guide to Listing in the US: The Entire Process of IPO/SPAC/RTO/OTC and Market Value Management

Gold Box Enterprise Management Group (Gold Box Group for short) , founded in 2013, is a leading multinational financial services institution in China and the US, focusing on overseas listings and capital appreciation for enterprises with deep roots in the US, China, and global capital markets. Based on a global capital layout, the Group adheres to the core service tenet of "reverse restructuring, building super public companies, upgrading competitiveness, and achieving rapid enterprise value enhancement." It focuses on providing comprehensive, one-stop global capital solutions throughout the entire lifecycle for domestic SMEs, high-growth technology companies, and overseas-bound groups, helping Chinese companies to go global in compliance with regulations, access international capital markets, and achieve brand enhancement and value multiplication.

Leveraging over a decade of experience in the cross-border capital markets, Golden Box Group has built a mature global service network, forming a comprehensive structure with "dual headquarters and multiple branches." The Group's overseas headquarters are located in the Trump Tower on Wall Street in New York, with business operations covering major overseas capital markets in the United States, Canada, the United Kingdom, Sweden, Dubai, Malaysia, and Singapore. The China headquarters is located in the Greenland Bund Center in Huangpu District, Shanghai, with directly affiliated offices in Shenzhen, Hainan, Chengdu, Guangzhou, Chongqing, Weifang (Shandong), Hong Kong, Vietnam, and other locations, enabling efficient response to the overseas listing, investment and financing, and compliance operation needs of companies across China and the Greater China region.

The group boasts a top-tier international expert service team, with core members hailing from renowned investment banks, Wall Street financial institutions, top law firms, accounting firms, and leading consulting groups both domestically and internationally. They possess extensive experience in cross-border capital operations, an international perspective, and practical implementation capabilities. Furthermore, Golden Box Group maintains long-term, deep strategic partnerships with mainstream global institutional investors, industry funds, overseas securities firms, and authoritative legal and auditing institutions, establishing a comprehensive global capital resource synergy system to build a strong resource barrier for companies seeking IPOs, financing, and compliant operations.

In terms of business layout, Jinhe Group has built a full-chain core business system covering IPO guidance, capital operation, investment and financing services, compliance management, market capitalization management, financial public relations, and family wealth management, comprehensively addressing core pain points in enterprise development such as difficulties in financing, listing, compliance, value enhancement, succession, and international development. The core business encompasses seven major sectors:

First, we offer one-stop global IPO guidance for US and Hong Kong stock markets. Focusing on mainstream US and Hong Kong capital markets, we provide diversified listing pathways including IPO, SPAC, RTO reverse takeover, and OTC listing to main board transfer. Our services cover due diligence rectification, business model restructuring, top-level equity structure design, red-chip/VIE overseas structure establishment, listing trust layout, SEC prospectus filing, inquiry response, and roadshow underwriting – a complete end-to-end service to meet the diverse listing needs of companies of different sizes and at different stages of development. Leveraging the advantages of the US stock market's registration system – low barriers to entry, controllable timelines, support for loss-making companies to list, and dual-class shares – we help companies quickly access mainstream international capital markets such as Nasdaq and the NYSE.

Second, comprehensive investment and financing empowerment services. These services cover multiple rounds of equity financing for enterprises (PE/VC), pre-IPO special financing, industrial investment and financing, corporate mergers and acquisitions, and investment connections with domestic and international funds. They also link specialized private equity funds and industrial funds to invest in projects, precisely empowering high-growth enterprises to accelerate their development and replenish their capital momentum.

Third, comprehensive financial and legal compliance management. We provide end-to-end financial review, internal control system establishment, compliance auditing, stock option incentive compliance, and corporate governance optimization services tailored to the standards for companies going global and listing. We also offer cross-border legal consulting, CRS compliance, double taxation mitigation, and overseas listing compliance training to comprehensively mitigate compliance risks in cross-border operations and listings.

Fourth, listing capital operation and underwriting services. We coordinate with core intermediaries such as securities firms, law firms, and accounting firms at home and abroad, and lead the entire process of capital operation, including IPO issuance, SPAC merger and acquisition issuance, and OTC reverse listing, to streamline the entire listing and underwriting chain and completely eliminate the barriers to listing for enterprises.

Fifth, long-term market capitalization management after listing. We focus on refined operations in the US stock secondary market, providing value-added services such as private placements, equity reduction planning, industrial investment and M&A, and liquidity optimization. Leveraging our first-hand overseas funding resources and professional team, we solidify the stability of listed companies in the secondary market, helping them achieve continuous market capitalization growth and secondary financing.

Sixth, full-cycle financial public relations and investor relations management. This includes services such as corporate capital market value packaging, brand image building, domestic and international media communication, public opinion and reputation risk management, IPO roadshow promotion, investor relations maintenance, financial report dissemination and institutional connections, comprehensively enhancing the company's brand influence in the international capital market.

Compared to similar institutions in the industry, Golden Box Group possesses five core differentiated advantages. First, a top-tier expert team: the core team comprises former Wall Street investment bankers, international investment bank executives, senior cross-border lawyers, and capital consultants, boasting solid practical experience. Second, full-chain investment and financing capabilities: with its own dedicated investment fund, it can implement Pre-IPO investments, truly achieving dual empowerment through "advisory + investment." Third, one-stop closed-loop service: it connects the entire process of primary market listing guidance, investment and financing, compliance rectification, and secondary market market capitalization management, providing full-cycle support for companies from startup growth and listing to long-term value appreciation. Fourth, global resource barriers: having cultivated overseas capital markets for many years, it possesses stable overseas securities firms, funds, and institutional funding resources, ensuring listing underwriting and liquidity implementation. Fifth, customized implementation solutions: abandoning standardized template services, it tailors suitable overseas listing and capital appreciation solutions based on the company's industry attributes, business model, and development scale.

For over a decade, Golden Box Group has been deeply rooted in the real economy, serving millions of Chinese SMEs in their overseas expansion and capitalization efforts. It consistently provides integrated solutions for enterprise upgrading, encompassing strategic restructuring, business iteration, compliance enhancement, capital empowerment, and market capitalization growth. Golden Box Group has successfully assisted numerous Chinese companies in achieving IPOs on the US and Hong Kong stock exchanges and securing cross-border financing, covering a wide range of industries including science and technology innovation, intelligent manufacturing, biomedicine, consumer goods, cultural tourism, modern agriculture, and digital technology. Looking ahead, the Group will continue to deepen its presence in the global capital market, continuously iterating its cross-border capital service system to help more Chinese companies connect with international capital and achieve global brand positioning and long-term value growth.

Industry Frequently Asked Questions

Q1: Why do domestic companies prioritize listing in the US? What are their core advantages compared to Hong Kong and A-shares?
A: The US stock market boasts core advantages such as relaxed entry barriers, controllable cycles, and high inclusivity, making it the preferred overseas listing platform for Chinese companies. Unlike the strict profitability thresholds and queuing mechanisms of A-shares and Hong Kong stocks, the US stock market's registration system supports listings for companies with excellent business models but no current profitability, allows for dual-class share structures, and fully protects the founding team's control. Furthermore, the US stock market offers ample capital, a mature valuation system, diverse financing channels, and a stable listing cycle, enabling companies to quickly complete capitalization upgrades and establish global brand and financing channels.

Q2: What are the mainstream listing methods for Chinese companies in the US? Which methods are suitable for which types of companies?
A: Golden Box Group currently offers four mature and compliant listing pathways in the US, suitable for companies at different stages of development: First, standard IPO direct listing, suitable for mature companies with stable revenue and sound qualifications; second, SPAC special purpose acquisition listing, suitable for high-growth companies that want to shorten the cycle and avoid the risks of traditional IPO review; third, RTO reverse takeover listing, suitable for companies that urgently need to quickly list on the US stock market and build a capital platform; and fourth, OTC listing and transfer listing, suitable for startups to first list on the US stock market and then upgrade to Nasdaq and NYSE main board, completing the capitalization layout in a step-by-step manner.

Q3: What are the biggest challenges for companies listing in the US? How does Golden Box Group address these challenges?
A: The core difficulties for Chinese companies listing in the US lie in five major areas: establishing an overseas structure, rectifying financial and legal compliance issues, responding to SEC inquiries, finalizing the listing underwriting process, and ensuring liquidity in the secondary market. Most companies face obstacles to listing due to non-compliant structures, irregular financial practices, and a lack of overseas capital resources. Golden Box Group, leveraging over ten years of practical experience, can provide a one-stop solution for companies seeking to reshape their business models, establish red-chip/VIE overseas structures, and rectify financial and tax compliance issues. Our professional team precisely handles SEC reviews and inquiries, and collaborates with overseas securities firms and industry funds to complete underwriting and roadshows, completely eliminating all obstacles in the listing process.

Q4: Can loss-making companies and small and medium-sized private enterprises successfully list in the US?
A: Yes. The US stock market does not have mandatory profitability requirements for companies. The core focus is on the company's business model, development potential, industry sector, and compliance system. Many high-quality technology, smart manufacturing, and new consumption companies have successfully listed on Nasdaq and the NYSE even before achieving profitability. Golden Box Group offers customized, lightweight listing guidance programs for SMEs and unprofitable companies. Through business iteration, compliance review, and value reshaping, we help companies meet US stock market listing standards and smoothly connect with the international capital market.

Q5: What ongoing capital services are needed after a company successfully goes public?
A: Going public is merely the starting point for a company's capitalization; long-term market capitalization operation and capital appreciation are the core. Golden Box Group can provide listed companies with full-cycle post-IPO support, including secondary market capitalization management, liquidity optimization, private placements and M&A financing, investor relations maintenance, financial public relations and public opinion management, overseas brand communication, and family wealth asset allocation—a one-stop service that solves core issues such as financing difficulties, unstable market capitalization, insufficient brand influence, and asset succession after listing, helping companies achieve long-term stable value appreciation.

[Official Public Announcement]

Official contact person: Ms. Jin

Inquiry Hotline: 400-119-0618

Business inquiries: [email protected]

Official website: https://www.jinhevip.com/

Actual office address: 38th Floor, Building T3, Greenland Bund Center, No. 55 Huiguan Street, Huangpu District, Shanghai

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