据美国投行罗仕证券近日统计,2011年共有22家在美国上市的中国公司宣布或已经完成私有化退市。毫无疑问,上市对许多公司来说都是一个不甚轻松的梦想,在投入大量资金和人力最终圆梦之后,又为何要主动离开这个来之不易的舞台?与被动离开市场的公司相比,这些主动进行私有化退市的公司更多的是“两利相权取其重”的选择。上市就像“围城”。城外的人想进来,城里的人出去。在永恒的资本市场里,上市热和退市潮并不冲突。“私有化”或许是突破某种资本困局的一种双向解题法,当然必须遵循风险与收益均衡的游戏规则。 According to the recent statistics of U.S. investment bank Ross Stores, a total of 22 Chinese companies listed in the United States announced or completed the privatization delisting in 2011. There is no doubt that the listing of many companies are an easy dream, after investing a lot of money and manpower finally dream, why they take the initiative to leave this hard-won stage? Compared with the passive leave the company, Those companies that take the initiative to privatize their delisting are more likely to choose the best of both worlds. Listing is like “Besieged city ”. People outside the city want to come in, people in the city go out. In an eternal capital market, there is no conflict between listing fever and delisting. Privatization may be a two-way solution to some sort of capital dilemma, and of course it must follow the rules of the game in which risks and returns are balanced.