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近年来,股权众筹随着互联网金融的浪潮迅速发展,不仅为创新创业提供了高效的融资渠道,还日益成为社会大众投资理财的重要渠道。而参与股权众筹的投资者如何退出众筹项目并获得投资回报,这一问题始终关系着股权众筹行业的可持续发展。本文在对股权众筹行业的定义与现状进行简要介绍的基础上,聚焦于股权众筹的退出机制,对几种可能的退出机制(即企业上市、下一轮融资、股权回购)进行可行性分析,并梳理行业内的实践经验,对这一问题给出了初步的评述与建议。
In recent years, equity crowdfunding With the rapid development of Internet finance, it not only provides an efficient financing channel for innovation and entrepreneurship, but also increasingly becomes an important channel for the public to invest and manage money. The issue of investors in crowdfunding of shares that exit crowdfunding projects and return on investment has always been related to the sustainable development of the equity crowdfunding industry. Based on a brief introduction of the definition and current status of the equity crowdfunding industry, this paper focuses on the exit mechanism of the equity crowdfunding and makes feasible for several possible exit mechanisms (that is, the enterprise listing, the next round of financing, and the share buyback) Sexual analysis, and combing the practical experience in the industry, gave a preliminary comment on this issue and recommendations.