äžã®ç« ãªã¹ãã䜿çšããŠãèŠãããããªã®éšåãéžæããŸãã
ç« ïŒ
- å 責äºé
- ãããã®èæ¯
- Reg A +ãšã¯äœã§ããïŒ -Reg A +æè³å®¶
- Reg A +ã䜿çšããŠIPOãå®æœããçç±
- Reg A + IPOã¿ã€ã ã©ã€ã³ã¹ã±ãžã¥ãŒã«
- ä¿éºäŒç€Ÿãžã®å¯ŸåŠæ¹æ³
- ã³ã¹ããšããŒã±ãã£ã³ã°
- ãããŸã§ã®A + IPOã®ç»é²
- Post Reg A +æµåæ§
- é¿ããã¹ãééã
- QïŒA-RegDã«å¯ŸããRegA +ã®å©ç¹
- QïŒA-ãªã¹ãããã®ã«æé©ãªååŒæã¯ã©ãã§ããïŒ
- QïŒA-Reg A + IPOãšå ¬éã·ã§ã«ã®è³Œå ¥ããã³å ¬éäŒç€ŸãšããŠã®è³é調é
- QïŒA-RegDãšRegA +ã§åæã«è³éã調éã§ããŸããïŒ
- QïŒA-çŽæ¥äžå Ž
- QïŒA-Reg A +ãå©çšããŠããäŒæ¥ã®ãªã¹ã
- QïŒA-è€æ°ã®Reg A +ãªãã¡ãªã³ã°ãåæã«å®è¡ããããšã¯å¯èœã§ããïŒ
- QïŒA-SECã¯å¹Žéäœç€Ÿã®è³æ Œãæã£ãŠããŸããïŒ
- QïŒA-ãªãã¡ãªã³ã°ã®é©åãªæå°æè³é¡ã¯ãããã§ããïŒ
ãåãåããïŒè±èªïŒ ç»é²ãã
MSCã¯ãæ³åŸäºåæãè©äŸ¡ãµãŒãã¹ãåŒå人ããããŒã«ãŒãã£ãŒã©ãŒããŸãã¯Title IIIã¯ã©ãŠããã¡ã³ãã£ã³ã°ããŒã¿ã«ã§ã¯ãªãããã®ãããªç»é²ãå¿ èŠãšãã掻åã«ã¯é¢äžããŠããŸããã æè³ã«é¢ããã¢ããã€ã¹ã¯è¡ã£ãŠãããŸããã MSCã¯ãã©ã³ã¶ã¯ã·ã§ã³ãæ§é åããŸããã MSCã¹ã¿ããããã®ã¢ããã€ã¹ãããããã®è·æ¥ã®ãµãŒãã¹ãããã€ããŒããã®ã¢ããã€ã¹ã®ä»£ãããšè§£éããªãã§ãã ããã
ãããã¿ãŒããŒ
Rod Turnerã¯ããã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ã®åµèšè å ŒCEOã§ãããã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ã¯ãæçããæ°èäŒæ¥ãäžå äŒæ¥ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã䜿çšããŠè³éã調éããããã®ç¬¬1äœã®ã°ããŒã¹ãã£ãã¿ã«ãµãŒãã¹ã§ãã ã¿ãŒããŒã¯ãSymantec / NortonïŒSYMCïŒãAshton TateãMicroPortãKnowledgeAdventureãªã©ãå«ãæåããäŒæ¥ãæ§ç¯ããäžã§éèŠãªåœ¹å²ãæãããŠããŸããã 圌ã¯çµéšè±å¯ãªæè³å®¶ã§ããããã³ãã£ãŒãã£ãã¿ã«ããžãã¹ïŒIrvine VenturesïŒãæ§ç¯ããBloomãAmyrisïŒAMRSïŒãAsk JeevesãeASICãªã©ã®äŒæ¥ã«ãšã³ãžã§ã«ããã³ã¡ã¶ãã³æè³ãè¡ã£ãŠããŸããã
www.ManhattanStreetCapital.com
ãã³ããã¿ã³éãã®éŠéœã5694ããã·ã§ã³ã»ã³ã¿ãŒRdãã¹ã€ãŒã602-468ããµã³ãã£ãšãŽãCA 92108ã
ãã®ããã¹ããã©ã³ã¹ã¯ãªããã«ã¯ã䜿çšããããã¹ãå€æãœãããŠã§ã¢ãžã®é³å£°èªèã«ãã£ãŠåŒãèµ·ãããããšã©ãŒããããŸãã æ£ç¢ºã§ããããã«ããã¹ãã«äŸåããªãã§ãã ããã ãããªã®é¢é£éšåãèŠãŠãé©åãªæ å ±ãæäŸãããŠããããšã確èªããŠãã ããã ãã®ããã¹ãã®è»¢åã«äŸåããŠãçºèšãŸãã¯çºè¡šè ã®æå³ãæ£ç¢ºãŸãã¯åæ ããªãã§ãã ããã
ãŸããç§ã®çµæŽãšãã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ãç°¡åã«è¡ãããšã説æããåã«ãæ³çå 責äºé ããäŒãããŸãã ç§ã¯ããã§ã¯ãªããç§ã®äŒç€Ÿã¯åŒå人ã§ããããŒã«ãŒãã£ãŒã©ãŒã§ããããŸããããè©äŸ¡ã®å°é家ã§ãåŒè·å£«ã§ããããŸããã ã§ããããç§ã¯éåžžã«èŠå¶ãããã¹ããŒã¹ã§ããReg A +ããã»ã¹ã§å€ãã®ããšã«ã€ããŠè©±ããŠããã®ã§ãããç§ãããã§ãªããã®ã®ãµããããã®ã§ã¯ãªããçãããå©ããæ¹æ³ã§ãããã«ã€ããŠè©±ããŠããã®ã§ãã ããã«å ããŠããã£ããã«æçš¿ããå 責äºé ããèªã¿ãã ããã ç§ã¯ãããªãæ¹æ³ã圢ã圢åŒã§ã誰ãã誀解ãããããªãã®ã§ããããèªãããšãéèŠã§ãã ããã£ãã ä»ãç§ã¯äžäœèª°ãªã®ãã説æããŸãã ç§ã®ååã¯ãããã¿ãŒããŒã§ãã
ç§ã¯ãã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ã®åµèšè å Œæé«çµå¶è²¬ä»»è ã§ãã é¢é£ããããã¯ã°ã©ãŠã³ãã«é¢ããŠã¯ãç§ã¯æè¡çãªããã¯ã°ã©ãŠã³ãããæ¥ãŠããŸãã ç§ã¯ãšã³ãžãã¢ãšããŠå§ããŸããã ç§ã¯24æ³ã§ã¹ã¿ãŒãã¢ããäŒæ¥ã«è»¢è·ããŸããããããŸã§ã«XNUMXã€ã®æåããã¹ã¿ãŒãã¢ããäŒæ¥ãæåããããã®XNUMXã€ãNASDAQã«æã¡èŸŒã¿ãŸããã ãããã®XNUMXã€ã¯AshtonTateã§ããïŒç§ã®ãŽã£ã³ããŒãžã§ããããèŠããŠãããããããªã人ã®ããã«ãdBase IIïŒã XNUMXã€ç®ã¯ãããŒãã³ã®ãŠã€ã«ã¹å¯ŸçäŒç€Ÿã§ããSymantecã§ããã ããŒãã³ã©ã€ãããã¯ã®å éšã§ã¯ãæ倧ã®å䜵ãšè²·åãæšé²ããŸããã ç§ã®ããŒã ã¯ããŒãã³ã¢ã³ããŠã€ã«ã¹ãå°å ¥ããåœæã®åé¡ã®åžå ŽããªãŒãããã¢ã³ââããŠã€ã«ã¹ã«ããŸããã ç§ã¯æ°å€ãã®å䜵ãè²·åãè¡ã£ãŠããŸããããŸããäŒç€Ÿãè²·åããããšãåãå ¥ããŠããŸãã
ç§ã¯2015幎代åŸåã«ãASTComputersã®SafiQuresheyã®èŠªåãšäžç·ã«IrvineVenturesãšãããã³ãã£ãŒãã£ãã¿ã«äŒç€Ÿãèšç«ããŸããã ç§ã¯å€ãã®ãšã³ãžã§ã«æè³ãè¡ããäžç·ã«ä»äºããã2015ã€ãŸãã¯ä»ã®åœ¢æ ã®äŒæ¥ã®å€æ°ã®åªè¯ãã³ãã£ãŒãã£ãã¿ã«ããè³éã調éããŸããã ã§ããããç§ã«ã¯å€ãã®é¢é£ããçµéšããããŸãã ããããç§ã¯ããã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ãç«ã¡äžãããããã§ãReg A +ã«å ¥ããŸããã ç§ã¯ãReg A +ã皌åããçŽåã®2015幎XNUMXæã«äŒç€Ÿãç«ã¡äžããŸããã XNUMX幎XNUMXææ«ã«RegA +ãçºå¹ããçŽåã®ãXNUMXæã«çšŒåãéå§ãããšããç§ãã¡ã¯æåã®å°çšã®Reg A +è³é調éãã©ãããã©ãŒã ã§ããããããã£ãŠãç§ãã¡ã¯XNUMX幎äœãããã«åãçµãã§ããŸããã 女æ§ãè³æ¬ãåŸãããšãã§ããªããšããäºå®ã«çŠç¹ãåœãŠããã£ãã®ã§ãæåã¯FundAthenaãšåŒã°ããŠããŸãããããã¯è¯ãããšã§ããããReg A +ããŸã£ããèªèããŠããªãäŒæ¥ãååã«ãªãã£ãããæªãèãã§ããã ãããã£ãŠããããå°ããªå°ããªåžå Žã®ãµãã»ããã«çµã蟌ãããšã¯æ©èœããŠããŸããã§ããã ããã§ãXNUMX幎XNUMXæã«ããããããŠãã³ããã¿ã³ã¹ããªãŒããã£ãã¿ã«ã«ç€Ÿåãå€æŽãããã以æ¥ããããåœç€Ÿã®ãã©ã³ãåã«ãªããŸããã ããã«äŒç€Ÿã«ã€ããŠé»ããŸãã ç§ãã¡ã¯XNUMXã€ã®ããšãè¡ããŸããç§ãã¡ã¯RegDã®è³é調éã®ããã®ãã©ãããã©ãŒã ã§ãããã»ãšãã©ãReg A +補åã§ãããã³ã³ãµã«ãã£ã³ã°ãããžã§ã¯ã管çäŒç€Ÿ/ã¢ããã€ã¶ãªãŒäŒç€Ÿã§ãããéžæçã§ãã ç§ãã¡ã¯ããã¹ãŠã®é©åãªãµãŒãã¹ãããã€ããŒãæããäœããã¹ãããã©ã®ããã«è¡ãããå šéçšãéããŠããã³ããšã³ããããŒãããããã¯ãšã³ãã«è³ããŸã§ãéåžžã«ç©æ¥µçã«ååããäŒæ¥ãæ¯æŽããŸããçµäºããŠå®äºããŸãã
ããŠãç§ã«ã€ããŠã¯ååã§ãã ããã§ãè°é¡ãç°¡åã«èšãæããŠããããã¬ãŒã³ããŒã·ã§ã³ã«åãæãããŸãã Reg A +ãšã¯äœãã«ã€ããŠè§ŠããŸããããã¯åŸæ¥ã®IPOã«å¯Ÿããå©ç¹ã§ãã ã¹ã±ãžã¥ãŒã«ã«ã€ããŠè©±ããŸãã åŒå人ã®é¢äžãããŒã±ãã£ã³ã°ãšã³ã¹ããããã³ç¶ç¶çãªã³ã¹ãã«ã€ããŠèª¬æããŸãã è²ãŠããµã€ãº; ãããŸã§ã®IPO-圌ããã©ã®ããã«è¡ã£ããããããŠç§ãã¡ã圌ãããäœãåŠãã ãã IPOãæãŸãªãäŒæ¥ã«æµåæ§ãæäŸããåŸã é¿ããã¹ãééããšè³ªåãšåçã ãããä»æ¥ã®è°äºã§ãã ããŸãããã°ãããã¯æ£ãããŠã§ãããŒã§ãããããªãã¯æ£ããå Žæã«ããŸãã ç§ã¯æããã«è±åœåºèº«ã§ãããè±åœã®å€©æ°ã«ã€ããŠã¯è©±ãåããŸããã ãŸãã¯éãæã¯åŸ®èŠçãªèŽè¡ã«ã¯èå³æ·±ããããããŸããããç§ãéãæãçãŠãããšããŠããä»æ¥ããªããèãããšã¯ãããŸããã ã§ã¯ãReg A +ãšã¯äœã§ããïŒ ããã¯ãæ°èŠæ ªåŒå ¬éã§ã¯ãªããããå°ãªããŠãããã§ãããç§åäœã®å ¬åã§ãã åé¡ã®ããããã€ãã®åœãé€ããŠã誰ã§ãäžçã®ã©ãã«ã§ãæè³ã§ããŸãã æè³å®¶ã¯ç§åäœã§æµåçã§ãããšèŠãªãããŸãã ããã¯ãåŸã§èª¬æããååŒæãæã€ããšãšã¯ç°ãªããŸãããç§åäœã§æµåæ§ã®ãã蚌åžãšèŠãªãããŸãã
ãããã«ãããç§ã¯å¯ã®ã¬ãã«ã«é¢ä¿ãªãæè³ããããšãã§ããŸããã圌ããèªå®ãããŠããã°ã圌ãã¯ãããªã圢ã§ãå¶éãããŠããããæè³é¡ãå¶éãããŠããŸããã èªå®ãããŠããªãå ŽåãçŽè³ç£ãŸãã¯å¹Žåã®10ïŒ ã«å¶éãããèªå·±ç³åããŸããTierXNUMXãé²ãã¹ãéã§ããããšã蚌æããå¿ èŠããªãããšã蚌æããå¿ èŠã¯ãããŸããã ãã ããTier XNUMXãè¡ãå Žåã¯ãéå»XNUMX幎éã察象ãšããç£æ»ããå§ããå¿ èŠããããŸãã ããªãã®äŒç€Ÿãããã»ã©é·ãå ŽåããŸãã¯ããªãã®äŒç€ŸãXNUMXé±éååšããå Žåã¯ãXNUMXé±éã®ã®ã£ããã¬ãã«ç£æ»ããããŸããããã¯æããã«è£œé ã³ã¹ããäœããªããŸãã
ãããšããªã³ã©ã€ã³ã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®åºå€§ãã¯ãäžè¬çã«æ¥œèŠ³äž»çŸ©è ã§ãã ããã¯ã¯ã¬ãžãããããæè³å®¶ãšã¯ããªãç°ãªããŸãã ããŸãã äž»ã«äžåç£ååŒã«ãããŠãèªå®æè³å®¶ãç²åŸããŠããŸãã ãããšãåŒçšãããäžåç£ã«ã¯30ã€ã®ã¹ã€ãŒãã¹ãããããããŸãã äžã€ã¯ç§ãèšã£ãããšã§ãã楜芳䞻矩è ã ãããŠãç§ã¯ããã«ããã«ã€ããŠãã£ãšè©³ãã説æããŸãã ãããŠããXNUMXã€ã¯ãã»ãšãã©èªå®ãããŠãã人ã ã§ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã«XNUMXKãæè³ããŠãã人ãèŠããšãã»ãšãã©ã®å Žåã圌ãã¯è£çŠã§ãã»ãšãã©èªå®æè³å®¶ã§ãããã¹ã€ãŒãã¹ãããã§ã¯ãããŸããã ããã¯åŒ±ç¹ãæå³ããŸãããäžè¬çã«ã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®å Žåãäžåç£ã§ã¯ããã»ã©å€ãã¯ãããŸããããæè³å®¶ã®æ§æã¯ããæ£åžžã§ãå¹ åºãç¯å²ã代衚ããŠããŸãããéåžžãå·ã§ã¯XNUMXã€ã®ååãã¹ãŠãæè³å®¶ã¯äž»æµã®äººã ã§ãããå ¬èªãããŠããããå¯åŠåæåŸãæã£ãŠããè¿ãã«ããªãæ®éã®äººã ã§ãã
ãããšã圌ãã¯ãã£ãŠããŠãæè³ããŠããã®ã¯ãããããããã«å¯ŸããŠãŸãšããªé åœå©åããå¿ èŠã ããã§ãã ç§ãã¡ã®è£œåã®ããã€ãããããããŠããã®ãèŠã€ããã®ã¯ãšãŠãé£ããã§ãããŸãã¯åœŒããäŒç€Ÿã®æææš©ãè²·ãã®ã§ã圌ãã¯åœŒããåäžé·è ã«ããã ãããšä¿¡ããŠããŸãã ç§ãã¡ãåºãŠè¡ã£ãŠã圌ãã¯äŒç€ŸãèŠãŠããããæéã®çµéãšãšãã«åœŒãã«å¹žéãããããã ãããšåŒ·ãä¿¡ããŠãããšèšã£ãŠãã圌ãã¯äŒç€Ÿã«ãããããããšãããŠãããããã®ã§ããããã£ãŠããŸãã 圌ãã¯ãããæåãããããã«ãããæ¯æããããã«åœŒãã®è¶³ã§æ祚ããŠããŸãã ã¢ã«ããã€ããŒç ã®æ²»çãçæ²»çãè¡ã£ãŠãããã€ãªãã¯ãããžãŒäŒæ¥ã¯ããããé©åãªçã§ããå Žåãç¹ã«ãã®æ§è³ªã®ãã®ã¯ãå€ãã®ç¹ã§ãå€ãã®å Žåãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã«ãã€ãªãã¯ãããžãŒãæ¬åœã«çŽ æŽãããé©åã«ããŸãã ã§ãããã圌ãããããæ°ã«ãããŠããã®ãªããããã§ååã§ãã å€ãã®å Žåãçã¿ã®æ²»çãå¿ èŠãªã»ã©æ·±å»ãªå Žåã¯ãæãå®äŸ¡ãªè³éã調éãããã€ãªãã¯ãããžãŒã®æäŸãè¡ããŸããã
ç§ãã¡ã¯ãããŸã§ããœãŒã·ã£ã«ã¡ãã£ã¢åºåã«ãã£ãŠèª¿éããã3ãã«ããã30ãã«ãš100ã»ã³ããè²»ãããŠããŸãããããã¯ãäžæ¯æ§ã®ãªãé®çå€ã§ãããäžæ¯æ§ã®ãªãéãªããªã€ãé®çå€ã§ãããæ¬åœã«æ·±å»ãªããŒãºãæºãããããçŸãããã®ã§ããå€ãã®äººãååã«ç¥ã£ãŠããããšã§ãã ãããŠåœŒãã¯ããããµããŒãããããšæã£ãŠããŸãã ãããŠãããã¯å€ãã®äººã ã®ç®ã«è¯ãæè³ã§ãã ç§ã¯ããããŒã«ãŒã§ã¯ãªãã®ã§ãç§ãã¡ã®åŸãã«æäŸããããšã«ãã£ãŠäŒç€Ÿèªäœã宣äŒããããšã¯èš±å¯ãããŠããªãã®ã§ãç§ãèšãããšã«æ³šæããå¿ èŠããããŸãã 倧æåã§ããã ããã£ãïŒ ã ããããããã®äººã ã¯ããªãã«ã¢ã€ãã¢ãäžãã楜芳䞻矩è ã§ãã ç§ãã¡ã®ãã©ãããã©ãŒã ã§æè¿ãã£ãŠãããéã®60ïŒ ã¯ãã¹ããŒããã©ã³ã§æè³ããŠãã人ã ãšãæéã®çµéãšãšãã«ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ããã»ã¹ã«æè³ããXNUMX人ã®äººã ããã®ãã®ã§ãã ãã®ãã¡ã®XNUMXã€ãXNUMXã€ããã®æåã®èšªåã«æè³ããã§ãããããããŠããã¯èµ·ãã£ãŠããŸãã 圌ãã¯æ¥œèŠ³çãªã°ã«ãŒãã§ãããïŒ ããªãã¯åœŒããå®å šã«æ å ±ãäžããããŠããããšã確èªããããã«éåžžã«æ³šæããªããã°ãªãããããŸãã«ãå€ãã®ãããŸãã«ãå€ãã®è¯ããã®ãæ³å®ããŠããŸããã ããã«è¡ããŸãã 圌ããæè³ããçç±ã«ã觊ããŸããã ããã£ãã ããã§ããªãç§ãåŸã§ã³ã¹ããšäºæã«å ¥ãã®ããç§ã¯ä»ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®èŠéãã§ããããã«ããŒããŸããã§ããããããæã ã¯ãããã«å°éããŸãã ããã§ã¯ããªãIPOãè¡ãåã«ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãªãã¡ãªã³ã°ã䜿çšããã®ã§ããããã ããããããªããç¥ã£ãŠãããããã®çç±ã¯äœã§ããïŒ ãããã£ãŠãããããäž»ãªçç±ã§ãã
ããªããéžæãããã®ã«åå匷ãã®ã§äŒç€ŸãSoneIPOãŸãã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A + IPOãäœãããšãã§ããå Žåããããã¯ããªããããããã®æè³å®¶ãåŸãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãéããŠã®å©ç¹ã§ãã ãããã£ãŠãæ¬ç©ã®æµåæ§ãåŸãããŸãã XNUMXæãäžå Žããå Žåãæµåæ§ã¯æ ªäŸ¡ãç¶æããã®ã«éåžžã«åœ¹ç«ã¡ãŸãã ãããŠããã¯åžå Žãæãã§ããããšã§ãã äžå ŽäŒæ¥ãšããŠã¯éåžžã«æçã§ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®æ¹æ³ã䜿çšããå Žåãç£æ»ã«æ¯æãéé¡ã¯ã¯ããã«å°ãªããæ³çæåºææ°æã«æ¯æãéé¡ãã¯ããã«å°ãªããªããŸãã ããžã·ã§ã³ã¯ãŸã IPOã§ã¯ãããŸããã ããã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§ãã ãããã£ãŠãç¹ã«XNUMX幎éã®ç£æ»ã®é·ãæŽå²ãæã€äŒæ¥ã®å Žåãæéã¯ã¯ããã«äœããªããŸãã PCAã§ãããè¡ãããä»ããç£æ»ããããšã¯ãå§ãããŸããã
ããã¯ãã£ãšããããã®ãéããããã§ãããã ããªãã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®ç±³åœã®ã£ããã¬ãã«ã®ç£æ»ãè¡ã£ãŠããŸãããããã§å ¬éããã«ã¯ååã§ãããïŒ ãããŠããã®åŸã®ãã¥ãŒããªã¹ããååŸããŸãã 次ã®ååæã®æ¬¡ã®äººã®PCAOBç£æ»ãè¿œå ããŸãã ãããŠãããªãã¯ãã§ã«ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãä»ããŠãããè¡ã£ãŠããã®ã§ããªã¹ãã«å®äŸ¡ãªåŒè·å£«ãéãå¿ èŠã¯ãããŸããã ãããã£ãŠããããã¯éèŠãªçç±ã§ãã ããäžã€ã®éåžžã«éèŠãªçç±ã¯ãæã 人ã ããããããšããããšã§ãããããŠãããIPOãšåœŒããããã®ããã«ååãªãéãéããããšãã§ããªãçç±ã§ãã ãã¶ã圌ãã¯ãªã¹ãã«12äžã調éããããã«è¡ãã圌ãã¯10ãŸãã¯XNUMXã«éããŸãã ãããŠãäœããã®çç±ã§ãåŒåäŒç€ŸãšäŒç€Ÿã¯ãããééããŸããã ãããŠã圌ããã©ãã ãã®ãéãéããããæšæž¬ããã®ã¯äœã ãšæããŸããïŒ å€§ããªãŒãããŒãã«ãããããã®è²»çšã«è«å€§ãªéé¡ãè²»ããã[inaudible]ãªã©ãæåºãããããŒã«ãŒãã£ãŒã©ãŒãåŒåææ°æãªã©ãæåºããè¿éäžå¯ã§ãããæ£ã®ãéã¯ãããŸããéè¡ã§ã
楜ããå Žæã§ã¯ãªããé¡ã«åµããããŸãã å³ïŒ ãããã£ãŠãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¯ãåãäžæ¯è ãåã匷床ã§ããå Žåããªã³ã©ã€ã³ã§è³éã調éããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãäºåã«èª¿éããŸãã ã ãããããªãã¯è¡ãã«ã€ããŠãã®ãéãéããããšãã§ããã§ãããã ããªãã¯ããããã¹ãŠãããããŠããããè¿ãå¿ èŠã¯ãªãã§ãããã ã ãããããªãã¯å®éã«è³é調éãããŸãããããŠããã¯ãéã®å®å šãªç¡é§ã§ã¯ãããŸããã ããã¯ãåŸã§ãã 圌ã¯ãªã¹ãããŸããã§ãããããããŸãããããªãã¯ãªãã·ã§ã³ãæã«å ¥ããŸããã åŸã§æ»ã£ãŠããããšãã§ããŸãã ç§ãã¡ã¯ããäœãåžå Žã«äžå Žããããšãã§ããŸãããå°ãªããšãæ°ã®å©ãããéã調éããŸãããïŒ ããã¯å€§ããªå©ç¹ã§ãã ç§ã®äžéšã¯èªããŸããç§ã¯ã€ã®ãªã¹äººã§ãã ãããŠãç§ãèªåèªèº«ãææŸããªãã°ãç§ã¯èªãã§ãããã ãããŠããããšãããªããç¥ã£ãŠãããããªããã¡ã¯ããã楜ãããããããå«ãã§ãããã ããã§ãç§ã¯ããã«æ³šæããªããã°ãªããŸããã§ããã
ã€ãŸããäŒæ¥ãYPOã«å¯ŸããŠã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã䜿çšããçç±ã¯ä»ã«ããããŸãã ç§ãã¡ã¯çŸåšãIPOãè¡ãã®ã«ååãªåããªããã®ç¶æ³ã§ããã€ãã®äŒæ¥ãšååããŠããŸãã ããã§ã¯ãããŸããã ããããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§14äžãã«ã調éããå Žåãè©æ¬ºã¯ååã«çºçããŸãã ãããããªã¹ãããããã«å¿ èŠãªåå²ãããŠããªããµããŒããååŸããŸãã å®éã®ãšãããåŒåäŒç€ŸãšåŒåäŒç€Ÿã¯ã¹ããŒã¹ã¢ã³ããŒã©ã€ã¿ãŒãšããŠãéåžžã«ç°¡åã«ãªãã¡ãªã³ã°ãè¡ãããšãã§ããéåžžã«è¯ãææãçµéšããŠããã圌ãã¯ãããããªããèŠæ±ãå³ãããªã£ãŠããŸãã ã§ããããè¯ãäŒç€Ÿã§ããé©åãªåŒåäŒç€Ÿã«è¡ã£ãŠãèšãããããšãã§ããŸãã ãããããã§ãã ããã£ãã ã ãããç§ã¯æåã®8äžãç²åŸããããããç§ãã¡ã¯è¡ãããšãã§ããŸããããªããç¥ã£ãŠããã誰ãããã§è¡ãããšãã§ãããä»ã®äººãééã£ã人ã«è¿ã¥ããŠãããããããŸããã
äœå®¶ãšãã¹ãŠã®åæ§æè ãååŸããŸãã ããã ãããã®ã³ããã·ã§ã³ã«45Kã®ã³ããããæ¯æããŸããã ãããŠãããã¯æ¬åœã«ååã«åŒ·åãªäŒç€Ÿã§ã¯ãªãã®ã§ãäœãèµ·ãããŸããã ãã®äžã§å€ãã®äººãããããã ãããšèšã£ãŠããã®ã§ã¯ãããŸããã ç§ãã¡ã¯ããªãã«ãŽã£ããã®åŒå人ãèŠã€ãããµãŒãã¹ãæäŸããŠããŸãã ãããšããããŠæããã«ç§ãã¡ã¯åœŒãã誰ã§ããããç¥ã£ãŠããŸãã ããããç§ã®ãã€ã³ãã¯ãã¢ã¹ãã¡ã«ãIPOãè¡ãããã«ãåå²ãããŠããªããµããŒããåŸãã®ã«ååã«éåžžã«èå³æ·±ããæ¬åœã«èå³æ·±ãäŒæ¥ããããšããããšã§ãã ç§ãã¡ã¯å¢ããšæèãæ§ç¯ããç¹ã«æ°å€æè³å®¶ãéè¡ã§ãéã皌ãããšã§ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãè³Œå ¥ããæ ã®éäžã§åãåŒåäŒç€Ÿã«æ»ãããšãã§ããŸãã ããããã ä»ã§ã¯ãã£ãšç°¡åãªè©±ã§ãããïŒ ããã¯ãã§ã«æåãã補åã§ããããšã ãã§ã«æåããã¬ã€ãºã§ãã ãããæ£ããç¹æ§ãæã£ãŠãããã©ããã ä»ãç§ãã¡ã¯ã§ããããã«ãªãã圌ãã¯å ¬éãããç§ãã¡ããããããããšãéåžžã«åãã§ããŸãã
ãã®ãããäžé£ã®ã€ãã³ãã¯ããã®ãããªèšç»ã念é ã«çœ®ããŠãçŸåšXNUMXã€ã®äŒæ¥ãååããŠãããã®ã§ãã ãŸã ãµã€ã³ã¢ããããŠããŸããã ãŸã ããããšæããŸãã ç§ã®é»è©±ã¯ãŸã ç§ã®è³ã«é³Žã£ãŠããŸããããã倧äžå€«ã§ãã èãããŸããã ã¯ãã ã¡ãªã¿ã«ãããã§è³ªåãæžããŠããã ããã°å¹žãã§ãã æåŸã«å šåã§ãçãããŸãã äºè§£ããŸããã ãã©ã³ã¹ãåããŸãã ããã æåŸã«è³ªçå¿çãè¡ããŸãã ããã§ãªããã°ãç§ã¯ç§ã®æµãã倱ããç¥ã¯äœãèµ·ããããç¥ã£ãŠããŸãã ããªããç¥ã£ãŠãããç§ã¯ã«ã€ãã¯ãäœãã«ä¹ã£ãŠãå€ã«åºãŠããžã£ã³ããããããããŸãããããã¯èª°ã«ãšã£ãŠã圹ã«ç«ããªãã§ãããã ã¯ãã ãããã£ãŠããã®ããã«ã¯ãNASDAQã®ããé£ã§IPOãè¡ãã»ã©åºæ¬çã«é åçã§ã¯ãªãäŒæ¥ã«ãšã£ãŠãããã¯éåžžã«è¯ãæ¹æ³ã§ãã
ç§ãã¡ã¯ç£ã®æ§è³ªãå€ããããšãã§ããŸããããã§åœŒãã¯å®éã«ãªã¹ãããããšãã§ããŸããããã§ãã ã ãããããã¯è¡ãã®ã«è¯ãæ¹æ³ã§ãã ãããŠããããé©åã§ãããšããããã¯éåžžã«é©åã§ãã ãããšã倧äžå€«ã§ãã ããã§ç§ã®ã¡ã¢ã確èªããŠãã ããã ããã äŒç€Ÿã¯ãããé²ãã«ã€ããŠããé åçã«ãªããšæããŸããåºæ¬çã«ãIPOãžã®ã«ãŒãã§ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®è¡ããããšã®ããäžã€ã®å©ç¹ã¯ãã¬ã®ã¥ã¬ãŒã·ã§ã³A + POSãä»ããŠå®è¡ããå¿ èŠããªãäž¡æ¹ã®äŒç€Ÿã«é©çšãããŸãã ãããŠãããããŠããã®ã¯ãç§ãã¡ããã©ã³ãã¢ã³ããµããŒãæ§ç¯ããŠãããšããããšã§ããã¹ã©ã€ãã äŒç€Ÿã®äžéšã«ãªããã¹ãŠã®äººã¯ã圌ããããã奜ãã§ã圌ããæš©å©ãäžããããªãã®ã§ããããªãã§ãããã ããã§ãªããã°ã圌ãã¯è©±ãããããã«ã€ããŠåœŒãã®ä»²éã«è©±ãããã«ããã«åºãªããã°ãªããŸããã§ãããããã¯è²©å£²ã«ãšã£ãŠè¯ãããšã§ãã ãããŠããããæããã«æœåšçã«éåžžã«è¯ããã®ã§ããã°ãäŒç€Ÿã®è£œåã®æ§è³ªã«ããããŸããã倧äžå€«ã§ãã
次ã«ãç§ãååŸãã次ã®ã»ã°ã¡ã³ããšIPOã¹ã±ãžã¥ãŒã«ã«é²ã¿ãŸãã ã€ãŸããåºæ¬çã«4ã€ã®ã¹ã±ãžã¥ãŒã«ããããŸãããïŒ ãšã«ãããããã§ããŠã倧èŠæš¡ãªäŒæ¥ã«ãšã£ãŠãç¹ã«åœæã®ãã¡ã³ããŒã¹ã顧客ãªã¹ããå€ãã£ãå Žåããã®ç¹å®ã®ã±ãŒã¹ã§ã¯ã岡æ¬ã§ãã£ãããšãè¡ãããšãã§ããŸãããïŒ ç§å æ°ã¯ãWRãã³ãã¬ãããåŒå人ãç§ãã¡ãå·¥å Žãè³é調éãã©ãããã©ãŒã ããããŠäžèŒªé»æ°èªåè»ã®ããã«æéããããŠæ§ç¯ããŠãããœãŒã·ã£ã«ã¡ãã£ã¢ãžã®ç±çã®å€§å¢ã®èŽè¡ãæã£ãŠããŸããã ããã§ã圌ãã¯ããªãæ°ã®å©ããããšãéåžžã«éããç°åžžã«éãããããšãã§ããŸããã 圌ãã¯å人æè³å®¶ãããªã³ã©ã€ã³ã§2,000åãã«ã調éããŸããããããšããåç¥ã®ãšãããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãžã®å¹³åæè³é¡ã¯çŽ15ãã«ã§ãã ãããŠã圌ãã¯ã©ã€ããŒã®ãã³ããã¬ãŒãã§XNUMXäžã調éããIPOã®ããã«éåžžã®ããšãããŸããã
ãããŠã圌ãã¯äžå Žããå®éã«åœŒãã®æ ªäŸ¡ãæã£ãŠããŸãã ããŸããã£ãŠããŸããããããã¯ã圌ããããããçç£ããããã«è»ãæã£ãŠããããšããé ãé¢ããŠããã®ã§ãèªç¶ã«å埩ãå§ããŠããŸãã ããã«ããã®ã¯å€§å€ã§ã販売ããã°ããã®é»è©±ã®æ°ãªã©ã«é¢ããäž»èŠãªãã¥ãŒã¹ã®çºè¡šãããŸãå€ããªããŠãããã颚ã«çŸœã°ãããŸãã ãããããã€ã³ãã¯å€§èŠæš¡ãªãã¡ã³ããŒã¹ã§ãããããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§ãªã³ã©ã€ã³ã§4äžãã«ã調éããããšãã§ããŸããããã¯ããŸãã«ç§ãã¡ã圌ãã«å¯ŸããŠè¡ã£ãããšã§ãã ãããããã®å Žåã§ããã¡ã³ããŒã¹ããªãããäžè¬çãªã±ãŒã¹ã§ã¯ãäŒç€Ÿãç¬èªã®IPOãè¡ãã®ã«ååãªåŒ·ããããå Žåã«äŒç€Ÿãæ¡çšããããšãéžæããå Žåã圌ãã¯åŒ·ãå Žåã«è³éã調éããããšãéžæããŸã[inaudible] IPOãè¡ãã®ã«ååã§ãã ãããšãããã圌ãã¯ç§ã䞊ãã§è¡åããçç±ã§ã¬ã®ã¥ã¬ãŒã·ã§ã³A + IPOãè¡ãããšãéžæããŸããããã圌ãã¯ããªãããã åŸãããšãã§ããªãã®ã§ç§ãã¡ããªã³ã©ã€ã³ã§4é±éã§XNUMXäžãã«ãå®éã«éããã€ããã¯ãªããšãã倧ããªãã¡ã³ããŒã¹ãæã£ãŠããŸããåºåãå¹ççã«è²»çšå¯Ÿå¹æã®é«ãæ¹æ³ã§æ©èœããããŒã±ãã£ã³ã°ã
ããã¯èµ·ãããŸããã ã¡ã¬ããã¯ãå¹ççã«äœ¿ã£ãŠããããã®ãéãéããããšã¯ã§ããŸããã4é±éã§8äžãéããããšã¯ã§ããŸããã ããã£ãã ãããã£ãŠããã®ããçŸå®çãªã·ããªãªã§ã¯ãäŒç€Ÿããã§ã«äº€æžããæåŸ ã«å¿ããããã«ããªã³ã©ã€ã³ã§8äžãã«ã調éããå¿ èŠããããšããŸãããããŸãã¯ãç§ãã¡ã¯åœŒããåŒå人ãšäº€æžããã®ãæäŒããŸããã ãã®å Žåã8äžãã§ããã ãæ©ãååŸããŸãããããã»ã¹ã®å¹çãç¶æããŠããŸãããã ãã®ãããXNUMXäžäººã調éããã®ã«XNUMXãæããããããããŸããã ãã®ãããªãã®ãæžãã®ã«XNUMXã¶æããããããããŸããã ãããŠã圌ãã¯æ°Žäžã«è¡ããŸãã ãšã«ããç§ãã¡ã¯åžžã«ã³ãã¥ãã±ãŒã·ã§ã³ãåã£ãŠããŸãããããŠåœŒãã¯åœŒãã®ããããããŸããããã¯XNUMXé±éåãXNUMXæéã®ãªã¹ãã§ãããïŒ ã¬ã®ã¥ã¬ãŒã·ã§ã³A + IPOã§ã®ä»çµã¿ã¯ããã¹ããªã¹ãã§ãã äŒç€Ÿãã¢ããã°ã¬ãŒãããäžé£ã®ãã¡ã€ãªã³ã°ãXNUMXã€ã®ãŠã§ã¹ãXNUMXã¬ãã«ããããŸãããããããã¯ç°¡åãªãã¡ã€ãªã³ã°ã§ãã
ãããŠãç§ãã¡ãããªããé£ããŠããæåã®å Žæã§ããªããååŒã«å°ããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®åŒè·å£«ã¯ããã®ãã¹ãŠã®ä»äºãããããšãã§ããŸãããïŒ ãããŠãããã¯ã²ã©ãé«äŸ¡ã§ã¯ãããŸããã ãããŠãæåŸ ã©ããã«äžå ŽããåŸã第XNUMXååæã®PCAãŸãã¯ç£æ»ãååŸããå¿ èŠããããŸãã ãããããããä»ããªããå ¬éããŠãããã®ã¯äœããããŸããã ä»ãããªãã¯ãªã¹ããããŠããŸãã ä»ãåé¡ã¯ãã¡ãããæ ªåŒä»²è²·äººãåæ§æè ã®æŸæ£ã§è¡ãããšãèš±å¯ãããŠãã裞ã®ç©ºå£²ãããããªãã®ä¿å®å®ã®äŸ¡æ Œãä¿è·ããããã®äžé£ã®è¯ããã¥ãŒã¹ã®çºè¡šãããããšã§ãã ã§ããããå»è ãç®éãããŠæåããäŒç€Ÿã«ãªãã ãã§ã¯ãããŸããã ä¿å®çãªè²¡åââ管çãå®æœããå¿ èŠããããŸãã ããã§ãããªãã¯ããªãã®çµè²»ã¬ãã«ãšçŽ æŽãããCFOãããã§ãããæ·±å»ãªæºåéã管çããŸãã ãããŠãç§ã¯ãã®ãããªããšãããã®ã§ããã®çç±ã§ããªãã®äººã ãèšç·Žããããšãã§ããŸããã å¿ èŠã«å¿ããŠãããã¯æåçãªããšã§ãããïŒ
æºåãããããã«ãXNUMXã€ã®ãªã¹ããå®è¡ããäŒç€Ÿã®æ ªäŸ¡ãå®è¡ããå Žæã§å®è¡ããæºåãããŸãã ãã®åŸãããªãã®ä¿å®äž»çŸ©ããããŸãã äºæž¬å¯èœæ§ã¯CFOã«ããäºæž¬å¯èœæ§ã管çããèŽè¡ãžã®ã³ãã¥ãã±ãŒã·ã§ã³ã管çãããã¥ãŒã¹ã¢ããŠã³ã¹ãè¯ããã¥ãŒã¹ãã¢ããŠã³ã¹ã管çããŸããéã¡ããã¿ãŸãããããªãã®è²»çšã§å€§éã皌ãããã«ã ãããè¡ãå Žåãå ±é䟡å€ããããåºèãäŒç€Ÿãžã®é¢å¿ãé«ããã®ã«ååãªã»ã©åŒ·åãªäžé£ã®å®æçãªçºè¡šãè¡ããšããããã¯å¥ã®å Žæã«ç§»åããŸãããïŒ äºå®ã®ããã«ããã¹ãŠã®äŒæ¥ããã®èœåãæã£ãŠããããã§ã¯ãããŸããã ããã§ãããªããããã«ã€ããŠèãããšããããªãããªã¹ãããããªãããããèŠããŠãããŠãã ããããªããªãããªãã裞ã§ãã颚ã«çŸœã°ãããXNUMX幎éãã¥ãŒã¹ã®çºè¡šãæ¥ãªããªããããªãã®åšåº«ã¯äžäžããããããããŒã¹ããã¯ãŸãã¯ããã«ã€ããŠã®ããã€ãã®æããããã®ã«ãªããŸã§ããŠã³ããŸãã
ãããŠãããªãã¯äžæè°ã«æãã§ãããããããããã®ã¯è¯ãèãã§ãããïŒ ããŠãããã¯ããèªäœã®å šäœã®è©±ã§ããç§ã¯ããªããã¡ãèšç·Žããããšãå¬ããæããŸãã ããªãããã®éãããŠãããªããç§ãã¡ã¯ãããæ£ããããŸããã ç§ãæåã®IPOã§ééã£ãããšãããã®ã§ãç§ã¯ãã®IPOã®å¶æ¥æ åœå¯ç€Ÿé·ã§ããã ãããŠãCEOã¯çŽ æŽããã人ã§ãããæ¬ç©ã®èµ·æ¥å®¶ã§ããã圌ã¯è °ããæã¡ãŸããã 圌ã¯ãããäžããŸããã圌ã¯ãžã£ãŒãã«èšç»ãããé«ãã¢ããªã¹ãã³ãã¥ããã£çªå·ãäžããŸããã ãã®ããšã¯æ¬åœã«ããã人çãéåžžã«å°é£ã«ããŸããã ç§ã¯è²©å£²ãè¡ã£ãŠããŸããã ãã®ããã眰éã®äžéšã§ã¯ãªããSymantecã®åºæºã«æºæ ããå¿ èŠããããŸããã ç§ãã¡ã¯æåã®ãæåã®16ååæã®æçš¿ãªã¹ããäœæããŸããããäžè¬ã®æåŸ ãããåªããææãäžããŸããã åžå Žã®æåŸ ã16ååæäžåããŸããã ããã§ãç§ãã¡ã®æ ªã¯çŽ æŽãããããããã®æ©é¢æè³ãããŸããã
ç§ãã¡ã¯ãŠã©ãŒã«è¡ã®ææã®äººã§ããããïŒ ããã¯ã«ãžã¥ã¢ã«ã§ã¯ãããŸããã ããã¯ã©ã³ãã ã§ã¯ãããŸããã ããã¯çå£ãªåªåã§ããããšã«åãçµãå¿ èŠããããŸãã ã¯ãã ãããã£ãŠãæããã«ãåŒåãµããŒããåŸãã®ã«ååé åçã§ã¯ãªãäŒç€Ÿã®ããã«ã¬ã€ãºãè¡ã£ãŠããå ŽåãNASDAQäžå Žãè¡ãããã«ãè³éã調éããè³éã調éããããšã¯æããã§ããæéããŸãã¯ç§ãã¡ã¯ãããè³Œå ¥ããŸããã ç§ãã¡ã¯ãããæ£ããè¡ããŸãã éåžžã¯12äžã調éã§ããŸãããNASDAQã«äžå Žããã«ã¯ãæ ªäž»æ§æã14ã€ã®åžå ŽäŸ¡å€ãªã©ã«å¿ããŠãæåŸã«ãªã¹ãããã®ã«ååã§ãã ããããç§ãã¡ã¯ããããŸããã§ãããç§ãã¡ã¯ãããè¡ãããšãã§ããããã«ã¯ãã°ããæéãããããšäºæ³ããŠããŸãã ãããŠççŽã«èšã£ãŠãè³¢æãªæ¹æ³ã¯ãç§ãã¡ãé åçã§ãããšããããªããæ£ããå£ããåŒå人ããã®é¢å¿ãåãããã«ç§ãšäžç·ã«åããŠãããšä»®å®ããŠãç§ã¯ããªãã«ä»£ãã£ãŠãããã«è¡ããšããããšã§ãã
ãããŠãç§ãã¡ã¯äžç·ã«åŒã£åŒµã£ããæããã«ç§ã¯ããªããã¡ãšäžç·ã«ããããåŒã£åŒµã£ãã ç§ãã¡ã¯ãããããŸãšããŸããã ããã¯äŒç€Ÿã«ãšã£ãŠè¯ã売ã蟌ã¿ã§ãã ç§ã¯åŒå人ã«ã¢ãããŒãããŸããç§ãã¡ã¯åœŒãã®åå¿ãåŸãŸãã ãããŠããããååãã§ããå Žåãããã¯ç§ãã¡ãé©åãªã¿ã€ãã³ã°ã§é©åãªæ¹æ³ã§ãããè¡ãããã§ãã ãã®æç¹ã§ãããªããšç§ãã¡ã¯ååŒã亀æžããŸãããããŠããã¯åãã£ãŠ40 K 45 Kã®è²»çšãããããŸããéåžžã¯åŒå人ã䞻幹äºãš8ïŒ ã®ææ°æã12ïŒ ã®ææ°æãšã¯ã©ã³ãã¯åãé¡é¢äŸ¡å€ãæã£ãŠããŸãããããä¹ããŠãã ããã ããããããªãã¯æåŸã«ãããããã ãã§ãã æºåãã§ãããããããããåã«ãããããŸããããïŒ åœŒãã¯ã圌ããé¢äžããåŸã«ãã©ãããã©ãŒã ã§èª¿éããããéã®ããããã®æ¯æããæãã§ããã§ãããã ããªãã¯ä»¥åã«åœŒãã«ãã®ãéãæããããããŸããããããŠä»ã¯ç§ãã¡ãé åçã§ãããšãã§ãã ã€ãŸãããªã³ã·ã§ã¢ã§çã«ããªã£ãŠããäžé£ã®ã€ãã³ãã¯ãç§ãã¡ã説åŸåã®ãããã€ã³ãã«å°éãããŸã§ã«XNUMXãæãããå¯èœæ§ããããŸããæããã«ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§è³éã調éãããããæ£ããå®è¡ããããšãèš±å¯ãããŠããXNUMXãæã®ãã¡ã®æºåãã§ããŠããŸããæ£ããåŒãåããããéšåãè¶ ããŠã¯ãããã»ã©åçŽã§ã¯ãããŸããã ãããŠãããã«ãããéãéããã®ã«XNUMXé±éåããããŸãããããã¯éåžžã«éãã§ãã ããã¯ç°¡åã§ãã
ã¯ãã ããã§ã«ããŒãããããšãã«ããŒãããã©ããã確èªããã ãã§ãã
ããã ç§ãã¡ãåãçµãããšã¯ä»ã«ããããŸãããããã§èªåçã«åºãŠãããã®ãã¢ã³ããŒã©ã€ã¿ãŒãã¢ã³ããŒã©ã€ã¿ãŒã«ã©ã®ããã«å¯ŸåŠããã®ã§ããïŒ ãã¬ãã¥ãŒã衚瀺ããŸããã ã ããç§ã¯åŸã§ãããããããã«åŸã質åãèŠãããšãã§ããŸããããããŠç§ã¯ããããç§ãããããããšãå¬ããæããŸãã ãããšãç§ã¯ãã¹ãŠã®è³ªåã«çããã®ã¯ããã¹ãŠã®è³ªåãå€ãããå Žåã«çããŸããå€ãããå Žåã«æã䟡å€ãä»å ã§ãã質åã§ãã ã§ã¯ãæéã©ããã«ã©ã®ããã«ãã£ãŠããŸããïŒ å€§äžå€«ã§ããïŒ ã§ãããããããšãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®ãããªåŒå人ã誰ã§ããããç¥ã£ãŠããŸããããã¯ãåé¡ã«ãªããªãããã«ååããã®ã«é©ããŠããŸãã ãããŠãç§ãã¡ã¯ããã§è¡ãããšãã§ããŸãã ä»ããã®æã ãšããŸããããç§ãã¡ããããã®ã¯ã€ã€ãŒãã©ã§IPOããŸãšããããšãã§ãããã©ãããç¥ãã®ã«é©åãªææã§ãã
ã ãããç§ã¯ããªããå©ããŸãã åã«èšã£ãããã«ããã¬ãŒã³ããŒã·ã§ã³ããŸãšãããšãããã¯é£ã¶ã§ãããã ãããŠãç§ã¯ãããã«è¡ãããããã®äººã ãšé¢ãããŸãã é»è©±ããããããŒã«ãåã«é²ããŸãã ãããŠãç§ã¯ãããã®åŒå人ãšå ¬æ£ãªååŒã亀æžããã®ãæäŒããŸããã ãããŠããåç¥ã®ããã«ãããã¯éåžžããªãŒãã¢ã³ããŒã©ã€ã¿ãŒãžã®XNUMXã€ãXNUMXã€ã®ãªãŒãã§ãããããã«XNUMXã€ããªãŒãã°ã«ãŒããšããŠXNUMXã€ã«ãªãããããè³éã調éããŸãã ãããŠãã¡ãããããã§ãªããã°èª¿éããããã«æ®ããããéã§ãªããã°ãªããŸããããªãç§ãã¡ã¯ãããããã®ã§ããããïŒ ã€ãŸãã圌ãã«ãšã£ãŠã圌ãã«ãšã£ãŠã圌ãã¯ãéã皌ãããšãã§ããªãéããç§ãèå³ãæã£ãŠããèžè¡ã«èå³ããªããšããããšã§ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ããã»ã¹ããŸã åããŠããªããçŽæ¥ãªã¹ããäœæãããªãã·ã§ã³ããããŸãã ç§ã¯ãããã®æåã®ãã®ãããã®ã楜ãã¿ã«ããŠããŸãã ãããŠããã«ãããªãã¯ãã®ã¢ãããŒããåãããšãã§ããŸãã ã§ããããããããªãã·ã§ã³ã§ããã¢ã³ããŒã©ã€ã¿ãŒãªãã§ãªã¹ãããããã«å¿ èŠãªãã¹ãŠã®èŠä»¶ãæºãããŠãããããã¢ã³ããŒã©ã€ã¿ãŒã䜿çšããªãå Žåãããã¯éåžžã«å®è¡å¯èœãªããšã§ããããŸã å®è¡ãããŠããŸããã
ã³ã¹ããšãã®ä»çµã¿ã«ã€ããŠã¯ãã§ã«è§ŠããŸããã 圌ãã¯ã·ã³ãžã±ãŒããæ§ç¯ããŸãã ã·ã³ãžã±ãŒãã¯åºæ¬çã«ã䞻幹äºäŒç€Ÿã«æ¯æãããææ°æã§ãã éåžžã6人ã®ã°ã«ãŒããäžå¿ã§ãã ããã§ã圌ãã¯ãã®äžã®8ãŸãã¯XNUMXïŒ ãæ¯æãããã·ã³ãžã±ãŒããçµã¿ç«ãŠãŸãã ãããŠæ®ãã¯åœŒãã«è¡ããŸãããïŒ ã ããã圌ãã¯åœŒãèªèº«ã®é¡§å®¢ãšåœŒãèªèº«ã®ä»äºãããã§ãããã ãããŠã圌ãã®äžã«ãããŒã«ãŒãã£ãŒã©ãŒã®ã·ã³ãžã±ãŒããéãŸãã§ããããç§ã®æ¯åã¯ç§ã®æ³šæãæãã§ããŸãããããã¯ã¯ãŒã«ã§ã¯ãªãã誰ã«ãªãã§ãããããããšããµãããã€ãã®åå Žãããªãããããããªããã·ã³ãžã±ãŒãã¡ã³ããŒãç§ãã¡ã¯åœŒãã®éã«äŸ¡å€ãããããã«ããã®ã«ååãªãéã皌ãã§ããŸããïŒ ãããŠãããXNUMXïŒ ããã®èŠæš¡ã§ãªããã°ãªããªãçç±ã§ãã ããã§ãªããã°ãããã§ã¯ãããŸãããè¡ãã®ã«ååãªãéããããŸããã§ããã æ£ããã ã¯ãã ã¯ãã
ãã®ãŠã§ãããŒã®é²ç»ã¯ãé²ç»ããŠããã®ã§ããã¡ããã¡ãã«ãªã£ãŠé²ç»ãããªãããšãããã®ã§éä¿¡ããŸãããããã«åŸã£ãŠé²ç»ããŸããã ã ãããé²é³ããããŸãã ã¯ãªãã¯å¯èœãªã€ã³ããã¯ã¹ã§ã¢ã¯ã»ã¹ã§ããããã«ãªããŸãã ãããã£ãŠãéå±ãªããããã¹ãããããŠãæ°ã«ãªããããã«ç§»åã§ããŸãã å®äºããããããã°æçš¿ã«æçš¿ãããŸãã ä»æ¥ããXNUMXé±é以å ã®XNUMXé±é以å ã«å®äºããŸãã ã¯ãã çŸåšãããŒã±ãã£ã³ã°ãšã³ã¹ããããŒã±ãã£ã³ã°ãšããŒã±ãã£ã³ã°ã®ã³ã¹ããšäžè¬çãªã³ã¹ãã ãããã£ãŠãäž»ã«ããŒã±ãã£ã³ã°ã§ã¯ãäŸå€ããããŸãã äŸå€ã¯ãããªãã倧èŠæš¡ãªãã¡ã³ããŒã¹ãæã£ãŠããããããªããæããŠãã倧èŠæš¡ãªé¡§å®¢ããŒã¹ãæã£ãŠããããšã§ãã ãã³ã®ããŒã±ãã£ã³ã°ã¯å®äŸ¡ã§ãããé åçãªãªãã¡ãªã³ã°ããŒãžã®äœæããã®ãªã¹ãã«ç§»åããããã®ãã°ãããé»åã¡ãŒã«ã¡ãã»ãŒãžã®èšèšãããã³ãããããã®è³é調éã«ãã¹ãŠçŠç¹ãåœãŠãããŠããŸãã
ãŸãã¯ããœãŒã·ã£ã«ã¡ãã£ã¢ãããããåã蟌ãããã®é©åãªã³ãã¥ãã±ãŒã·ã§ã³ãèšèšããŠããå Žåã¯ããã®çŽ æµãªã·ããªãªã§ã®æºåè²»çšãé€ããŠãå®è³ªçã«ç¡æã§ãã®æ¹æ³ã§ãã¹ãŠã®ãéãéããããšãã§ããŸãã ç§ãç¥ã£ãŠããããäŒç€Ÿã¯ããŸãã«ãã®äŒç€Ÿãvidangelã10äžãã«ã調éããããšãããŸããã 12æ¥éã§ã®æ倧å€ã¯ãæè³å®¶ã«ãããŸãã 圌ãã¯åé¡ãæ±ããŠããã®ã§ã圌ãã¯çŽ10æ¥éã®äŒæ©ãåããŸããã圌ãã¯ãã®åé¡ã解決ããããã«åœŒããèšã£ãåé¡ã«å¯ŸåŠããªããã°ãªããŸããã§ããã ãããŠã圌ãã¯åã³ã©ã€ãã«ãªããŸãããã圌ãã¯åã«30,000äžäººã®æã幞ããªé¡§å®¢ã«é»åã¡ãŒã«ãéãããšã«ãã£ãŠãã®ãéãéããŸããã ããã¯åœŒããããã宣äŒããªãã£ããã¹ãŠã§ãããé«äŸ¡ã«ãªããéèŠæ§ãããããœãŒã·ã£ã«ã¡ãã£ã¢ãã»ãšãã©ãªããææ©çãªæçš¿ãçŸããæäŸããŒãžããããŠãã¡ããšããã¡ãã»ãŒãžã§ãã 10æ¥éã®ã©ã€ãã§12äžãã«ã¯ãç§ã®ç¥ãéãã®èšé²ã§ããã圌ãã«ãšã£ãŠãã倧ããªåã§ãã ç§ãã¡ãç®ã«ããäŒæ¥ãå¢ããã»ã©ã圌ãã¯éåžžã«ç°¡åã«ããã«ããã§ãããã
ãã¡ããã顧客ããŒã¹ããã¡ã³ããŒã¹ãååã«ãªãéåžžã¢ãŒãã§ã¯ãåé¡ãäŒç€Ÿã¯ããŒãããæ§ç¯ããå¿ èŠããããšããããšã§ã¯ãããŸãããïŒ ã§ããããã¡ãããããªããç§ãã¡ãšäžç·ã«åããŠãããªããç§ãã¡ã¯ç§ãã¡ã®ã¡ã³ããŒããŒã¹ã«é»åã¡ãŒã«ãéãããããã©ãã»ã©çŽ æŽãããããªã©ã圌ãã«äŒããŸãã ãããŠãç§ãã¡ããããè¡ãããã¹ãŠã®ãœãŒã·ã£ã«ã¡ãã£ã¢ã§å ±æããããšãèš±å¯ãããŠããæ¹æ³ã§ã¯ãçŽ150,000äžäººã®ãœãŒã·ã£ã«ã¡ãã£ã¢ãã¡ã³ããŒã¹ããããŸãããåºåããœãŒã·ã£ã«ã«æãå·®ã䌞ã¹ãããšã§ãéã®å€§éšåãå®éã«èª¿éããããšã«ãªããŸãæè³å®¶ãåŒãä»ããã¡ãã£ã¢ã ãããŠãããã¯ãã¹ãŠããã¥ãŒãã³ã°ããã¹ããããã³èª¿æŽãã¿ãŒã²ããã«ããããšã§ãã ãããŠãã¡ããããããã®æè³å®¶ã«è²©å£²ãããŠãããã®ãããã¿ãŸããããé åçã§ããããšãäºåã«ç¢ºèªããããšã¯é åçã§ãã ã§ããããäŒæ¥ãšã®è©±ãåãã®æåã®äž»ãªåœ¹å²ã®XNUMXã€ã¯ãäŒæ¥ãäœãããŠããã®ããç解ããããšã§ãã
ãåç¥ã®ããã«ãæããã«ããã¯çŽ æŽãããäŒç€Ÿã§ãããããããã¹ãŠã®æçœãªãã®ã§ãªããã°ãªããŸãããããããæè³å®¶ã«ã©ã®ããã«ã¢ããŒã«ããã®ã§ããããïŒ ããã¯äœã§ãããããªããç¥ã£ãŠãããããã¯äœã§ããã¹ãã§ããïŒ ãªãã¡ãªã³ã°ã¯ã©ãããã¹ãã§ããïŒ ãã®ãããã¯ã©ã€ã¢ã³ãã«ã©ãããã¹ãããäŒããããšã¯ã§ããŸããã äœãããŸããããã圌ãã«äŒããããšãã§ããŸãã äœããäœããäœã売ã蟌ããªãŒãã£ãšã³ã¹ã«ã¢ããŒã«ãããã圌ãã«äŒããããšãã§ããŸãã ã ãããç§ãã¡ã¯ãããããŸãã ã ããããã®ããã«å©ããããšã«ãã£ãŠãããªãã¯ããªãããã¹ãããšãæäŸããŠããã®ã§ãã åå ç§ã¯ããªãã«ãããå šãããŠã»ãããªãã ããã倱æããããªãã®ããããšãã¡ãã»ãŒãžã³ã°ãã¿ãŒã²ãã£ã³ã°ãªã©ã¯ãç§ãã¡ãããã«ã€ããŠããªãèããããã«å§ãŸããŸãããïŒ ãšããšããããšãé©åãªãé©åãªãã¹ãã¡ãã»ãŒãžããã¹ãåºåãéå»ã®ãã¹ãã¿ãŒã²ãã£ã³ã°ã ãããŠ10,000ãæç®ã«ã¯ãæåéããåºåéšåã ãã§XNUMXãã«ãåºåã«è²»ããããšã«ãªããŸãã
ãããŠãããŸã§ã®ãšããããããã®å Žåããæåã®æã«25ã10åã®è³éã調éããŸãããããã¯éåžžã«éå¹ççã§ãããäœãããŠããã®ãããããªãããšãããã£ãŠããæåã®æã«ã¯æªããããŸãããæ£ããïŒ ã ãããããã¯ããžã¹ãã£ãã¯çã«æ©èœããæ¹æ³ã§ãã ã¡ãªã¿ã«ãCOVIDããããããŠä»¥æ¥ãããŒã±ãã£ã³ã°ã®ã³ã¹ãé¢ã§ã ãããŠããã以æ¥ããããç¶ãããšãããããæ ªåŒåžå Žã厩å£ãããšããæéãšã³ã¹ãã¯XNUMXïŒ äžæããŸããã ããããã®åŸã¯å埩ããæè³å®¶ãåŒã³èŸŒãããã®åœç€Ÿã®åºåè²»ã¯ä»¥åããXNUMXïŒ äœããªããŸããã ã ããããªãã¯ç§ãäœãããŠããã®ãç¥ã£ãŠããã ã ãããç§ã¯ããªãã«ãããèšãããšãå¿ããªãã§ãã ããã ã€ãŸããXNUMXãæç®ã¯XNUMXãæç®ãããåªããŠããŸãããïŒ ãããŠãéãè¯ããã°ãããã¯æ¬åœã«ã¯ããã«åªããŠããŸãã ããã§ãªãå Žåã¯ããããè¯ãã§ãã ããªããç¥ã£ãŠããããããŠç§ã¯ããªãããå§ãããŸãã 代çåºãæšå¥šããŠããŸãã
ç§ãã¡ã¯ä»£çåºãæã¡èŸŒã¿ãããªããšäžç·ã«æ¥œãã¿ã管çããŸãã 圌ãã¯ãXNUMXãæç®ããã®åºå£ã§å°éããå¹çã«å¿ããŠãXNUMXãæç®ãããããXNUMXåã®è²»çšããXNUMXãæç®ã«XNUMXåã«ããããšããå§ãããŸãã ãã®ãããªãã®ã¯ããœãŒã·ã£ã«ã¡ãã£ã¢ã§ã®æ¯åºã¬ãã«ã§ããæ¯æ¥ã®åžœåã®ããããã§èª¿æŽå¯èœã§ãã ãããç£ã®æ§è³ªã§ãã ãããŠãç§ãã¡ã¯åžžã«ãããé«ãå¹çãæ±ããŠããŸãã ãããŠã蚱容ã§ããå¹çã«éããæç¹ã§ãããå€ãã®ãéã䜿ããããå€ãã®ãéãæ©ã調éããããšããå§ãããŸãã ãããããåç¥ã®ãšãããããã¯æåã®XNUMXãæã§ã¯èµ·ãããŸããã æäŸãç¶ç¶ãããŠãããããå€ãã®ãã¹ããšçŸ©åããã³èª¿æŽãå¿ èŠã§ãã æè³ããŒãžãèŠãããã«ç§éã«åœŒãã®é»åã¡ãŒã«ãäžãã人ã ã®ãªã¹ããéããŠããŸãã ããªãã¯ããã奜ãã
äœãå¿ããŸããã å ã»ã©ç³ãäžããŸããããã«ããããã®æè³å®¶ã®60ïŒ ã¯ã¹ããŒããã©ã³ãä»ããŠæè³ããŠããŸãã ãšã«ããããèšã£ãã®ïŒ ä»ãç§ã¯ãããäºåºŠèšã£ãããŸãã¯ç§ã¯ãããäžåºŠèšã£ãã ã©ã¡ããã§ååã§ãã ããã§ããããšãããã¯æ³æ¡ã§ãããïŒ ã¡ãŒã«æ åœè ãã¡ãŒã«åä¿¡è ã®ãªã¹ããäœæããŠããŸãã ç§ãã¡ã¯åœŒããšã®é¢ä¿ãç¯ããŸãã ç§ãã¡ã¯åžžã«ãäŒç€Ÿã«é¢ããèå³æ·±ãã¡ãã»ãŒãžã®æŽæ°ãé±ã«XNUMXåãå®æçã«ã¡ãŒã«ã§éä¿¡ããŠããŸãã æ ªäŸ¡ãå€åããå Žåã¯ãã¡ãŒã«ã§ãç¥ããããŸãã ããªãã¯ããã«ååãä»ããŸãã ãããšãç§ãã¡ã¯ãããŸã§ä»¥äžã«å€§ããªãªã¹ããæ§ç¯ããŠããŸããããã«ãããããŒã±ãã£ã³ã°ã®ã³ã¹ãã¯ããã¹ãæè³ãæ©æã«æå ¥ããæ»ã£ãŠããŠåŸã§å€§ããªãªã¹ãã«æå ¥ãã人ã ãåŸã ã«äœãããŸãã 次ã«ã管ç察象ã®IRAããæ»ã£ãŠããŠãããçš®ã®äžé£ã®ã€ãã³ããçºçããã¯ããã«å€§ããªIRAã«å ¥ããŸãã ã¯ãã ã ããããŒã±ãã£ã³ã°ãåºåè²»ã
å¯èœãªéãäœããããã®ã§ãããå¥ã®èŠå ããããšæ³å®ããå¿ èŠããããŸããããã¯ãå®éã«ããŸãæ©èœãå§ããŠå¹çãè¯ãããšã§ãã ãããŠãããªããæ¯åºãå¢ãããšãç§ãã¡ãäž»ã«FacebookãInstagramã䜿çšããŠãããã£ãã«ã圌ããããŸããã£ãŠããããšãç¥ã£ãŠããã®ã§ãæè³å®¶ãããã®ã³ã¹ããäžãããŸãã æ¯åºãã¡ã¬ãã«ã«åŒãäžããŸããã ããã§ã圌ãã¯äŸ¡æ ŒãäžããŸããïŒ ãã®ãããå¹çãäœäžããŸãã ãããã£ãŠããã£ãã¡ãªããšã¯è²»çšãããããããã管çããã·ã¹ãã ãååŸããããã«ããã€ãã®ããšãå®è¡ããŠãããè¯ãã¬ãŒããåã³æäŸããããã«åœ¹ç«ã¡ãŸãã ãããã調éã®ã³ã¹ãã¯ãããŒã±ãã£ã³ã°ãæåŸ ããå¿ èŠããããŸãã ããããã¹ãŠèšãããæäœã«ãªãããã«è¡ããããšããç§ãã¡ãè¡ã£ãã®ã¯3ãã«ã§ã30ã»ã³ãã¯3.3ïŒ ã§ãã ããã¯ç§ãã¡ã®æäœã§ãããç§ã¯ããªãã«ãããæåŸ ãããªãã§ãããã ç§ã¯ããªãã6ïŒ ã7ïŒ ãå€åãå€åãããåãæ»ãããã«æåãå°œããå°ããæåŸ ããã¹ãã ãšæããŸãã
ããããããã¯ãããããªããã»ã¹ã§ãã ç§ãã¡ã¯ãããŒã«ãŒãã£ãŒã©ãŒã§ã¯ãªããããããã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®æäŸã«ãããæ倧ã®è²»çšã§ãã ç§ãã¡ã¯ææ°æãè«æ±ããããã¹ãŠã®æéã¯éåžžã«æ§ããã§ãã ã¯ãã ã§ããããç§ã¯ãã£ãããŸãã¯æ æã«ããªããç§ã®äŒç€Ÿã§å£²ã£ãŠããŸãããããç§ãã¡ãããã«ããçç±ã®ãã¹ãŠã§ã¯ãããŸããã ã¿ããªã§ãããã§ãããããšãã³ã¹ããèŠãŠã¿ãŸãããã ã³ã¹ãããããªãããšã§ãæ®ãã®ã³ã¹ããæãäœããªããŸããå€ãã®ãã£ããã£ããªãŒãã£ãšã³ã¹ãããªããšä»®å®ãããšããªãã¡ãªã³ã°ãç§åäœã§èªå®ããããã€ã³ãã«å°éããããã®æãå®äŸ¡ãªæ¹æ³ã§ãããšä»®å®ããŸãããã ã ãããŠãããã¯ã©ã€ãã«è¡ãæºåãã§ããŠããŸãã ãããŠç§éã¯çŽ150,000äžãã«ã®è³éãéããŠããŸãã ãããŠãããã¯ãããå®äŸ¡ãªåŒè·å£«ãæ¢ãã«è¡ãã°ããããå°ãäœãããããšãã§ããã®ãšåããããç°¡åã§ãããšä»®å®ããŸãããããã¯ãããå¯èœãªéãæå°ã®150Kãã¹ãŠãå«ã¿ãŸãã
ç§ããå§ãããªãããšãäžããããã«ç§ãã¡ãã§ããããšã¯ãããããããŸãããããªãã¯ãããæãå®äŸ¡ã§ãããäžãäžã«åããŠããå€ãã®ãéãæã£ãŠãããšä»®å®ããå¿ èŠããããŸãã ãããŠãããã¯ããªãã®åŽã§ããã€ãã®æ éãªåããåæãšããŠããŸããããã«ã€ããŠã¯åŸã§èª¬æããŸãããé¿ããã¹ãééãã§ãã ãããèµ·ãã£ãåŸãç§ãã¡ã¯ãéãéããŠããŸãã æ¯èŒçæ©ããæ¯èŒçæ©ãã解å床ãããã£ãã·ã¥ãããŒããã©ã¹ã«ãªããŸãã æå°éã®ã¬ã€ãºããããåžœåããªãããã«ããªãã¡ãªã³ã°ãé©åã«æ§æãããŠããå Žåã¯ãæåã«éããå¿ èŠã®ããéé¡ã®ãšã¹ã¯ããŒãçšæããŸãã ãããŠãããªãããããšããç§ãã¡ã¯ããªããæå°ããŠããŠãåŒè·å£«ãããªãã«è¿ã¥ããŠããããã§ãã åçããªãã¡ãªã³ã°è²»çšã«äœ¿çšã§ããããã«ãªãã¡ãªã³ã°ããã¥ã¡ã³ããäœæããå Žåã ãããã£ãŠããã®æèã§ã¯ããã£ãã·ã¥ãããŒã«é¢ããŠã¯ãæåã®æ°ãæã§æ¬åœã«äžéã§ã²ã©ãæè³åçãåŸãããªãéããããã¯åæãéã§ããããã®å Žåãä»ã®è²»çšãããããŸãããããã»ã©é«ãã¯ãããŸããããååšããŸãã
ã ãããç§ã¯ããªãã«åæè²»çšãäžããŸããã ããã§ãããŸãïŒ ããªãã12äžãã«ã®ã¬ã€ãºãããŠãããªããããªããžã®ç§ã®ã¬ã€ãã³ã¹ã¯ããããŒã«ãŒãã£ãŒã©ãŒã®é¢äžã®çšåºŠã«å¿ããŠãçŸéã³ã¹ãã¯çŽ12ïŒ ãã©ã¹ãŠã©ãŒã ã«ãªãã ãããšããããšã ãšæããŸãã ããªããšç§ãã¡ã®ã³ãŒãã³ã°ãåãã蚌åžåŒè·å£«ã®ã©ã¡ããããããã®å·ã«è¡ããèš±å¯ãåŸãŠãå®éã«ãããã®å·ã§è³éã調éããããšãèŠæ±ããXNUMXã€ã®åé¡ããããŸããéèŠãªã®ã¯ãããªããšãããµã¹ã ãã§ãã ãããŠãããªãã¯èšŒåžåŒè·å£«ã§ãããããããšãã§ããŸãããããççŽã«èšã£ãŠããããªãã¯æ¬åœã«ãæ¬åœã«é ãããããŠãªã¹ã¯ããããŸãã ããªããç¥ã£ãŠãããããªãã¯ããã«å ¥ãããšãã§ããŸãã ãã®ããã«ããããšã§ããããŒã«ãŒãã£ãŒã©ãŒããªãã¡ãªã³ã°ã«ææ°æãè«æ±ããå¿ èŠããªããªããŸãã ãããšãããã§ããªãã¯ç§ãã¡ã«çšéãæãã§ãããã ãããªããã¿ã€ã ãªãŒã«ååŸã§ããå Žåãšã§ããªãå ŽåããããŸãã
å¥ã®æ¹æ³ã¯ããããŒã«ãŒDDAã«ãµã€ã³ã¢ããããããšã§ããæéã¯ã1ïŒ ã§ããªã¹ãã®åæãæéã¯ãªã¹ãã®åæãæé25 Kã§ãããããããäœã亀æžã§ããå ŽåããããŸãã ãããŠãAKFINRAã®æéãããããŸãã ããã¯ãç§ãã¡ãã©ã€ãã«ç§»è¡ããã°ããã®ãšãã«ããã«å¿ èŠãšããªããã®ã®äŸã§ãããªããªããç§ãã¡ã¯ã»ãã®ããããªéé¡ããè²»ãããŠããªãããã§ãã å°ãåŸã§ãã¬ã€ãºã§ãã©ã¹ã®ãã£ãã·ã¥ãããŒããã£ããšãã«è¿œå ã§ããŸãã ãããã£ãŠããããŒã«ãŒã®åæè²»çšã§ããã³ã¹ããè¿œå ããããšãé¿ãããŸã å¿ èŠãªããšãã«1ïŒ ãæ¯æãããšãé¿ããããšèããŠããŸãã æ£ããïŒ ç§éã¯ç§éã®ãŠã§ããµã€ãå ã«æ¹æ³ãæã£ãŠãããåé¡ã®ããå·ãããããã®äººã ãæããã圌ãã誰ã§ããããç»é²ããŸãã ãããŠãããªãã¯åœŒãã«æ»ã£ãŠãéãéããããšãã§ããŸãã 次ã«ããã€ã解決çãæŽã£ããšãããŸãã¯ãããè¡ãããããšãæå³ããæ¹ã ã¯ãã
ããã§ãããã¯åççãªæ¹æ³ã§ã³ã¹ããã«ããŒããŸããã æå°ã¬ã€ãºã¯ãŒãã§ããå¿ èŠããããŸããã€ãŸããè³ç£ãè³Œå ¥ããŠãããšããããšã§ãã ãããŠãããæ絊ã®çç±ã§ãã ããªããæå°ã«éãããŸã§ããªããããªãã®ãã±ãããŸãã¯ä»ã®èª°ãã®ãã±ãããããã¹ãŠã®æäŸè²»çšãè³ããªããã°ãªããªãã®ã§ãããã¯æãããã§ãã ã²ã©ãã§ãã ãããã£ãŠãä»æ¥ã®æ倧ã¬ã€ãºã50milã«ãªãã®ãé¿ããŠãã ããã ãããå¯èœã ã ç§ã¯ããã75ã«äžããã§ããããç§ã¯åœŒããããããããããããªããšæããŸãããããç§ãã¡ãç¥ã£ãŠãããŸã§ç§ãã¡ã¯ç¥ããŸããããããšãå€ãã®å©çãããã®ã«ååãªè«æ±ãããããšãã§ããŸãã ç§ã¯ããªããã°ãªããŸãããç§ã¯å°ããã®ãããã¯ã«æ»ããŸãã ç§ã¯ãããŸã§ã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A + IPOãèŠãŠããŸãã ãããšãç§ã¯ãããã®ãã¹ãŠã®è©³çŽ°ãæã£ãŠããŸããããããŠç§ã¯å€±æãããã®ã«ãã ãã£ãŠããŸããã§ããã ãåç¥ã®ããã«ã倱æãããã®ããããŸãããããã¯æ¬åœã§ãã
ããã12ã€ã®IPOã§ãã äŒç€Ÿãããã§ãã åæã«åºãŠè¡ã£ãIPOäŒæ¥ã®èª¿æ»ã¯ãããŸããã ãããŠããããã®äœäººã倱æãããšèšãããã§ããïŒ ãåç¥ã®ããã«ããã®æ ªäŸ¡ã¯å€§å¹ ã«äžèœããŸããã ãããšãããã§ç§ã¯ããè¯ããã®ã«ã€ããŠè©±ãã€ããã§ãã åå ç§ã¯ããŸãé·ãéãããããªãããéã®ããã«ããã³ã¹ãŒããæçšããããªãã ãããšã14æ ªããã10ãã«ã§åºãããŸããã çŸåšãXNUMXæ ªãããæ倧XNUMXãã«ã§ãã ç§ã«ã¯ããçšåºŠã®æææš©ããããŸãã ç§ã¯éã®ããã«æ€ åãšããã³ã¹ãŒãã«ããŸããã ãããŠããããé瀺ããã¹ãã§ã¯ãããŸããããããšãç§å ã¯åºãããŸããã ç§ã¯åœŒããäžå ŽãããšæããŸããç§ã¯ä»ã®å®äŸ¡ãèŠããŠããŸãããççŽã«èšã£ãŠã圌ãã¯äžãã£ãŠããŸããã圌ãã¯ããªãäžãã£ãŠããŸãã圌ãã¯å埩ããŠããŸããã ã ããå€å圌ãã¯äžæ ªXNUMXãã«ã§åºãããã ããã¯ç§ã®èšæ¶ãç§ã«æããŠããããããªãã®ã§ãã æºåž¯é»è©±ã§ã¢ããªãèŠããšããããªã¹ãäŸ¡æ Œãããã«ååŸã§ããŸããã§ããã
ãããŠãç§ã¯ãããèŠããŠããŸããã§ããã ãšã«ãããç§èªèº«ã®ããã¥ã¡ã³ããããããååŸããæéã¯ãããŸããã§ããã ããã§ã圌ãã¯10æã«åºãŠè¡ã£ããšæããŸãã圌ãã¯ããªãèœã¡ãŠããŠã圌ããçŸå®ã«ãªããåºè·ããŠããã®ã§ã圌ãã¯æ»ã£ãŠããŸããã çºè¡šããã®ã¯ããªãã®ãã®ã§ã¯ãªãããã§ãããïŒ ããªããå ¥ã£ãŠããææåå ¥ãªã©ãè³Œå ¥ãããšããããã¯ã¯ããã«æ¥œãªç掻ã§ãã ããã¯ç§ãå¿ èŠãšããŠãããã¡ããšããããã¡ããšããäŒç€Ÿã§ãã ãããšãããã§ããã¿ãŸããããããã¯ã»ãšãã©ã®èèªãã©ã³ãã®ããã§ããXNUMXã€ã§ããèèªã¯è¯ãã£ãã§ãã 圌ãã¯éåžžã«å³ããæäŸãããŸããã 圌ãã¯çµå±ã圌ãã倱æãæäŸããŠããã®ã§ã圌ãã¯OTCã«ãªã¹ããããã ãã§ãããããã¯åœŒããç§ãã¡ãšäžç·ã«åããŠããªãã£ããšããããšã§ãã ãªãã¡ãªã³ã°ãšããŒã±ãã£ã³ã°ã®æ§è³ªãéåžžã«åŒ±ãã£ãã®ã§ãç§ã¯ãããäºæž¬ããããšãã§ããŸããã 圌ãã¯ããã«ããããã®ãéãè²»ãããŸããããããã§ãã ç§ãã¡ã¯é¢äžããŠããŸããã§ããã
ãããŠãç§ã«ã¯ä»æ¹ããããŸããã§ããã ç§ã¯åœŒã®äŒç€Ÿã®54çªç®ã®ã³ã©ã ã§CEOã«ã€ã³ã¿ãã¥ãŒããŸãããã圌ã¯ããã§ã¯ãªããäœãã§ããŸããã§ããã 圌ã¯ãã®ããšã«ã€ããŠã®ææ決å®è ã§ã¯ãããŸããã§ããã ç§ã«ãšã£ãŠã圌ã¯ãããªããç¥ã£ãŠããããã«ãããã¯ä»ã®äººã«ãã£ãŠæ±ãããŠããŸããã ããã§ãç§ã¯åœŒããå©ããããšãã§ããã圌ãã¯ãšã«ããèããŠããŸããã§ããã ããã§ãããããããããã圌ãã¯çšŒããŸããã§ãããååãªãéã皌ããŸãã ãããŠã圌ãã¯OTCã«ãªã¹ããããŠããã¢ã€ã³ã·ã¥ã¿ã€ã³ã®ãªã¹ããäžããŸããã圌ãã¯ä»ããè¯ããã£ãŠããŸãã 圌ãã¯æ䟡ç·é¡ãããå€ãã®è³éã調éããŸããã11äžãããã¯å€§ãããªãã®ã§ãããã¯ææŠçãªãã®ã§ããã ã¯ãã ããã§ãå ã«é²ã¿ãããšæããŸãã ããã¯å šéšã§XNUMXã«ãªããŸããã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå°å ¥ãããŠãããã°ããçµã¡ãŸãããããäŒç€Ÿããç§ãšç§ã誀解ãããŠäºæžãæ±æãããããããããã·ã£ããããŠã³ããŸããã ãããšãOTCãžã®åœŒãã®åæ©ã¯ãã€ã³ãµã€ããŒãååŒã®å éšã§éé£ããããã¯ãç¹ã«ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§ããã¹ãŠã®äººã«çã£èµ€ãªé¡ãããŸããã
圌ãããã£ãããšããã£ããããã®ã«[inaudible]ã ãã®å Žåãã¬ã®ã¥ã¬ãŒã·ã§ã³A + YPOã«ãã©ãã¯ããŒã¯ãä»ããããšã¯ãããŸããã§ããããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ããã»ã¹ãå®è¡ãããäŒæ¥ãååã«ããå¯èœæ§ããããŸãã ãã¡ããšããããã¡ããšããæ°ããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ããã»ã¹ãéããªãç»å Žããããšãç§ã¯ç¥ã£ãŠããŸãã ããã§ããã ç§ã¯ããã圌ããåã³åããããšãç§ãã¡ãæ§ç¯ããå¢ãã«ãªããããšæã£ãŠããŸãã ã¯ãã ããããç§ã¯ãªã¹ãããªããšãã«ãããæã«å ¥ããŸããã 裞ã®ã·ã§ãŒãã«å¯Ÿããè匱æ§ã®ãããOTCã«ãªã¹ãããªããNASDAQã«ãªã¹ãããªãããšããå§ãããäŒæ¥ãããããããããšãç¥ã£ãŠããã®ã§ãããã«è§ŠããããšæããŸãã ãããŠãäŒç€Ÿã«ã¯ååãªãã¥ãŒã¹ã€ãã³ãã瀟å æåã確ç«ãããŠããªãããæåŸ ãä¿å®çã«èšå®ããŠãããæã¡è² ããã®ã«ååãªCFOããªãããã§ãã ãããããã®ã¯éåžžã«é£ããã§ãã
ããã¯å€§å€ãªäœæ¥ã§ãããåçãšå©çã ãã§ãªããã€ã³ããªãžã§ã³ãã«è¡ãããæºåéãšæè³ã³ãã¥ããã£ãžã®éåžžã«æ³šææ·±ãã³ãã¥ãã±ãŒã·ã§ã³ãå¿ èŠã§ããããã¯ãåæ段éã®å€ãã®äŒæ¥ã«ãšã£ãŠéåžžã«é£ããããšã§ãã 圌ãã¯ãŸã ååã«é²ãã§ããŸããã æ£ããïŒ ã§ããããååãªå®äœãæåãæºåãšãªãœãŒã¹ããšã³ãžã³ã®ãµããŒãã«å éšçã«å°å¿µããååãªãªãœãŒã¹ããªãå Žåãé€ããŠãå€åºããã®ã«èŠåŽããããšãæ±ããŠããŸãã ããã¯å€ãã®æ³šæãå¿ èŠãšããå ¬å ±åžå Žã§ãã ã¯ãã ããã¯ããã§ãã®ã§ãããã軜èŠããªãã§ãã ããã ãã®ããžãã¹ã ç§ã¯ãã®ç§ããããŒã«ãŒãå人æè³å®¶ã®ã¹ãããã«è£žã®ã·ã§ãŒããã³ãã眮ãããšãå¯èœã«ããããšãä¿¡ããããšãã§ããŸããã æ£ãããããŸããã ããªãã¯åããªããã°ãªããŸãããããããããŒã«ãŒã¯äžæ¥äžãããããããšãã§ããŸãã 圌ãã¯äŒç€Ÿãååæ¶ã«ã€ããŸãã ãã®ããããã«ãã¯ã¹ãããããããã®ã¯ãå¯äžã®çç±ã§ã¯ãããŸãããããããäž»ãªçç±ã®XNUMXã€ã§ãã ããã«ã¯ãããŒæ ªä»¥äžã®å£ããå ¬éäŒç€ŸããããããããŸãã æ£ããã ã¯ãã ãã¿ãŸããã 次ã®ããŒãžã«è¡ããŸãã
æ å£åŸã®ã¹ã±ãžã¥ãŒã«ãšæµåæ§ã®è¯ãæªãã ãããšãæããã«ããã¹ãŠã®ãã³ã¯ã®ã·ãŒãã§ãããOTCåžå Žã«ãªã¹ãããããšãã§ããNASDAQã«ãªã¹ãããããšãã§ããŸãã ãããšãã§ãããªãã¯ç§ãä»èšã£ãããšãèããã æ£ããïŒ ã ãããããªããç¥ã£ãŠããããããããããªãã§ãã ãããç§ã¯ããããŸããç§ã¯ãããåŸã§æ¥ãããšãç¥ã£ãŠããã®ã§ãç§ã¯ç§ã®ã·ãŒã±ã³ã¹ã«åºå·ããŸãã ããã§ã®è¯ãç¹ã¯ããããé·ãéæ é€çŽ ã§ãããå®æçãªãã¹ã®æäŸã®ããã«ããªãã®ããããšã蚌åžããªã¹ãããã¢ãã¿ãŒããŒã±ããã®å Žæããããšããããšã§ãã 圌ãã¯å®éã«å®ç掻ã§åºãŠããŠããŸãã ä»å¹Žã®åŸåãXNUMXæãXNUMXæãå®éã« ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã 第äºã«ã 裞ã®ã·ã§ãŒãããªããã¹ãŠã®åžå Žãããã¯ãã è²·ããšå£²ãæãè²·ãæããããŠå£²ãæã§ãã ããã ãã§ãã ãããŠããããšãç§ãäžçªå¥œãã ã£ãã®ã¯ããããã®ãã®ãå¿ èŠã§ããå°ãªããšã2000人ã®æè³å®¶ãšããªããç¥ã£ãŠãããç§ãXNUMXååŒã£è¶ãããšãã®å€§èŠæš¡ãªäžèŠæš¡ä»¥äžã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®æäŸãšæè³å®¶ã¯éåžžã«ç°¡åã§æ¯æã®ç®¡ç財åç£æ»ããããçµå¶è²¡åã¯æ¯æå ±åãããŸãã ãããŠæåã¯åœŒãã¯äžå Žæéãè«æ±ããã€ããã¯ãããŸãããããã圌ãã¯åœŒããããããã§ãããã圌ãããã°ãããããããŠãããŠå¢ããäºçŽããã圌ãã¯ãããè«æ±ããã§ãããã 以äžã§ãã
äœãæã£ãŠããã®ïŒ ããªãã¯éãããèŠæš¡ã§æè³å®¶ã«å®éã®æµåæ§ããããããŸããã ãããŠãããªããç¶ç¶çã«è¡ã£ãŠããããŒã±ãã£ã³ã°ãã©ãã»ã©åªããŠãããã«å¿ããŠããããããããšã裞ã®ã·ã§ãŒããå¿é ããŠããªãããšã«äŸåããã«ãããªãã¯åžå Žã®ç±æããµããŒãããããšãã§ããŸãã ã ãããããªãã®å£²ãæã®ããã«ååãªè²·ãæãããã§ãããã ãããŠãããã¯çŽ æµãªããšã§ãããïŒ ã ãããããŒã±ãã£ã³ã°ãç¶ããäŒç€Ÿã宣äŒãç¶ããŠãã ããã ããå€ãã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãè¡ãå Žåãããã¯èªåçã«ã¢ãã¿ãŒããŒã±ããã®ãã€ãªåžå ŽããµããŒãããŸãã ããªããæ°ä»ããŠããªããããããªãããšã¯ãããªãããªã¹ãããŠããªããŠãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®äºãããšãããã¯ãããããé©ãã¹ããšããã§ãããšããããšã§ãã ããªãããªã¹ãããªããã°ãäŒç€Ÿã®ãã¹ãŠã®ã»ãã¥ãªãã£ææè ã¯ããããšãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®çµæãšããŠæµåçã«ãªããŸãã ã ããåŸ æåã®10é±éãæ¯æã®çµå¶è²¡åãããã¯éäžå Žã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§ãããïŒ ãããã£ãŠã幎ã«äžåºŠã®ã®ã£ãããä¿æããŸãã ããªããããªãã®ã¬ãŒã¹ãšå®ç³ãšXNUMXã¶æã®ç®¡ç財åãçµããåŸã ããã¯å€§ããªå€ãè©©ã§ã¯ãããŸããã ã€ãŸããããªããã¡ããã©ãããªãããããããªãã¡ãªã³ã°ãå®äºããã°ããã§ãXNUMXé±éåŸã幎次ç£æ»ã®ã®ã£ããã¬ãã«ãäœæãããšããæ¥ããšããŸãããã ããªãã¯ãããçç£ããŸããããªãã圌ããéã蟌ããªãéãã圌ãã圌ãã®æ ªãŸãã¯åœŒãã®åªå æ ªãŸãã¯ããªããäŒç€Ÿã«æã£ãŠããã©ããªèšŒåžã§ã売ãããšãã§ããçŽXNUMXã¶æã®ãã¹ãŠã®ã€ã³ãµã€ããŒãããŸãã æ£ããïŒ æããã«ãå Žåã«ãã£ãŠã¯ããããããã¯ãããå ŽåããããŸãããã©ãã«è¡ããŸããïŒ åœŒãã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¢ãã¿ãŒããŒã±ããã«è¡ã£ãŠååŒããããšãã§ããŸãã ããŠããããèšã£ãŠããã®ã¯éã§ããæµåæ§ã¯éåžžã«å°ãªããšã¯èšããªããŸã§ãæ§ããã§ãããäŒç€Ÿã®æ ªåŒæè³å®¶ã®XNUMXïŒ ä»¥äžã®ææè ãšåµèšè ã«ãšã£ãŠã¯æ°ã®æ¯ãªåŽé¢ã§ããããªãã¯åœŒãã誰ã§ãããç¥ã£ãŠããŸããããªããã¡ã¯ããç¥ã£ãŠããŸãã
ãããã®æŠå¿µã¯ããããŒãã®1ïŒ ã«å¶éãããŠãããšããããšã§ãã ãããã£ãŠããããŒãã埮èŠçã§ããå Žåããã®æéæ å ã§ç§ã®åŸ®èŠçãã®ã販売ããããšãã§ããŸãã æ£ããïŒ ã§ãããããã®åžå Žã§ã¢ãã¿ãŒããŒã±ããã®æµåæ§ãæ§ç¯ããããšã¯ç§ã®æšå¥šäºé ã§ããããã¯ããã®è匱æ§ãšãšãã«ãç§ãã¡ãèŠãŠãã裞ã®çæã«ãããè¡ãããã®éåžžã«è¯ãæ¹æ³ã ããã§ããããªããç¥ã£ãŠãããç§ã¯ããã説æããŸãããããã«éåžžã«è©³çŽ°ãããã€ãã®è©³çŽ°ã ã¯ãã ã ãããããã¯èª°ãã液äœã«ãªããšããäºå®ã ãã§ããããã¯ããªãã¯ãŒã«ã§ãã ãããŠã10ïŒ æªæºã§ããããšãç¥ãããŠããæè³å®¶ã¯ã圌ãã¯ææãããŠããŸããããããç§ãã¡ã¯ãã ç£æ»ãããŸããã 圌ãã¯äžæ¥äžãäžå¹Žäžããããšãã§ããŸãã ã ãããããã§1ïŒ ã®æå¶ã ãããã£ãŠãäŒç€Ÿã§10ïŒ æªæºã®ããžã·ã§ã³ãææããŠããé·å¹Žã®æè³å®¶ã¯ãæµåæ§ãç²åŸããŸãã æ£ããã èªåçã«æ¬åœã«è¯ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®äºãããããäž»èŠãªååŒæã«äžå ŽããŠããŸããã ãåç¥ã®ãšããããã¹ãŠã®èŠåãããã«èšèŒãããŠããŸãã
æå°ã®Asproãèšå®ããããšãé¿ããããã®ééãã§ãããæ°ã«éããã®ã¯éåžžã«é£ããããã¹ãŠã®ãéã䜿ããªããã°ãªããªãã®ã§ãããããå¿ èŠããªãã£ããšãã¯ããããªãã§ãã ããã ã€ãŸããæ¬åœã«ãããã¯ãšãŠãé«äŸ¡ã§ãã ãã®æå°æ倧ã¬ã€ãºã«éãããŸã§12é±éã ãããšãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®çŽ æŽãããç¹ã®12ã€ã調æŽã§ããããšã§ããå Žåã¯ã移åäžã«æ ªäŸ¡ãå ±æããŸãã ããšãã°ã4äžãå¿ èŠã§ãæ倧ã§12äžãèšå®ãããšããŸããããäœããã®çç±ã§éãè¯ãã£ãå ŽåããŸãã¯éåžžã«é åçãªãµãŒãã¹ã§ããã50äžã«ç°åžžã«æ©ãå°éãããšããŸãã ãããŠããã¯ããããç§ãã¡ã¯ããé«ãããªã¥ãšãŒã·ã§ã³ã§ããå€ãã調éããããšãã§ãããããªãã®ã§ãã ç§ãã¡ã¯æ倧XNUMXäžãæã£ãŠããããšã«ãã£ãŠããããèªåèªèº«ãç· ãåºããŸããããããããªãã§ãã ããããããXNUMX milã«éã£ãŠãã ãããããªãèªèº«ã«è©äŸ¡ãäžããæè»æ§ãäžããŠãã ãããããªããç¥ã£ãŠãããæ ªåŒåå²ãšãããåããã®ãããŠãã ããã
ãããŠãããã§ç§ã«è¡ããŸãã 圌ãã¯è©äŸ¡ã®ã¡ãªãããäŒç€Ÿã®ã¡ãªãããå€æããŸããã 圌ãã¯ããã«é¢ããåæ³æ§ãèŠãŠããŸãã ãããŠãããªããããŠããã®ãããªãã ãã§ããå Žåã®ãã®æåºã¯ãä¿å®å®ã®åå²ã50é±éã®ããã«æ¯èŒçè¿ éã«éè¡æã®ç§ãééããããšã§ãã äžæåæ¢ããæéã«åå ããŠãã ããã ããããããããããªãã¯ãã£ãšããããã®ãéãéããããã«ã©ã€ãã«è¡ããŸãããããšãããªãã¯ãããææã®äººã管çããããšãã§ããŠãããªãããããæãã§ããããã§ãã ããã¯è¯ãããšã§ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®ãšãŠãè¯ããšããã ã ãããããªãã®ããžãã¹ã®æ倧å€ãXNUMXåã«èšå®ããã®ã§ãããªãã¯ããªããæãããšãããŸãããããããã¯ããããšãç§ãèšãããšã®XNUMXã€ã¯ããªãã®ãã³ã«ããªãã§ããªãèªèº«ãäœãæ倧å€ã§å¶éããããšãé¿ããããã®ééãã§ãã æéã®ç¡é§ã§ãã åœå®¶ãå·»ã蟌ãã®ã¯é£ããããã ãããã®å€ãã¯ãšã«ããç£æ»ãå¿ èŠãšããŸãããããŠããã¯äººã ãããããªãäž»ãªçç±ã§ãã
4ã2019ã¯ãç£æ»ãè¡ãå¿ èŠããªããããã§ãã å·ã®å€ãã¯ãããªãã®äŒç€Ÿãå·ã®æè³å®¶ã«ãšã£ãŠååã«è¯ããã©ããã決å®ããå®åã«è¡ãã¡ãªããã¬ãã¥ãŒã§ãããïŒ ããã¯æ¥œããå Žæã§ã¯ãããŸããã圌ãã¯æ¬åœã«é ãã§ãããªã©ã誰ããããã§ã¯ãããŸãããïŒ ã€ãŸããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã§2020幎ã«èª¿éãããè³éã®XNUMXïŒ ã¯TierXNUMXã§ããã ããªãã®äŒç€Ÿã¯çµ¶å¯Ÿã«èª¬åŸåãããã®ã§ãããã€ãã®ãŸããªäŸå€ããããããããªãã®ã§ãããã¯XNUMX幎ã«ã¯å°ãªããªãã§ããããéå䜵ãè¡ã£ãŠãã ããã ãã®å Žåãæµåæ§ã確ä¿ããå ¬éããããã®äŸ¿å©ãªæ¹æ³ãšããŠãéå䜵ãè¡ããŸãã ããã¯ããã§ãã ããããè³éã調éããå¿ èŠã®ããç§ãã¡ã«è¿ã¥ããŠããäŒæ¥ã¯ãæ ªäž»ãæºè¶³ãããããšãã§ããäœããã®æ¹æ³ã§è³Œå ¥ãããããéåžžã¯ããŸãæ¯æããªãã£ããããéå䜵ã¯è¡ããŸããã ã§ãããã圌ãã¯ãŸã æ ªäž»ã§ãã ããªãã¯ãããªããç¥ã£ãŠããããã«ãçªç¶ãããå·ã€ããäžçã§ããããããæªãããšã§ããå€ãã®çç±ãããããšã確èªããå¿ èŠããããŸãã ç§ãã¡ã¯çŸåšãè³é調éã容æã«ããéå䜵ãè¡ã£ãäŒç€ŸãšååããŠããŸãããããã§ã¯ãããŸããã ãããŠåœŒã¯ä»åœŒã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã調æŽããŠãããšããã§ãããããšã圌ã¯åœŒããããããŠããªãã£ããããã®ã«ãšæããŸãã 圌ããããå ã«æ»ãããšãã§ããã°ã圌ã¯ããããã§ãããã ã ããããããèŠããŠãããŠãã ããã ç§ã¯ããã§ãæéã®è¶ éã詳现ã«ç«ã¡å ¥ãããšã¯ã§ããŸããã
äœæãæ¥ãŸããã ããããããŸãã ããã£ãã ãããã£ãŠãéå䜵ã XNUMXæ³ã§ã¯ãããŸããã ãããŠãããªãã®äŒç€ŸãXNUMXãæããååšããªãã£ããšããŠããXNUMX幎ã®æŽå²ãå®éã®æŽå²ããªããã°NASDAQã«æ²èŒã§ããªãå Žåã¯ãé§è»ããŠäœãèµ·ãããªãã£ãäŒç€Ÿãéžã¶ããšã¯ã§ããŸããã XNUMX幎åã«ãã®äžã§ã ãããŠãå®éã®æ°ãæ¢ãã®ã§ããããNASDAQäžå ŽäŒç€ŸãšããŠäœ¿çšããŸãã 圌ãã¯å®éã®å±¥æŽãæ¢ããŸãããäœããããŸããããªã¹ãã«èŒããããšã¯ã§ããŸããã çŽ æµãªãã®ããªã¹ãããã«ã¯XNUMX幎ã®å±¥æŽãå¿ èŠã§ãããéåžžã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®è¡ããã«ã¯ãXNUMX幎以å ã«é¡ãç£æ»ãå¿ èŠã§ããäŒç€Ÿã¯æ°ãã圌女ã®éã¡ãé¿ããäŒç€ŸãšããªããæäŸããŠããååŒã¯ãããªã¹ãã®ããã«é£ã¶ã§ãããã
ããªããç¥ã£ãŠãããç§ãã¡ã¯ããªããšäžç·ã«ãã¹ããè¡ãããšãã§ããŸãã ç§ãã¡ã¯ãããè¡ãããã®æ°ãããäºå®ããè¯ããããéãæ¹æ³ãèãåºããŸããã ãããšããããã«èªä¿¡ããããšæã£ãŠããããé©çšãããŠããªãããšã«æ°ä»ããããã«ããã¹ãŠã®ãã¬ãŒã ã§ã©ã€ãã«ç§»è¡ããå ŽåããããŸãã 次ã«ã代çåºããã©ãããã©ãŒã äžã§è€æ°ã®ãªãã¡ãªã³ã°ããŒãžãäœæããŠããéã«ãè€æ°ã®ãªãã¡ãªã³ã°ããŒãžãäœæããŸããè€æ°ã®ãªãã¡ãªã³ã°ããŒãžã¯ãã¹ãŠãéãåãããã¹ãŠã猶ãžã®XNUMXã€ã®ã²ãŒãããšã¹ã¯ããŒããããã«ãéãæµããŠããŸãããç°ãªãåºåã¯ããè¯ãã¡ãã»ãŒãžã³ã°ãç解ããããã®ããŒãžãæäŸããŸãã æ£ããïŒ ãããšãã¹ã¿ãŒãåŸã«å¿ èŠãªå Žåã¯ããããŸãããçŽ æµãªäŒç€Ÿãªã®ã§ãã€ããããã¡ãŒã«ãªããšãããããããäŒããããšã¯ã§ããŸããã ããã¯ãŸã£ãããããããŸããã ãŸãã¯ããµããŒããããŠããç©è³ªã«ã人ã ãç®ã®å©çã«æè³ããŠããåµåã®ç³ãåºãããå Žåã¯ãããªãã®çã¿ãè©äŸ¡ããŸãããããªããç¥ã£ãŠãããç§ãã¡ãæ£ããããšãããŠããããšã確èªããŠãã ããã ããã®ããã ãã«ãããããªãã§ãã ããã
ç§ãã¡ããœãŒã·ã£ã«ã¡ãã£ã¢åºåãçã®ç·ãä»ããŠæã¡èŸŒãã ãããã®äººã ãäœãä»ã®ããšãããŠããã®ã§ãæè³å®¶ãããã®æäœæè³å®¶æ°ãé«ãèšå®ããªãã§ãã ããã æ£ããã ããããåºåã¯åœŒããèŠãŠãããã圌ãã¯åœŒãã«ãšã£ãŠèå³æ·±ãã®ã§ã¢ããªããã§ãã¯ããŠããŸãã ã©ããããããã圌ãããšã©ãŸãããã®ã«çŽ30ç§ãXNUMXç§ããããŸãã ãããã£ãŠãæå°å€ãé«ãããå Žåããã®æç¹ã§åœŒãã¯ã«ãžã¥ã¢ã«ã«å€ããŸãŸã«ãªããŸãã 圌ãã¯äœãä»ã®ããšãããŠããŸããããïŒ ãããŠããããé«ãããŠãæäœã§ããã¬ã€ã§ããªãå Žåãããã¯ãéããã¬ã€ããŠããŸããã 圌ãã¯è¡ã£ãŠããäºåºŠãšæ»ã£ãŠããªãã ããªãã¯ããããç§ã¯ããã§éã¶ããšãã§ãããšèšãã®ã«ååãªæäœå€ãæã£ãŠããŸãã ç§ã¯ããã«ããŒã¯ã³ã®éé¡ãå ¥ããŠããããã©ããªãããèŠãããšãã§ããŸããã ä»ã圌ãã¯XNUMXç§éç«ã¡åŸçããŠããŠãç§ãã¡ã¯ãããååã«èª¬åŸåã®ãããã®ã«ããŠã圌ããæè³ãéå§ããããXNUMXåéæ»åšããããã«ããŸããã æ£ããïŒ
ãããã¯æãããªééãã§ãããä»ã§ã¯è³ªåã«çããããšãã§ããŸãã ãããšãããã€ãªããããããªãã®ã§ãèŠãŠåãã§ããŸãã ãããšãããããã 質åã¯ã©ãã«ãããŸããïŒ äžã«ã¹ã¯ããŒã«ããäžã«ã¹ã¯ããŒã«ããŸãã ãã¿ãŸããã ãããç§ãã¡ã¯regDãããregA +ã®ãã®å©ç¹ãèšé²ããŠããŸãã泚ç®ãéããã®ã¯ç°¡åã§ãã ããŒã±ãã£ã³ã°ã³ã¹ãã¯äœããªããŸãã é©åãªçš®é¡ã®ãªãã¡ãªã³ã°ã«ã€ããŠã¯ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®æè³å®¶ã«é£çµ¡ããæ¹ãç°¡åã§ãã Reg Dã¯ãç§ããã®èš±å¯ã«é Œãå¿ èŠããªããããéå§ããã®ãç°¡åã§ãéå§ããã®ã«ãããè²»çšãå°ãªããŠæžã¿ãŸãã ãããšãããã¯æ³åŸã§ãã ãããã¯äžé£ã®ãããªããç¥ã£ãŠãããããã¯å€§ããããšã§ãããæºåããã®ã«ãããè²»çšãå°ãªããŠæžã¿ããããŠããã¯ããéãã§ãã ãããã£ãŠãXNUMXé±éã§ãregDãšåªããããŒã±ãã£ã³ã°ãè¡ãããšãã§ããŸãã ãããããåç¥ã®ããã«ãèªå®æè³å®¶ã®æ³šæãåŒãããšã¯å°é£ã§ããã圌ãã¯æ£åœãªçç±ã§å·ç¬çã§ãã
ã ãããããªããç¥ã£ãŠãããããªããç¥ã£ãŠãããããªããç¥ã£ãŠãããããªãã®æäŸã®æ§è³ªã«å¿ããŠãç§ããããè³æãŸãã¯å察ããããã€ãã®ã±ãŒã¹ã ãããå§ãããŸãã ãããšãã§ãããã説åŸåã®ããã¡ãã»ãŒãžã§ãªãéããregDã®æè³å®¶ãç²åŸããã®ã¯é£ããã§ãã 圌ãã¯ãéã皌ãããã®ã§ãã 圌ãã¯ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã«èŠããã楜芳çãªçç±ã§ãããè¡ã£ãŠããŸãããã¯ããç§åäœã§è³æ ŒãååŸãããšãè³éã調éãã幎ããããŸãã æ©ãäžæåæ¢ã§ããŸãã äžæåæ¢ã§ããŸãã ããªããã§ãããç§ãã¡ã¯ãããéããŠãããªãã¯æ°ããããšãã§ããŸãã æ©ãçµããããããšãã§ããŸããããããšããããšãXNUMX幎ã§æŽæ°ã§ããŸãããããã¯æ°ããã¢ããªã§ãã ããã¯æ°ãããã¡ã€ãªã³ã°ã§ãã 圌ãã¯ããªãã®çµŠæãåŒè·å£«ã«å°ãå®ãæ¯æãã§ãããã ãããåã補åãã¹ã¿ã€ã«ãåãã»ãã¥ãªãã£ãªã©ã§ããå Žåã ããããããªãã¯åãã£ãŠå§ããŸãã æ¬åœã«é·ãäŒæ©ãªãã§ãããæã¡ããã®ãªããããªãã¯æåã®ãã®ã®çµããã®åã«XNUMXçªç®ã®ãã®ã®ããã«æ¬¡ã®ãã®ãå§ããŸãã
ã§ããããæéå ã«æºåãã§ããŠããŸããããã¯ãçµæžçãªèŠ³ç¹ãããNASDAQãå®éã®åžå Žã§ããååŒæããªã¹ãããããã®æè¯ã®ãã©ãããã©ãŒã ã§ãã ããªããããèªèº«ãæ¯ããã®ã«ååãªå®äœãæã£ãŠããäŒç€Ÿãæã£ãŠãããªããããã¯ããã¹ãå Žæã§ãã æ ªäŸ¡ãæ¯ããããã«æµåæ§ãåŸãã®ã¯ãšãŠãé£ããã®ã§ãç§ã¯åºé åžå Žã«ã¯è¡ããŸãããã圌ãã¯ããã«ããŸãã 圌ãã¯å ¥ããããã§ãã 圌ãã¯ããå®ãã§ãããïŒ ç§ã¯ããã12ãŸãã¯15ã±ã€ãã§ãããOTCQBã«ãªã¹ããããŠãããšæããŸãã ã§ããããããã¯ããå®äŸ¡ãªçŸéã§ãããããã¯ããã§ã®å€æ°ã®å šäœã®çµã¿åããã®ã»ãã®äžéšã«ãããŸããã æ£ããïŒ æ£ããããšãããXNUMXã€ã®ãªãã·ã§ã³ãæ¯èŒããŸãã
ããã ã€ãŸããXNUMXã€ã®ãªãã·ã§ã³ãæ¯èŒããŠãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®è¡ããŠæåã«è³éã調éããæåŸã®æ¥ã«ãªã¹ããæçš¿ããŸããããã¯ãNASDAQã·ã§ã«ãšã®éå䜵ãšæ¯èŒããŠãå ¬éäŒç€ŸãšããŠè³éã調éããŸãã ããŠãããªããè²·ãããšãã§ããã·ã§ã«ã®ã»ãšãã©ã¯æ¢ãŸã£ãŠããŸãã ããã¯ãããªããç¥ã£ãŠããããããŒæ ªã§ãããïŒ ããã¯åé¡ã ã ç Žç£ããæŽå²ããããŸãã ããã¯ããªããããªãã®æ¹æ³ãå°ç¡ãã«ããå¿ èŠãããåé¡ã§ãã ãŸãã¯ãéåžžãããªãã¯åœŒãã®èã®ãã³ããæãã§ããå€ãã®æ ªäž»ãæã£ãŠããŸãã ã ããããªãã¯äœãéãããšãããªããã°ãªããŸããã å€ãã®å Žåãæ®éæ ªãæäŸããã®ã¯è¯ãèãã§ã¯ãããŸããã ãããããªãããããããã€ãã®ã·ã§ã«ã§ãããªãã°ãåé¡ã¯ãéåžžã«å€ãã®èŠåããããŸãããäžè¬çã«èšãã°ããããŒã¹ããã¯ã§ãã ãããã£ãŠããã®äŒç€Ÿãå ¬éããã»ãã¥ãªãã£ã§ã¯ãªããæ°ããã»ãã¥ãªãã£ãå®è¡ããŠãã ããã
ã§ããããç§ã®èŠè§£ã§ã¯ãå€ãã®å Žåãããªããæ¬åœã«å€ãã®ããšãããããšãã§ããªãäœããæã£ãŠããããªãã®å€§è¡ã ãããã圌ãè²ã£ããšããããªããã¡ã¬äŒæ¥ãæã£ãŠãããšããããªãã¯ç¥ã£ãŠããŸããç§ãã¡ãèŠããããã®é»æ°äŒç€Ÿã®ããã€ãã®ããã«ã圌ãã¯ãããè¡ãããšãã§ããSPACãŸãã¯ã·ã§ã«ã䜿ã£ãŠå ¬éããŸãã ãåç¥ã®ããã«ãããã«ã¯ããŸããŸãªè©±ããããŸãããªããªããéåžžã«å€ãã®é¢å¿ãããããã§ãã ãã¡ã€ãªã³ã°äžã«ã€ã¿ãªã¢èªã®ããã¯ãããã€ãæã€ããšã¯å¯èœã§ããããããšãè±èªã§ãªããã°ãªããŸãããïŒ ãããŠãç§ã®ãŠã§ããµã€ãã«ã¯èªå翻蚳ããããŸãã ã ãããç§ã®ãŠã§ããµã€ãããã³ããã¿ã³ãçãéŠéœãèŠãŠãç§ã®åŸãã®ããŽãèŠãŠãã ããã ãããŠãã€ã¿ãªã¢èªãã¯ãªãã¯ãããšããµã€ãå šäœãã€ã¿ãªã¢èªã«ãªããŸãã regDãšRegulationA +ã§ãç°ãªãæéã§åæã«è³éã調éã§ããŸãã ã¯ãã ç°ãªãäŸ¡æ Œãç°ãªã奜ã¿ã14äžã®å£²äžãŸãã¯äžéã æå³ã¯ããããŸããããéåžžã14äžã®ã¬ã€ãºã¯ãNASDAQã«ãªã¹ãããå¿ èŠãããçš®é¡ã®ãŸãŒã³ã§ãããããããããåªããŠããŸãã ãããããåç¥ã®ãšãããããã¯æäœéã®ããšã§ãã éåžžãããã€ãã®äŸå€ããããŸãã
ããŠãçŸæç¹ã§ã¯ããåç¥ã®ããã«ããªãã§ã³ã¹ã®ãµããŒãã®ããã«åžå Žãéåžžã«çãäžãã£ãŠããããéåžžã«æãã®ã§ããããšãæ¬è³ªçã«çæ°ãã空çœã®ãã§ãã¯ã§ããããã€ãã®ã¹ããã¯äŒç€ŸããããŸãã ããã«ã¯ããŸã 䜿ãããŠããªããæ°ãããŠæ°é®®ãªããŒããŒã«ã³ãããŒããããŸãã ãã®é»æ°äŒç€Ÿã®ååãäŒç€Ÿã¯äœã§ããïŒ æãåºããŸãããããã©ãã¯ãé»æ°ãã©ãã¯ããã³ã©ããã³ã©ããããŸãã 圌ãã¯ãããããŸããã 圌ãã¯ååŒãç¥ã£ãŠããŸããããç§ãã¡ã¯éåžžã«ãéåžžã«é«ãããªã¥ãšãŒã·ã§ã³ãéåžžã«çŽ æŽãããåžå Žã«ã€ããŠè©±ããŠããŸãã ããªããç¥ã£ãŠãããããªãã¯ãã è¡ã£ãŠããã«ãããããã¹ãã§ãã ããã¯ããã§ãã ããã¯ãããã®ç¶æ³ã§åœŒãã®ããã«åããŸãã ããªãã¯ã¡ã¬ããã¯ã¹ã調éããŠããŸãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¯é©åãªæ段ã§ã¯ãããŸããã ããã ããã¯ãã€ãããã®å£°æã§ãããç§ã¯åæããŸãã ããªãã¯ãŸã ãããæ瀺ããŠæäŸã§ããŸããïŒ
å士ããã®è³ªåãããããŸããã ããªãããããåéããããšãã§ããã°ãéçã®ãã®ã ããªããäœãæ±ããŠããã®ãããããŸããã ããããèªãã ãã§ãããã€ãã®è¯ãã¹ããŒãã¡ã³ããæçšãªã¹ããŒãã¡ã³ãã«ãªããŸãã ããããšãããããŸããã ããã ããããã®è³ªåããããŸããã®ã§ã楜ããã§ããã ããã§ããããã ããã®ããã€ãã¯é¢é£ããŠããŸããå°ãªããšãç§ã¯ãã®ãããªããšãããã®ã楜ããã§ããŸãã ç§ããããŸãã ããããç¹ã«ããªããããã楜ããã§ãããªããç§ããããšãã®ãããããŠãããªãããªãç§ãã¡ã¯ãããããã®ã§ããããïŒ ç§ã¯èããªããã°ãªããŸããã ç§ã¯ãã以äžã®ããšãç¥ã£ãŠããŸãã 楜ããã ãããã£ãŠãçŽæ¥äžå Žã¯çæ°ãããã®ã§ã¯ãããŸããã ããã¯ãã°ããã®éå©çšå¯èœã§ãããç§ã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®çŽæ¥ãªã¹ããè¡ãããšã楜ãã¿ã«ããŠããŸãã ããªããç¥ã£ãŠãããç§ã¯ãããããã®ã楜ãã¿ã«ããŠããŸãã ç§ã¯æ¬åœã«æéã®åé¡ã§ãã æ£ããïŒ ãããŠãç§ãã¡ãæåã®ãã®ãè¡ããšãããããã¯ä»ã®å€ãã®ãä»ã®å€ãã®è³éã«ãªããŸãã èœã¡ãä»ã®ãã®ãããã§ãããã ãã®XNUMXã€ã§ãã ç§ãã¡ããããŒã«ãŒãã£ãŒã©ãŒã§ã¯ãªãçç±ã®XNUMXã€ã¯ãIPOãè¡ãããã«åŒåäŒç€Ÿãšææºã§ããããå€ãã®ããšãã§ãããšããããšã§ãã ç§ãã¡ããããŒã«ãŒã®ãã£ã¿ã ã£ãå ŽåãFINRAã¯ãç§ãã¡ãè«æ±ããææ°æã圌ããèšãã®ã§ãç§ãã¡ã®ååŒãçŠæ¢ããŸãã ããã«ãçªç¶ã®æ°Žäžæéã¯éå°ãªè£åã§ãã ãããã«ããããã£ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå©çšããŠããäŒæ¥ã®ãªã¹ããæäŸã§ããŸããïŒç§ããšã³ãŒãââãŸãããã¹ãŠã®ãªã¹ãã¯ãããŸããã ãã®æç¹ã§ãããã®è² è·ããããŸãã ãããšãç§ãã¡ã¯å®æçã«æ°ããæ°åãç©äºã«é¢ããã¬ããŒããäœæããŠããŸãã ãããããããšãããªããç§ã«é»åã¡ãŒã«ãéã£ãŠããããªããç§ã¯ããªãã«ããã«é¢ããããã€ãã®æ å ±ãéããŸãã
å¶éãè¶ ããããšãããšã©ããªããŸããïŒ è€æ°ã®ã¬ã®ã¥ã¬ãŒã·ã§ã³A + 900ã2019ãªãã¡ãªã³ã°ãè¡ãããšã¯å¯èœã§ããïŒ ããã ãããäœåºŠãæåããŠããã®ã¯ãè³é調éã«ãããã®ã§ãããããšãæ°ãããšã³ãã£ãã£ãããããæ°ãããšã³ãã£ãã£ãå®è¡ããåãšã³ãã£ãã£ããã®èª¿éãå®è¡ããŠããã®ã¯å¥ã ã§ãã ããã¯LLCã§ãããä»ã®ãã®ãšã¯å¥ã®ãã®ã§ããããããã¯ãã¹ãŠ2019人ã®ãããŒãžã£ãŒãå ±æããŠããŸãã ã§ããããããã¯650人ã®ãããŒãžã£ãŒã§ãããç§ãã¡ã¯ããã調æŽããããããã®ãéã皌ãã§ããŸãã ãããŠã圌ãã¯ãã®æç¹ã§20åãã«ä»¥äžã調éããŸããã ãããŠãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¯ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãè€æ°ã®äžŠè¡ãªãã¡ãªã³ã°ã«å«ãŸããŠããŸãã ã§ããããçè«çã«ã¯éäžåç£äŒç€Ÿã§ãããè¡ãããšã¯å¯èœã§ããããŸã 誰ããããè¡ã£ãŠããŸããã æ£ããïŒ ãããã£ãŠã管çæ§é ãèšå®ããŠãããããã«å¯ŸããŠã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãå®è¡ãããšã³ãã£ãã£ãšããã®ããã«ç§ãã¡ã«å ±é³Žããªãå¥ã®ã®ã¢ãèšå®ããŸããããã¯æ©èœããã¯ãã§ããã誰ãå®è¡ããŠããŸããã ããã¯äžåç£ã§è¡ãããŠããŸãã ããŠããããšããã€ã§ãããããããæã«çŽ24瀟ãç§åäœã§è³æ ŒãååŸããŠãããšèšããŸãã ã ãããããã¯ããªãã«ãããã®ãã¹ãŠããã¹ãã§ãããšèšãã®ã§ã¯ãªããããªãã«ã¢ã€ãã¢ãäžããŸãããããããã¯æã«è³æ ŒãåŸãæ°ã§ãã ããã§ããã®ãã©ããã¯äœã§ããïŒ å¹Žé41人ãè³æ ŒãååŸããŸãã ã ããããã¯ããªãã«ããã®æèŠãäžããŸãã ç§ã®ãŠã§ããµã€ãã§ãã®å šäœçãªé¢ä¿ããã2018幎ã«ãããã°ã§ããã調ã¹ãããšãã§ããŸãã ãããŠXNUMX幎ã®ãã¥ãŒã¹ã§ã¯ãã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¯XNUMXåããããã«è¶ ããé¡ã調éããŸããã 調éããããªãã¡ãªã³ã°ã®ç·æ°ã¯ãXNUMXåXNUMXäžãã«ãäžåç£ã§ãã£ããã¡ã®XNUMXåãã«åŒ·ã§ããã å¹³åã¯XNUMXäžã§ããã ãããŠãããªãããã£ã¢XNUMXã®ãªãã¡ãªã³ã°ãã€ãŸãå¹³åçãªéšå±ã®XNUMXäžããããããæäŸã§ããªãå Žåã倧èŠæš¡ãªæ絊ã®ã»ãšãã©ã¯äžåç£ã§ããã ããã¯XNUMX幎ã«æ¯ã¹ãŠXNUMXïŒ å¢å ããŠããŸãã
æªãã¯ãªãã ä»å¹Žã¯2019幎ã«ãªããŸããã41ïŒ äžãããšã¯æããŸããã ç§ã¯20ïŒ ã®ããã«ãç®ã®ããã®ç¹å®ã®æäœåçèŠä»¶ãã¬ã®ã¥ã¬ãŒã·ã§ã³A + IPOã¯ãªããšæããŸãã ããã¯åå ¥ã«ã€ããŠã§ã¯ãããŸããã ããã¯äŒç€Ÿã®å šäœçãªé åã«ã€ããŠã§ãããïŒ ããªãã¯ä»åå ¥ã®ãªãäŒç€Ÿãæã€ããšãã§ããŸããããã圌ãã¯ãã€ãªãã¯ãããžãŒã®ãããªçŽ æŽããã空éã§ãå°»ã蹎ãã§ãããã ãããŠãããªãã¯ããªãã®åå ¥ã®ããäŒç€Ÿãæã€ããšãã§ããŸãã ããã¯ãšãŠãéå±ã§ãã 圌ãã®æ£ããå¿ã®èª°ãããã«è§Šããªãã§ãããã æ£ããïŒ å»å¹Žã1幎åã«IPOãããããšæã£ãŠããäŒç€ŸããããŸãããã圌ãã¯XNUMXïŒ ãXNUMX幎ã®æé·ãXNUMXïŒ ã®å¹Žãå©çãæ»ãã ãéå±ãªããžãã¹ãçµéšããŠããŸããã IPOã
ããããç§ãã¡ã®ãµã€ãã®ãªã¹ãã¯ãç§ãã¡ã§ã¯ãããŸãããç§ãã¡ã¯ãã ãããªããç¥ã£ãŠãããç§ãã¡ã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®äžçã§äžäººã®ãã¬ãŒã€ãŒã§ãããç§ãã¡ã¯ããããæ¹æ³ã§åŒçšããããšãã§ããŸãã ç§ãã¡ã¯ã·ã§ãŒã§ãããããŸããã ããªããç§ã«é»åã¡ãŒã«ãéããªãã°ãç§ã¯ããªãã«æž¬å®åºæºãéããŸãããããŠç§ã¯ããªãã«ãããªãã«èŠããŸããããªãã«ç§ãã¡ãããããéèŠãªååŒã説æããææžãéããŸãã ããããããªãã人é£ã人皮ãç§ã®ç¥ã欲ãããªããããã¯é·ãæéãšé·ãåªåã«ãªãã§ãããã ãããããªã¹ãããã¹ãã¬ããã·ãŒãããéãããŸãã å€åã ãããç§ãããªãã«éããã®ã§ãã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã䜿çšããŠããããã«äŒç€Ÿã®æ°ãããããªããšããã¡ãŒã«ãéã£ãŠãã ããã ãããšããã®çªå·ã¯ããããŸããã ç³ãèš³ãããŸããã ç§ã¯ãããè¡ãããŠããããšãç¥ã£ãŠããŸãããç§ã¯ããªãã«çãããããŸããã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãæè³å®¶ã«æ°ããç°å¢ãžã®é¢å¿ãæãããããããœãŒããšããããªãŒãããžã§ã¯ãã®å€§ããªåžå Žã§ããã å人ã¯ãããæ°ã«ããŸãã ã ããã圌ãã¯MIFã§ãéãå ¥ããã§ãããããã¯éåžžã«æè³ã§ãã ãããŠãæ°åå€åãé転ãããäŒæ¥ãäœããããšæã£ãŠããŸãã ãããŠãç§ãã¡ã®ããã«ãŠã€ã«ã¹ãœãªã¥ãŒã·ã§ã³ãæäŸããäŒç€Ÿãäœããããšæã£ãŠããŸãã ç§ã®ç¥ãåŒãèµ·ãããªãããç§éã¯ããããå¿ èŠãšããŸãã æ£ããã ã¯ã¯ãã³ããã®ä»ã®è¬ã
ããã ããŠãç¹å¥ãªå ŽåãšããŠãã³ã©ãã£ã¹ã«ãŒã éå䜵ãããªããšèšã£ãŠããã®ã§ã¯ãããŸããã åã«èšã£ãããç§ã¯ééã£ãŠããŸããã ç§ã¯ç§ãã¡ã®ãŸãŒã³ãšäŒæ¥ãé¢å¿ã®ãããŸãŒã³ã§èããŠããŸããããªãããããããã€ãããªããããªããäœãããŠããã®ããç¥ã£ãŠããããšã確èªããŠãã ããã ããã ãã§ããç§ã¯å®å šã«éå䜵ãåãæ¶ãããšã¯ããŠããŸããã ããã ä»ã®ãšãããæè³ããšã«æäœ500ãæãŠããšã¯æããŸããã 300ãã600ãŸã§ã®äŒæ¥ããããŸãããããç§ãã¡ã®ç¯å²ã§ãã ããã äžé±é以å ã«é²é³ããããŸãã åé¡ãå°ãªãã ããã¯ãç§ãã¹ã¿ãŒãã¢ããã§ããããããã£ãã¯ããã¬ãŒã³ãªãããªãã¯ã·ã§ã«ãæ¢ãããã«æ±ããŠãããã®ã§ããã以åã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã®ãã£ã¢40ã40ãã«ã§å®è¡ããŠããŸãããããã£ã¢15ã§XNUMXãã«ãå®è¡ããããšã¯ã§ããŸããããã£ã¢XNUMXã§ããå¿ èŠããããŸãã ãããŠãç§ã¯ã·ã§ã«ã䜿çšããŸããã ããã¯ç§ã®å¿ã«ã¯ãããããŸããã ã¬ã®ã¥ã¬ãŒã·ã§ã³A +èªäœãå®è¡ããå¿ èŠããããã·ã§ã«éšåã¯å®è¡ããªãã§ãã ããã ããªããããã«ã€ããŠç§ã«é»åã¡ãŒã«ãéããããã«ã€ããŠè°è«ããããªãã ãã³ã©ããã¡ããšããŠããŠå¬ããã§ãã ãïŒ XNUMXæ³ã®æ¯åã«ãç§ãããã«æè³ãããšèšãããŸããã 話é¡ã«ãªãåã«ãå®éã«ã©ããªããã¯èª°ã«ãããããŸããã ãããšããã¹ã©ãäœæããäŸ¡æ Œã®åãèŠãŠãã ããã ããã¯çµ¶å¯Ÿã«é©ç°çã§ãã ç§ã¯ãã¹ã©ã«æè³ãããã³ãã£ãŒãã¡ã³ãã«ããŸããã ããã§ãç§ã¯æåãããã¹ã©ã®æ ªãã°ãããŠå£²ã£ãŠããããŸããã
REITãäœã£ãŠè³éã調éã§ããŸããïŒ ãããŠãããã¯ã¬ã®ã¥ã¬ãŒã·ã§ã³A +ãããå®ãã®ã§ããããããããšãããªããã©ã®ããã«è³éã調éããã®ãããããŸããã ã€ãŸããã¬ã®ã¥ã¬ãŒã·ã§ã³A +ã¯ãçã®ãªãŒãè³éã調éããããã®æè¯ã®æ¹æ³ã§ãã ãéãéããæ¹æ³ãããããŸããã ç§ã¯ãã倧ããªãããã¯ãŒã¯ã§ãã ãã®ãã³ããã¿ã³ã¯åŸªç°ããŠããŸãã ç§ãã¡ã«ã¯ããããšã60,000人ã®ã¡ã³ããŒãããŸãããXNUMXã€ã®å€§ããªçç±ãããã¡ã³ããŒã¯ããã»ã©å€§ãããããŸããã XNUMXã€ã¯ããã©ãããã©ãŒã äžã§æå¹ãªãã¹ãŠã®è£œåãæ¡çšããŠããããã§ã¯ãªããšããããšã§ãã 圌ãã¯ããããã¹ãŠã«å ¥ãããã§ã¯ãããŸããã 圌ãã¯ãªãããŒãããŠããã®ã§ãæ°ãã補åã宣äŒããããã«ããããã¹ãŠã«åãçµãããšã¯ãããŸããã 倧äžå€«ã ãã ããªããããªãã®ãªãã¡ãªã³ã°ãã©ã€ãã§ããããããçµäºãããŸã§ç§ãã¡ãšååŒãããå Žåãç§ãã¡ã¯ä»ã®ãªãã¡ãªã³ã°ã宣äŒããããä»ã®äŒç€Ÿãããªãã®ãªã¹ãã«èªåèªèº«ã宣äŒããããšãèš±å¯ããããšã¯æ±ºããŠãããŸããã
æ£ããïŒ ã§ããããç§ãã¡ããããã«è§ŠããŸããã ã§ãããããŸã æºåãã§ããŠããªãæ°ãããããããã®ã§ãç§ãã¡ã®æ°ã¯ãã€ãèšã£ãŠãããããã¯ããã«å€§ããã§ãããïŒ ãããã®æäŸãçµäºãããããã«å£²ã蟌ããã¹ãŠã®ã¡ã³ããŒããããšããç§ãã¡ã¯ç§ãã¡ã®ãªã¹ããå°éããããããä¹±çšããŸããã ããããã°ãç§ãã¡ãã話ãèããŠãã ãããããããã°ãç§ãã¡ã¯ããããããå€ãã®äŸ¡å€ãåŸãããšãã§ããŸãã ãããšãç§ãã¡ã¯éžæçã§ãããïŒ ãªããªããç§ãã¡ããã£ãããšã¯ãã£ãšããããã®ååŒã®å°çã§ãããç§ã¯äœããã®çç±ã§ããããããããªãã®ã§ãã ç§ãã¡ã¯ãããããããããããŸããã§ããã ã ãããããã¯ãã¹ãŠã®ãªã¹ããšããå°ããªãã®ãç¶æããŸãããããã幞ããªãªã¹ãã¯ãç§ãã¡ãååŒæã«çŽæ¥äžå Žããããã®ã¹ãã³ãµãŒã«ãªãããšãã§ãããšæããŸããïŒ ãŸãã¯ãComputershareãä¿ç®¡ãããããã«ããšã«ãã転éãšãŒãžã§ã³ãã®ã©ãã«ã§ããDTCãDTCãé©æ Œæ§ã貧ãã人ã ãå¿ èŠã§ãã ã¯ããããããã¹ãŠãå¿ èŠã§ãã çŽæ¥äžå Žããããã«ããããŒã«ãŒããŒã¿ã¹ãã³ãµãŒèªäœã¯å¿ èŠãããŸããã XNUMXã€ã®ããŒã±ããã¡ãŒã«ãŒãæããå¿ èŠããããŸãããäŒç€Ÿãç±çããŠããå Žåãããã¯ç°¡åã§ãã ãããŠãããã¯ãã¹ããã¯ã«å¯ŸåŠããããã»ã¹ã®äžéšã§ãã ããã§äŸ¿å©ã§ãã ããããšãããããŸããã ã¯ãã ããŠããªäžæ¥ãã ãã€ããç§ãã¡ãçŽ æŽãããããšãæãéããããšãã§ãããé åçã§ãšããµã€ãã£ã³ã°ãªäŒç€Ÿãšã®ãæèŠããåŸ ã¡ããŠãããŸãã è¯ãäžæ¥ãã ãã€ãã€ã
ãã®ããã¹ããã©ã³ã¹ã¯ãªããã«ã¯ã䜿çšããããã¹ãå€æãœãããŠã§ã¢ãžã®é³å£°èªèã«ãã£ãŠåŒãèµ·ãããããšã©ãŒããããŸãã æ£ç¢ºã§ããããã«ããã¹ãã«äŸåããªãã§ãã ããã ãããªã®é¢é£éšåãèŠãŠãé©åãªæ å ±ãæäŸãããŠããããšã確èªããŠãã ããã ãã®ããã¹ãã®è»¢åã«äŸåããŠãçºèšãŸãã¯çºè¡šè ã®æå³ãæ£ç¢ºãŸãã¯åæ ããªãã§ãã ããã