Research on Value Assessment Methods of the NEWOTCBB Listed Company

Abstract

With the constant improvement of our multi-level capital market, the new third board which is specifically for high-growth high-tech non-listed enterprise to transfer stock and finance directionally has gradually become an important part on the capital market. We call it NEWOTCBB. With the growing of the new third board, system constantly improving and financing constantly simplifying, it is of great significance for the small and medium-sized enterprise development. As an investor, having a correct understanding to the value of the companies in the national equities exchange and quotations can make the right investment decisions. So how to properly assess the value of the new third board companies becomes increasingly important for investors. Different valuation methods have their own characteristics. In this paper, with in-depth analysis of the characteristics of new third board companies enterprises and comparing the advantages and disadvantages of various evaluation methods, it is to identify the quotations valuation method - Real Options.
Key words: NEWOTCBB; The new third board; Real option