公司并购是目前风险资本退出的首要方式

The corporation merging is the main way of venture capital exit

本文先通过股票投资价值模型 ,从理论上分析风险资本公开上市与并购方式退出的巨大差别 ,然后结合我国实际论证 ,公司并购应是我国目前风险资本退出的主要方式 ,强调了公司并购需注重选择并购主体。

This paper analyses the different results in theory between IPO and corporation merging , which two ways venture capital exits, by stocks' value models, then narrates IPO is the main way that Chinese venture capital exit.