{"id":1640,"date":"2022-09-01T14:41:10","date_gmt":"2022-09-01T14:41:10","guid":{"rendered":"https:\/\/ipoconference.com\/?p=1640"},"modified":"2022-09-16T02:43:42","modified_gmt":"2022-09-16T02:43:42","slug":"initial-public-offering-ipo","status":"publish","type":"post","link":"https:\/\/ipoconference.com\/ja\/initial-public-offering-ipo\/","title":{"rendered":"\u65b0\u898f\u682a\u5f0f\u516c\u958b (IPO)"},"content":{"rendered":"
\n\t\t\t\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t\t
\n\t\t\t
\n\t\t\t\t\t\t
\n\t\t\t\t
\n\t\t\t\t\t\t\t\t\t

I. \u516c\u52df\u3068\u6d6e\u52d5\u682a<\/h3>

\u300c\u30d5\u30ed\u30fc\u30c6\u30fc\u30b7\u30e7\u30f3\u300d\u3068\u306f\u3001\u4f01\u696d\u306e\u8a3c\u5238\u3092\u516c\u7684\u8cc7\u672c\u5e02\u5834\u306b\u58f2\u308a\u51fa\u3059\u3053\u3068\u306b\u306a\u308b\u3001\u591a\u6570\u306e\u8907\u96d1\u306a\u624b\u7d9a\u304d\u3092\u542b\u3080\u7dcf\u79f0\u3067\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u30d0\u30fc\u30b0\u30fb\u30db\u30fc\u30f3\u30d6\u30ed\u30ef\u30fc\u30fb\u30c7\u30b7\u30e5\u30ce\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306e\u4e3b\u306a\u5f37\u307f\u306f\u3001\u767a\u884c\u4f1a\u793e\u306b\u3068\u3063\u3066\u6700\u3082\u6709\u5229\u306a\u5f62\u5f0f\u3067\u3001\u500b\u3005\u306e\u4f01\u696d\u5411\u3051\u306b\u3053\u306e\u6d6e\u4e0a\u30d7\u30ed\u30bb\u30b9\u3092\u5f15\u304d\u53d7\u3051\u308b\u3053\u3068\u3067\u3059\u3002<\/p>

\u696d\u52d9\u306e\u5404\u6bb5\u968e\u306f\u672c\u8cea\u7684\u306b\u975e\u5e38\u306b\u6280\u8853\u7684\u306a\u3082\u306e\u3067\u3042\u308a\u3001\u682a\u5f0f\u5e02\u5834\u5f53\u5c40\u306e\u8907\u96d1\u306a\u898f\u5236\u306b\u95a2\u3059\u308b\u5e83\u7bc4\u306a\u77e5\u8b58\u3068\u3001\u3053\u306e\u9ad8\u5ea6\u306b\u898f\u5236\u3055\u308c\u305f\u5206\u91ce\u3067\u696d\u52d9\u3092\u884c\u3046\u305f\u3081\u306b\u5fc5\u8981\u306a\u8a66\u9a13\u3092\u7121\u4e8b\u306b\u5b8c\u4e86\u3057\u305f\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u3078\u306e\u30a2\u30af\u30bb\u30b9\u304c\u5fc5\u8981\u3067\u3059\u3002<\/p>

\u3053\u3046\u3057\u305f\u8981\u4ef6\u304c\u3042\u308b\u305f\u3081\u3001\u30a4\u30f3\u30bf\u30fc\u30cd\u30c3\u30c8\u3084\u305d\u306e\u4ed6\u306e\u30e1\u30c7\u30a3\u30a2\u3067\u63d0\u4f9b\u3055\u308c\u308b\u3055\u307e\u3056\u307e\u306a\u65e2\u88fd\u306e\u30bd\u30ea\u30e5\u30fc\u30b7\u30e7\u30f3\u306b\u306f\u61d0\u7591\u7684\u306b\u306a\u308b\u3088\u3046\u304a\u5ba2\u69d8\u306b\u30a2\u30c9\u30d0\u30a4\u30b9\u3057\u3066\u3044\u307e\u3059\u3002\u6b8b\u5ff5\u306a\u304c\u3089\u3001\u3053\u308c\u3089\u306e\u89e3\u6c7a\u7b56\u306f\u3001\u4f01\u696d\u306e\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306e\u5931\u6557\u306b\u3088\u308a\u8a3c\u5238\u53d6\u5f15\u6240\u3067\u306e\u53d6\u5f15\u91cf\u304c\u4e0d\u5341\u5206\u306b\u306a\u308b\u305f\u3081\u3001\u4f01\u696d\u306b\u6cd5\u7684\u304a\u3088\u3073\u8ca1\u653f\u7684\u554f\u984c\u3092\u5f15\u304d\u8d77\u3053\u3059\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>

\u5f93\u6765\u306e\u65b0\u898f\u682a\u5f0f\u516c\u958b\uff08IPO = \u65b0\u898f\u682a\u5f0f\u516c\u958b\uff09<\/strong><\/p>

\u5f93\u6765\u306e IPO \u3092\u5b9f\u884c\u3059\u308b\u30d7\u30ed\u30bb\u30b9\u3092\u3001\u6b21\u306e\u3088\u3046\u306b\u69cb\u6210\u8981\u7d20\u306b\u5206\u89e3\u3059\u308b\u3068\u5f79\u7acb\u3061\u307e\u3059\u3002<\/p>

  1. \u300c\u30ec\u30dd\u30fc\u30c8\u767a\u884c\u8005\u300d\u306e\u30b9\u30c6\u30fc\u30bf\u30b9\u3092\u53d6\u5f97\u3059\u308b\u305f\u3081\u306e\u767a\u884c\u8005\u306e\u767b\u9332\u3002<\/li>
  2. \u95a2\u9023\u3059\u308b\u8a3c\u5238\u5e02\u5834\u5f53\u5c40\u3078\u306e\u767a\u884c\u8005\u306e\u767b\u9332\u3002<\/li>
  3. \u95a2\u9023\u5f53\u5c40\u3078\u306e\u554f\u984c\u306e\u767b\u9332\u3002<\/li>
  4. \u884c\u653f\u5f53\u5c40\u3078\u306e\u6709\u4fa1\u8a3c\u5238\u306e\u767b\u9332\u3002<\/li>
  5. \u767a\u884c\u8005\u3068\u5f15\u53d7\u4f1a\u793e\u3092\u52d9\u3081\u308b\u6295\u8cc7\u9280\u884c\u5bb6\u3068\u306e\u9593\u306e\u5951\u7d04\u306e\u7de0\u7d50\u3002<\/li>
  6. \u767a\u884c\u8005\u306e\u516c\u958b\u5e02\u5834\u307e\u305f\u306f\u8a3c\u5238\u53d6\u5f15\u6240\u3078\u306e\u56fa\u7740\u3002<\/li>
  7. \u7533\u8fbc\u66f8\u985e\u306e\u6761\u4ef6\u306b\u5f93\u3063\u3066\u3001\u6295\u8cc7\u9280\u884c\u5bb6\u307e\u305f\u306f\u767a\u884c\u8005\u306b\u3088\u308b\u8a3c\u5238\u53d6\u5f15\u6240\u307e\u305f\u306f\u5e02\u5834\u3067\u306e\u8a3c\u5238\u306e\u914d\u5e03\u3002<\/li><\/ol>

    \u3053\u308c\u3089\u306e\u6bb5\u968e\u306f\u3001\u8a3c\u5238\u304c\u5f15\u7528\u3055\u308c\u308b\u8a3c\u5238\u5e02\u5834\u306e\u6b63\u5f0f\u306a\u898f\u5247\u3001\u7279\u306b\u8a3c\u5238\u53d6\u5f15\u59d4\u54e1\u4f1a\u3068\u5317\u7c73\u306e\u898f\u5247\u306b\u5f93\u3063\u3066\u884c\u308f\u308c\u307e\u3059\u3002<\/p>

    \u8a3c\u5238\u696d\u5354\u4f1a\u3002<\/strong><\/p>

    \u5229\u70b9<\/strong><\/p>

    \u30b3\u30b9\u30c8\u306e\u524a\u6e1b:<\/strong>\u00a0SEC \u3068 NASD \u306e\u898f\u5247\u3067\u306f\u3001\u8abf\u9054\u984d\u306e\u5236\u9650\u306f\u5b9a\u3081\u3089\u308c\u3066\u3044\u307e\u305b\u3093\u3002<\/p>

    \u4f01\u696d\u306e\u300c\u901a\u8ca8\u300d\u306e\u5275\u8a2d\uff1a <\/strong>\u6709\u4fa1\u8a3c\u5238\u304c\u516c\u958b\u5e02\u5834\u3067\u53d6\u5f15\u3055\u308c\u308b\u3068\u304d\u3001\u305d\u308c\u3089\u306b\u306f\u4e00\u5b9a\u306e\u5b9f\u969b\u306e\u5e02\u5834\u4fa1\u5024\u304c\u751f\u3058\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u5fc5\u8981\u306b\u5fdc\u3058\u3066\u3001\u3088\u308a\u591a\u304f\u306e\u8a3c\u5238\u3092\u58f2\u5374\u3057\u3066\u8a3c\u5238\u306e\u6d41\u52d5\u6027\u3092\u9ad8\u3081\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u300c\u901a\u8ca8\u300d\u306e\u3082\u3046 1 \u3064\u306e\u6709\u7528\u306a\u76ee\u7684\u306f\u3001\u4f01\u696d\u304c\u7b2c\u4e09\u8005\u4f01\u696d\u3068\u306e\u8cb7\u53ce\u307e\u305f\u306f\u5408\u4f75\u3092\u884c\u3044\u3001\u305d\u308c\u3089\u306e\u4f01\u696d\u3092\u73fe\u91d1\u306e\u4ee3\u308f\u308a\u3068\u3057\u3066\u4f7f\u7528\u3057\u305f\u3044\u5834\u5408\u3067\u3059\u3002<\/p>

    \u77ed\u6240<\/strong><\/p>

    \u9ad8\u30b3\u30b9\u30c8:<\/strong>\u00a0\u5e02\u5834\u3067\u306e\u898b\u7a4d\u3082\u308a\u30b3\u30b9\u30c8\u306f\u3001\u6700\u521d\u306e\u63d0\u6848\u3068\u305d\u306e\u5f8c\u306e\u904b\u7528\u306e\u4e21\u65b9\u3067\u9ad8\u984d\u306b\u306a\u308a\u307e\u3059\u3002 IPO \u306e\u5834\u5408\u3001\u624b\u6570\u6599\u307e\u305f\u306f\u305d\u306e\u4ed6\u306e\u624b\u6570\u6599\u306f\u3001\u8abf\u9054\u8cc7\u91d1\u306e 10% \u306b\u76f8\u5f53\u3059\u308b\u306e\u304c\u901a\u5e38\u3067\u3059\u3002\u3055\u3089\u306b\u3001\u898b\u7a4d\u3082\u308a\u306b\u304b\u304b\u308b\u8a34\u8a1f\u8cbb\u7528\uff08SEC \u306b\u95a2\u9023\u3059\u308b\uff09\u306f\u6570\u5341\u4e07\u7c73\u30c9\u30eb\u306b\u9054\u3059\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>

    \u9045\u3044\u30d7\u30ed\u30bb\u30b9:<\/strong> IPO \u306e\u30d7\u30ed\u30bb\u30b9\u3067\u306f\u3001\u5dde\u307e\u305f\u306f\u5730\u65b9\u306e\u682a\u5f0f\u5e02\u5834\u5f53\u5c40\u306a\u3069\u3001\u95a2\u9023\u5f53\u5c40\u3068\u5354\u529b\u3057\u3066\u591a\u304f\u306e\u624b\u7d9a\u304d\u3092\u884c\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002 SEC \u3068 NASD \u306b\u306f\u7279\u306b\u6ce8\u610f\u3092\u6255\u3046\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u30d7\u30ed\u30bb\u30b9\u306e\u958b\u59cb\u306b\u306f 9 \u304b\u6708\u304b\u3089 1 \u5e74\u304b\u304b\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002<\/p>

    \u9650\u5b9a\u65b0\u898f\u682a\u5f0f\u516c\u958b
    (SB-I\u3001SB-II\u3001REG A\u3001\u514d\u9664)<\/strong><\/p>

    \u7279\u5b9a\u306e\u6761\u4ef6\u4e0b\u3001\u7279\u306b\u65b0\u898f\u58f2\u308a\u51fa\u3057\u984d\u304c\u5236\u9650\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u3001\u8a3c\u5238\u5e02\u5834\u5f53\u5c40\u306f\u767a\u884c\u8005\u304c\u4e00\u822c\u304a\u3088\u3073\u6295\u8cc7\u5bb6\u306b\u63d0\u4f9b\u3059\u308b\u60c5\u5831\u3092\u6e1b\u3089\u3057\u306a\u304c\u3089\u8fc5\u901f\u306a\u58f2\u308a\u51fa\u3057\u3092\u884c\u3046\u3053\u3068\u3092\u8a31\u53ef\u3057\u307e\u3059\u3002\u3053\u308c\u3089\u306e\u9650\u5b9a\u7684\u306a\u30aa\u30d5\u30a1\u30fc\u306f\u3001\u767a\u884c\u8005\u304c\u8ffd\u52a0\u8cc7\u672c\u3092\u8abf\u9054\u3059\u308b\u969b\u306b\u5c06\u6765\u306e\u5236\u9650\u3092\u53d7\u3051\u308b\u305f\u3081\u3001\u8cc7\u672c\u3092\u8abf\u9054\u3059\u308b\u969b\u306b\u3053\u306e\u30eb\u30fc\u30c8\u306b\u5f93\u3046\u5834\u5408\u306f\u614e\u91cd\u3067\u3042\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>

    \u52a0\u901f\u65b0\u898f\u682a\u5f0f\u516c\u958b (FASTIPO\u2122)<\/strong><\/p>

    \u3053\u306e\u30bf\u30a4\u30d7\u306e\u516c\u52df\u306f 2,000 \u4e07\u7c73\u30c9\u30eb\u306b\u5236\u9650\u3055\u308c\u3066\u304a\u308a\u3001Greenberg\u3001Hornblower\u3001Deschenaux & Partners \u306e\u6240\u6709\u7269\u304a\u3088\u3073\u88fd\u54c1\u3067\u3059\u3002 Greenberg\u3001Hornblower\u3001Deschenaux & Partners \u3067\u5f97\u3089\u308c\u305f\u77e5\u8b58\u306b\u3088\u308a\u3001\u5f53\u793e\u306f\u72ec\u81ea\u306e\u6d6e\u9078\u65b9\u6cd5\u3092\u958b\u767a\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3057\u305f\u3002 FastIPO\u2122 \u306f\u3001\u305d\u306e\u540d\u524d\u304c\u793a\u3059\u3088\u3046\u306b\u30014 \u304b\u6708\u672a\u6e80\u3067\u5b8c\u4e86\u3067\u304d\u308b\u52a0\u901f\u6d6e\u9078\u3067\u69cb\u6210\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u3053\u306e\u6d6e\u9078\u306f\u3001\u5f93\u6765\u306e\u516c\u52df\u3068\u306f\u7570\u306a\u308b\u898f\u5247\u3068\u624b\u9806\u306b\u57fa\u3065\u3044\u3066\u904b\u55b6\u3055\u308c\u3001\u57fa\u672c\u7684\u306b SEC Form-10 \u3068 SB-II \u3092\u4f7f\u7528\u3057\u307e\u3059\u3002 FastIPO\u2122 \u306f\u3001\u767a\u884c\u8005\u306e\u6cd5\u7684\u69cb\u9020\u304c\u904e\u5ea6\u306b\u8907\u96d1\u3067\u3042\u308b\u5834\u5408\u3001\u9577\u671f\u9593\u5b58\u5728\u3059\u308b\u5834\u5408\u3001\u307e\u305f\u306f\u6295\u8cc7\u5bb6\u306b\u901a\u77e5\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u767a\u884c\u6570\u304c\u591a\u3059\u304e\u308b\u5834\u5408\u306a\u3069\u3001\u591a\u304f\u306e\u5236\u9650\u8981\u4ef6\u306b\u3088\u308a\u4f7f\u7528\u304c\u5236\u9650\u3055\u308c\u307e\u3059\u3002\u5927\u304d\u3044\u3002<\/p>

    FastIPO\u2122 \u306f\u3001SEC \u306e\u898f\u5247\u306b\u6e96\u62e0\u3057\u3066\u3044\u308b\u9650\u308a\u3001\u5f93\u6765\u306e\u682a\u5f0f\u516c\u958b\u306b\u5fc5\u8981\u306a\u8981\u4ef6\u3088\u308a\u3082\u5236\u9650\u304c\u7de9\u3044\u305f\u3081\u3001\u512a\u308c\u305f\u8cc7\u91d1\u8abf\u9054\u65b9\u6cd5\u3067\u3059\u3002<\/p>

    \u5229\u70b9<\/strong><\/p>

    \u30b3\u30b9\u30c8\u524a\u6e1b\uff1a<\/strong>FastIPO\u2122 \u306b\u3088\u308a\u3001\u767a\u884c\u8005\u306f IPO \u306e\u30b3\u30b9\u30c8\u3092\u5927\u5e45\u306b\u524a\u6e1b\u3067\u304d\u307e\u3059\u3002\u5fc5\u8981\u306a\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u306e\u6570\u304c\u5c11\u306a\u304f\u306a\u308a\u3001\u30a2\u30c9\u30d0\u30a4\u30b6\u30fc\u304c\u5fc5\u8981\u306a\u4f5c\u696d\u3092\u8fc5\u901f\u306b\u5b8c\u4e86\u3067\u304d\u308b\u305f\u3081\u3001\u30b3\u30b9\u30c8\u304c\u524a\u6e1b\u3055\u308c\u307e\u3059\u3002<\/p>

    \u5b9f\u884c\u901f\u5ea6:<\/strong>\u901a\u5e38\u3088\u308a\u3082\u306f\u308b\u304b\u306b\u65e9\u304fIPO\u3092\u7d44\u7e54\u3057\u3001\u5fc5\u8981\u306a\u6e96\u5099\u4f5c\u696d\u3092\u3059\u3079\u3066\u81ea\u793e\u3067\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u5f53\u793e\u306f\u95a2\u9023\u5f53\u5c40\u3068\u306e\u512a\u308c\u305f\u9023\u643a\u306b\u3088\u308a\u3001\u901a\u5e38\u306e IPO \u306b\u4f34\u3046\u9762\u5012\u306a\u4f5c\u696d\u306e\u591a\u304f\u3092\u8fc5\u901f\u306b\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u3001\u5fc5\u8981\u306a\u66f8\u985e\u4f5c\u6210\u306e\u7d4c\u9a13\u306b\u3088\u308a\u3001IPO \u7de0\u7d50\u307e\u3067\u306b\u5fc5\u8981\u306a\u6642\u9593\u3092 2.5 \uff5e 4 \u304b\u6708\u306b\u77ed\u7e2e\u3067\u304d\u307e\u3059\u3002<\/p>

    \u300c\u901a\u8ca8\u300d\u306e\u5275\u8a2d\uff1a<\/strong> \u3053\u306e\u70b9\u306b\u95a2\u3057\u3066\u306f\u3001FastIPO\u2122 \u306e\u5229\u70b9\u306f\u5f93\u6765\u306e IPO \u3068\u307e\u3063\u305f\u304f\u540c\u3058\u3067\u3042\u308a\u3001\u65b0\u898f\u682a\u5f0f\u516c\u958b\u6642\u3001\u5c06\u6765\u306e\u8cc7\u91d1\u8abf\u9054\u6d3b\u52d5\u3001\u307e\u305f\u306f\u5b58\u7d9a\u671f\u9593\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u30b9\u30c6\u30fc\u30bf\u30b9\u306b\u9055\u3044\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u5f15\u7528\u5b9f\u4f53\u3068\u3057\u3066\u306e\u4f1a\u793e\u306e\u3002\u7279\u5b9a\u306e\u4f01\u696d\u76ee\u6a19\u3092\u9054\u6210\u3059\u308b\u305f\u3081\u306b\u3001\u682a\u5f0f\u306f\u7c21\u5358\u306b\u8b72\u6e21\u304a\u3088\u3073\u4ea4\u6e09\u3067\u304d\u308b\u305f\u3081\u3001\u8cb4\u793e\u306b\u3068\u3063\u3066\u3082\u30e1\u30ea\u30c3\u30c8\u304c\u3042\u308a\u307e\u3059\u3002\u4f01\u696d\u4fdd\u8a3c\u306e\u4ea4\u6e09\u3084\u8cb7\u53ce\u3092\u884c\u3046\u5834\u5408\u306a\u3069\u3001\u3055\u307e\u3056\u307e\u306a\u72b6\u6cc1\u3067\u3053\u306e\u5229\u70b9\u3092\u6d3b\u7528\u3067\u304d\u307e\u3059\u3002<\/p>

    \u77ed\u6240<\/strong><\/p>

    \u30a2\u30e1\u30ea\u30ab\u5408\u8846\u56fd\u3067\u306e\u307f\u53ef\u80fd\u3067\u3059\u3002<\/p>

    2,000\u4e07\u7c73\u30c9\u30eb\u306e\u8abf\u9054\u306b\u9650\u5b9a:<\/strong> \u5834\u5408\u306b\u3088\u3063\u3066\u306f\u3001\u6700\u521d\u306e\u8cc7\u91d1\u8abf\u9054\u304c 2,000 \u4e07\u30c9\u30eb\u306b\u6e1b\u984d\u3055\u308c\u305f\u5834\u5408\u306b\u306e\u307f\u30014 \u304b\u6708\u306e\u671f\u9650\u3092\u9075\u5b88\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u540c\u793e\u306f\u5f8c\u65e5\u8ffd\u52a0\u306e\u8cc7\u672c\u8abf\u9054\u3092\u884c\u3046\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>

    \u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u3092\u5272\u308a\u5f53\u3066\u308b\u65b9\u6cd5<\/strong><\/p>

    \u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u3092\u5272\u308a\u5f53\u3066\u308b\u65b9\u6cd5\u306b\u3088\u3063\u3066\u3001\u3069\u306e\u5f53\u4e8b\u8005\u304c\u5206\u914d\u3092\u5f15\u304d\u53d7\u3051\u308b\u304b\u3001\u3064\u307e\u308a\u3069\u306e\u5f53\u4e8b\u8005\u304c\u30aa\u30d5\u30a1\u30fc\u306e\u5206\u914d\u3092\u62c5\u5f53\u3059\u308b\u304b\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>

    \u4ea4\u6e09\u306b\u3088\u308b\u5f15\u53d7<\/strong><\/p>

    \u76f8\u5bfe\u5f15\u53d7\u3067\u306f\u3001\u767a\u884c\u8005\u306f\u8a3c\u5238\u306e\u767a\u884c\u3092\u5f15\u304d\u53d7\u3051\u3066\u682a\u5f0f\u3092\u5206\u914d\u3059\u308b\u5f15\u53d7\u4f1a\u793e\u3068\u4ea4\u6e09\u3057\u307e\u3059\u3002\u3053\u308c\u306b\u95a2\u9023\u3057\u3066\u3001\u5f15\u53d7\u4f1a\u793e\u304c\u8a3c\u5238\u767a\u884c\u306e\u6761\u4ef6\u304a\u3088\u3073\u76ee\u8ad6\u898b\u66f8\u306e\u8349\u6848\u306b\u95a2\u3057\u3066\u767a\u884c\u8005\u306b\u52a9\u8a00\u3059\u308b\u306e\u306f\u901a\u5e38\u306e\u3053\u3068\u3067\u3059\u3002<\/p>

    \u7af6\u4e89\u5165\u672d<\/strong><\/p>

    \u7af6\u4e89\u5165\u672d\u74b0\u5883\u3067\u306f\u3001\u767a\u884c\u8005\u306f\u4e88\u5099\u76ee\u8ad6\u898b\u66f8\u3092\u914d\u5e03\u3057\u3001\u5f15\u53d7\u4f1a\u793e\u306b\u7279\u5b9a\u306e\u65e5\u4ed8\u307e\u3067\u306b\u30aa\u30d5\u30a1\u30fc\u3092\u884c\u3046\u3088\u3046\u6c42\u3081\u307e\u3059\u3002\u767a\u884c\u8005\u306b\u3068\u3063\u3066\u6700\u3082\u9b45\u529b\u7684\u306a\u30aa\u30d5\u30a1\u30fc\u306f\u3001\u30a2\u30f3\u30c0\u30fc\u30e9\u30a4\u30bf\u30fc\u3068\u540d\u4ed8\u3051\u3089\u308c\u307e\u3059\u3002<\/p>

    \u3059\u3079\u3066\u306e\u8a3c\u5238\u767a\u884c\u306f\u3001\u6bd4\u8f03\u7684\u8907\u96d1\u3067\u975e\u5e38\u306b\u6280\u8853\u7684\u306a\u30d7\u30ed\u30bb\u30b9\u3067\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u30d0\u30fc\u30b0\u30fb\u30db\u30fc\u30f3\u30d6\u30ed\u30ef\u30fc\u30fb\u30c7\u30b7\u30e5\u30ce\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306f\u3001\u5e02\u5834\u3067\u306e\u5730\u4f4d\u3092\u5b88\u308b\u305f\u3081\u306b\u767a\u884c\u4f1a\u793e\u3092\u6307\u5c0e\u3057\u3001\u8a3c\u5238\u767a\u884c\u306b\u5fc5\u8981\u306a\u66f8\u985e\u3084\u5951\u7d04\u66f8\u306e\u8349\u6848\u3092\u4f5c\u6210\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u308c\u306b\u3064\u3044\u3066\u306f\u4ee5\u4e0b\u306b\u8aac\u660e\u3057\u307e\u3059\u3002<\/p>

    \u5f15\u53d7\u5951\u7d04<\/strong><\/p>

    \u5f15\u53d7\u5951\u7d04\u306f\u3001\u767a\u884c\u8005\u304c\u8a3c\u5238\u306e\u52df\u96c6\u306b\u95a2\u3057\u3066\u5f15\u53d7\u4f1a\u793e\u307e\u305f\u306f\u5f15\u53d7\u4f1a\u793e\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u3068\u5951\u7d04\u3059\u308b\u6cd5\u7684\u5951\u7d04\u3067\u3059\u3002\u3053\u306e\u5951\u7d04\u306f\u3001\u5f15\u53d7\u4f1a\u793e\u306e\u696d\u52d9\u306b\u95a2\u3059\u308b\u3059\u3079\u3066\u306e\u6761\u4ef6\u3082\u5b9a\u3081\u308b\u3082\u306e\u3067\u3059\u3002<\/p>

    \u8cfc\u8aad\u65b9\u6cd5<\/strong><\/p>

    \u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u306e\u65b9\u6cd5\u306b\u3088\u3063\u3066\u3001\u5f15\u53d7\u4f1a\u793e\u307e\u305f\u306f\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u304c\u767a\u884c\u8005\u306b\u5bfe\u3057\u3066\u884c\u3046\u5951\u7d04\u306e\u7a2e\u985e\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>

    \u300c\u30d9\u30b9\u30c8\u30a8\u30d5\u30a9\u30fc\u30c8\u300d\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3<\/strong><\/p>

    \u30d9\u30b9\u30c8 \u30a8\u30d5\u30a9\u30fc\u30c8\u578b\u306e\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u3067\u306f\u3001\u5f15\u53d7\u4f1a\u793e\u306f\u767a\u884c\u3055\u308c\u305f\u3059\u3079\u3066\u306e\u682a\u5f0f\u306e\u58f2\u5374\u3092\u71b1\u5fc3\u306b\u8a66\u307f\u3001\u58f2\u308c\u6b8b\u3063\u305f\u8a3c\u5238\u306f\u3059\u3079\u3066\u767a\u884c\u4f1a\u793e\u306b\u8fd4\u9084\u3055\u308c\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u8a3c\u5238\u306e\u58f2\u5374\u5931\u6557\u306e\u30ea\u30b9\u30af\u306f\u5f15\u53d7\u4f1a\u793e\u3067\u306f\u306a\u304f\u767a\u884c\u8005\u304c\u8ca0\u3044\u307e\u3059\u3002<\/p>

    \u78ba\u56fa\u305f\u308b\u6c7a\u610f<\/strong><\/p>

    \u78ba\u7d04\u306e\u6761\u4ef6\u306e\u4e0b\u3067\u3001\u5f15\u53d7\u4f1a\u793e\u307e\u305f\u306f\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u306f\u767a\u884c\u4f1a\u793e\u304b\u3089\u3059\u3079\u3066\u306e\u8a3c\u5238\u3092\u5272\u5f15\u4fa1\u683c\u3067\u8cfc\u5165\u3059\u308b\u3053\u3068\u306b\u540c\u610f\u3057\u307e\u3059\u3002\u30d5\u30a1\u30fc\u30e0\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u65b9\u5f0f\u306e\u30d0\u30ea\u30a8\u30fc\u30b7\u30e7\u30f3\u3068\u3057\u3066\u300c\u30b9\u30bf\u30f3\u30d0\u30a4\u300d\u5951\u7d04\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u306e\u5951\u7d04\u3067\u306f\u3001\u5f15\u53d7\u4f1a\u793e\u306f\u3001\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u671f\u9593\u306e\u7d42\u4e86\u6642\u306b\u3001\u767a\u884c\u8005\u304b\u3089\u58f2\u308c\u6b8b\u3063\u305f\u8a3c\u5238\u3092\u3059\u3079\u3066\u8cb7\u3044\u53d6\u308b\u3053\u3068\u306b\u540c\u610f\u3057\u307e\u3059\u3002\u3053\u306e\u5834\u5408\u3001\u5f15\u53d7\u4f1a\u793e\u307e\u305f\u306f\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u306f\u3001\u3059\u3079\u3066\u306e\u8a3c\u5238\u3092\u58f2\u5374\u3067\u304d\u306a\u304b\u3063\u305f\u5834\u5408\u306e\u30ea\u30b9\u30af\u3092\u8ca0\u3044\u307e\u3059\u3002<\/p>

    \u5f15\u53d7\u4eba\u9593\u306e\u5408\u610f<\/strong><\/p>

    \u5f15\u53d7\u696d\u8005\u306e\u5951\u7d04\u306f\u3001\u30b7\u30f3\u30b8\u30b1\u30fc\u30c8\u3092\u69cb\u6210\u3059\u308b\u5f15\u53d7\u696d\u8005\u304c\u81ea\u3089\u3092\u7d44\u7e54\u3057\u3001\u767a\u884c\u8005\u306b\u5bfe\u3057\u3066\u3069\u306e\u3088\u3046\u306b\u6a5f\u80fd\u3059\u308b\u304b\u3092\u5b9a\u3081\u305f\u6cd5\u7684\u5951\u7d04\u3067\u3059\u3002\u3053\u306e\u5951\u7d04\u306f\u3001\u4ee5\u524d\u306b\u8aac\u660e\u3057\u305f\u30b5\u30d6\u30b9\u30af\u30ea\u30d7\u30b7\u30e7\u30f3\u65b9\u6cd5\u3092\u4fee\u6b63\u3057\u307e\u3059\u3002<\/p>

    \u5236\u9650\u4ed8\u304d\u682a\u5f0f\u306e\u767b\u9332\u898f\u5247 144 (\u5236\u9650\u4ed8\u304d\u6709\u4fa1\u8a3c\u5238)<\/strong><\/p>

    \u79c1\u52df\u3067\u53d6\u5f97\u3057\u305f\u7279\u5b9a\u306e\u6709\u4fa1\u8a3c\u5238\u3001\u307e\u305f\u306f\u4f1a\u793e\u306b\u8fd1\u3044\u4eba\u7269\uff0810%\u4ee5\u4e0a\u306e\u53d6\u7de0\u5f79\u3001\u5f79\u54e1\u3001\u682a\u4e3b\u3001\u304a\u3088\u30735%\u4ee5\u4e0a\u306e\u300c\u91cd\u8981\u682a\u4e3b\u300d\uff09\u304c\u4fdd\u6709\u3059\u308b\u6709\u4fa1\u8a3c\u5238\u306f\u3001\u8a3c\u5238\u4f1a\u793e\u304c\u5b9a\u3081\u305f\u898f\u5247\u306b\u57fa\u3065\u3044\u3066\u300c\u5236\u9650\u300d\u3055\u308c\u3066\u304a\u308a\u3001\u4ea4\u63db\u59d4\u54e1\u4f1a\u3002\u7c73\u56fd\u3067\u306f\u3001\u3053\u308c\u3089\u306f\u8a3c\u5238\u5e02\u5834\u3067\u306e\u8ee2\u58f2\u3092\u7981\u6b62\u3059\u308b\u898f\u5247\u306e\u756a\u53f7\u3092\u3068\u3063\u3066\u300c144\u8a3c\u5238\u300d\u3068\u547c\u3070\u308c\u3066\u3044\u307e\u3059\u3002\u591a\u304f\u306e\u4eba\u304c\u8003\u3048\u3066\u3044\u308b\u3053\u3068\u306b\u53cd\u3057\u3066\u3001\u3053\u308c\u3089\u306e\u6709\u4fa1\u8a3c\u5238\u306f\u58f2\u5374\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u304c\u3001\u7279\u5b9a\u306e\u5236\u9650\u304c\u9075\u5b88\u3055\u308c\u3066\u3044\u308b\u5834\u5408\u306b\u9650\u308a\u3001\u4e3b\u306a\u5236\u9650\u306f\u5e02\u5834\u3067\u8ca9\u58f2\u3055\u308c\u306a\u3044\u3068\u3044\u3046\u3053\u3068\u3067\u3059\u3002<\/p>

    Greenberg\u3001Hornblower\u3001Deschenaux & Partners \u306f 144 \u7a2e\u985e\u306e\u8a3c\u5238\u306e\u8ca9\u58f2\u306e\u5c02\u9580\u5bb6\u3067\u3059\u3002\u307b\u3068\u3093\u3069\u306e\u5834\u5408\u3001\u3053\u308c\u3089\u306e\u8a3c\u5238\u306b\u5bfe\u3059\u308b\u5236\u9650\u306f 1 \u5e74\u9593\u7d9a\u304d\u307e\u3059\u3002\u81ea\u767a\u7684\u306b\u7de0\u7d50\u3055\u308c\u305f\u500b\u4eba\u5951\u7d04\u3067\u3053\u306e\u671f\u9593\u4e2d\u306b\u8a3c\u5238\u304c\u58f2\u5374\u3055\u308c\u305f\u5834\u5408\u3001\u305d\u306e\u8ca9\u58f2\u306f\u5408\u6cd5\u304b\u3064\u6709\u52b9\u3067\u3059\u304c\u3001\u8a3c\u5238\u306e\u65b0\u3057\u3044\u4fdd\u6709\u8005\u306b\u306f\u8cfc\u5165\u65e5\u304b\u3089 1 \u5e74\u9593\u306e\u5236\u9650\u518d\u8ca9\u671f\u9593\u304c\u59cb\u307e\u308a\u307e\u3059\u3002\u3057\u305f\u304c\u3063\u3066\u3001\u682a\u5f0f\u5e02\u5834\u306e\u6d41\u52d5\u6027\u304c\u4f4e\u304f\u306a\u308a\u3001\u682a\u5f0f\u5e02\u5834\u304c\u640d\u306a\u308f\u308c\u308b\u53ef\u80fd\u6027\u304c\u3042\u308b\u3068\u3044\u3046\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u308c\u304c\u3001\u3053\u308c\u3089\u306e\u8a3c\u5238\u304c\u300c\u512a\u826f\u9298\u67c4\u300d\u306e\u5e02\u5834\u4fa1\u683c\u3088\u308a\u6700\u5927 20% \u5272\u5f15\u3067\u8cfc\u5165\u3067\u304d\u308b\u7406\u7531\u3067\u3059\u3002\u682a\u4fa1\u304c\u5b89\u5b9a\u3057\u3066\u3044\u308c\u3070\u3001\u682a\u4fa1\u304c\u6025\u843d\u3059\u308b\u30ea\u30b9\u30af\u306f\u4f4e\u304f\u306a\u308a\u307e\u3059\u3002\u3053\u306e\u305f\u3081\u3001\u300c\u5c0f\u578b\u682a\u300d\u306e\u5834\u5408\u3001\u4fa1\u683c\u304c\u4e0d\u5b89\u5b9a\u3067\u3042\u308a\u3001\u7a81\u7136\u306e\u4fa1\u683c\u4e0b\u843d\u306e\u30ea\u30b9\u30af\u304c\u975e\u5e38\u306b\u9ad8\u3044\u305f\u3081\u300175% \u3092\u8d85\u3048\u308b\u5272\u5f15\u3092\u898b\u3064\u3051\u308b\u3053\u3068\u3082\u53ef\u80fd\u3067\u3059\u3002<\/p>

    II.\u5e02\u5834\u898f\u5236<\/h3>

    \u30b0\u30ea\u30fc\u30f3\u30d0\u30fc\u30b0\u30fb\u30db\u30fc\u30f3\u30d6\u30ed\u30ef\u30fc\u30fb\u30c7\u30b7\u30e5\u30ce\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306f\u3001\u4f01\u696d\u306e\u8a3c\u5238\u5e02\u5834\u3078\u306e\u53c2\u5165\u3092\u652f\u63f4\u3059\u308b\u3053\u3068\u306b\u6e80\u8db3\u3057\u3066\u3001\u305d\u308c\u3092\u81ea\u3089\u306e\u904b\u547d\u306b\u653e\u68c4\u3059\u308b\u306e\u3067\u306f\u306a\u304f\u3001\u5e02\u5834\u306e\u898f\u5236\u306b\u95a2\u3057\u3066\u4f01\u696d\u306b\u7d99\u7d9a\u7684\u306a\u652f\u63f4\u3092\u63d0\u4f9b\u3059\u308b\u3053\u3068\u304c\u975e\u5e38\u306b\u91cd\u8981\u3067\u3042\u308b\u3068\u8003\u3048\u3066\u3044\u307e\u3059\u3002\u6d6e\u4e0a\u306b\u6210\u529f\u3057\u305f\u5f8c\u3001\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u307e\u3057\u305f\u3002<\/p>

    \u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u306e\u554f\u984c<\/strong><\/p>

    \u516c\u7684\u8a3c\u5238\u306e\u767a\u884c\u8005\u306e\u7acb\u5834\u306f\u975e\u5e38\u306b\u8cac\u4efb\u306e\u3042\u308b\u3082\u306e\u3067\u3042\u308a\u3001\u767a\u884c\u8005\u304c\u3053\u306e\u5f79\u5272\u306e\u3059\u3079\u3066\u306e\u6cd5\u5f8b\u3001\u898f\u5236\u3001\u6163\u4f8b\u304a\u3088\u3073\u7ba1\u7406\u4e0a\u306e\u8981\u4ef6\u3092\u9075\u5b88\u3059\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002 Greenberg\u3001Hornblower\u3001Deschenaux & Partners \u306f\u3001\u30b3\u30f3\u30d7\u30e9\u30a4\u30a2\u30f3\u30b9\u90e8\u9580\u306e\u30b5\u30fc\u30d3\u30b9\u3092\u901a\u3058\u3066\u767a\u884c\u8005\u306b\u65e5\u5e38\u7684\u306b\u30a2\u30c9\u30d0\u30a4\u30b9\u3092\u884c\u3046\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002\u3053\u306e\u30b5\u30fc\u30d3\u30b9\u306f\u8cbb\u7528\u304c\u304b\u304b\u308b\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u304c\u3001\u4f01\u696d\u3068\u95a2\u9023\u5f53\u5c40\u3068\u306e\u95a2\u4fc2\u306b\u5f79\u7acb\u3061\u3001\u7d50\u679c\u3068\u3057\u3066\u4f01\u696d\u5168\u4f53\u304c\u56f0\u96e3\u306a\u7acb\u5834\u306b\u9665\u308b\u3053\u3068\u3092\u9632\u3050\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>

    \u6d41\u52d5\u6027\u3068\u5e02\u5834\u306e\u5b89\u5b9a\u6027\u306e\u7ba1\u7406<\/strong><\/p>

    \u682a\u5f0f\u5e02\u5834\u304c\u4e0d\u5b89\u5b9a\u3067\u4e0d\u5b89\u5b9a\u306a\u5834\u5408\u3001\u767a\u884c\u8005\u306f\u305d\u306e\u7406\u7531\u3092\u5206\u6790\u3057\u3001\u305d\u308c\u3092\u56de\u907f\u3059\u308b\u305f\u3081\u306b\u5fc5\u8981\u306a\u4e88\u9632\u63aa\u7f6e\u3092\u8b1b\u3058\u308b\u3053\u3068\u304c\u4e0d\u53ef\u6b20\u3067\u3059\u3002\u3053\u308c\u306f\u4f01\u696d\u304c\u5e02\u5834\u3067\u306e\u30a4\u30e1\u30fc\u30b8\u3092\u7dad\u6301\u3057\u7dad\u6301\u3059\u308b\u305f\u3081\u306b\u975e\u5e38\u306b\u91cd\u8981\u3067\u3042\u308a\u3001\u305d\u308c\u304c\u306a\u3051\u308c\u3070\u3001\u540c\u793e\u306e\u8a3c\u5238\u5e02\u5834\u306f\u9b45\u529b\u7684\u3067\u306f\u306a\u304f\u306a\u308a\u307e\u3059\u3002\u30b0\u30ea\u30fc\u30f3\u30d0\u30fc\u30b0\u30fb\u30db\u30fc\u30f3\u30d6\u30ed\u30ef\u30fc\u30fb\u30c7\u30b7\u30e5\u30ce\u30fc\u30fb\u30a2\u30f3\u30c9\u30fb\u30d1\u30fc\u30c8\u30ca\u30fc\u30ba\u306f\u3001\u4f8b\u3048\u3070\u6295\u8cc7\u9280\u884c\u3092\u901a\u3058\u3066\u305d\u306e\u3088\u3046\u306a\u30b5\u30fc\u30d3\u30b9\u3092\u7d44\u7e54\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u3001\u3053\u308c\u306b\u3088\u308a\u8a3c\u5238\u306e\u5ba3\u4f1d\u3068\u9069\u5207\u306a\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30af\u624b\u6cd5\u304c\u4fdd\u8a3c\u3055\u308c\u307e\u3059\u3002<\/p>

    \u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30ad\u30f3\u30b0<\/strong><\/p>

    \u682a\u5f0f\u306e\u4fa1\u683c\u304c\u5b89\u5b9a\u307e\u305f\u306f\u4e0a\u6607\u3059\u308b\u305f\u3081\u306b\u306f\u3001\u5e02\u5834\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u6d41\u52d5\u6027\u3068\u53d6\u5f15\u91cf\u304c\u5341\u5206\u306b\u5f37\u3044\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306f\u682a\u5f0f\u306b\u5fc5\u8981\u306a\u6d41\u52d5\u6027\u3092\u4fdd\u8a3c\u3057\u3001\u901a\u5e38\u306e\u5e02\u5834\u898f\u6a21\u3067\u3042\u308b 100 \u682a\u306e\u58f2\u8cb7\u4fa1\u683c\u3092\u4f5c\u6210\u3059\u308b\u3053\u3068\u3092\u7d04\u675f\u3057\u307e\u3059\u3002\u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30fc\u30ab\u30fc\u306f\u53d6\u5f15\u3054\u3068\u306b\u3001\u682a\u5f0f\u306e\u9700\u8981\u3068\u4f9b\u7d66\u306b\u5fdc\u3058\u3066\u4f55\u3089\u304b\u306e\u65b9\u6cd5\u3067\u4fa1\u683c\u3092\u8abf\u6574\u3067\u304d\u307e\u3059\u3002 Greenberg\u3001Hornblower\u3001Deschenaux & Partners \u306f\u3001\u767a\u884c\u8005\u306e\u53e3\u5ea7\u306e\u30de\u30fc\u30b1\u30c3\u30c8 \u30e1\u30fc\u30ab\u30fc\u3092\u52df\u96c6\u3057\u3001\u682a\u5f0f\u306b\u5bfe\u3059\u308b\u6b63\u3057\u3044\u30de\u30fc\u30b1\u30c3\u30c8 \u30e1\u30a4\u30af\u6226\u7565\u3092\u624b\u914d\u3057\u3001\u5b9f\u884c\u3059\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>

    \u53d6\u5f15\u91cf\u3092\u5897\u52a0\u3057\u3001\u3088\u308a\u5e45\u5e83\u3044\u682a\u4e3b\u57fa\u76e4\u3092\u69cb\u7bc9\u3059\u308b<\/strong><\/p>

    \u30de\u30fc\u30b1\u30c3\u30c8\u30e1\u30a4\u30af\u6d3b\u52d5\u306e\u6839\u5e95\u306b\u306f 2 \u3064\u306e\u57fa\u672c\u7684\u306a\u76ee\u6a19\u304c\u3042\u308a\u307e\u3059\u3002 1 \u3064\u306f\u3001\u6295\u6a5f\u76ee\u7684\u3067\u3001\u307e\u305f\u306f\u5408\u4f75\u6d3b\u52d5\u306b\u6709\u5229\u306a\u6761\u4ef6\u3092\u4f5c\u308a\u51fa\u3059\u305f\u3081\u306b\u3001\u8a3c\u5238\u306e\u4fa1\u683c\u306e\u5024\u4e0a\u3052\u3092\u5f37\u5236\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u3082\u3046 1 \u3064\u306e\u76ee\u6a19\u306f\u3001\u8a3c\u5238\u306e\u5909\u52d5\u6027\u3092\u8efd\u6e1b\u3057\u3001\u305d\u306e\u8a3c\u5238\u306e\u5b89\u5b9a\u3057\u305f\u4fa1\u683c\u3092\u751f\u307f\u51fa\u3059\u305f\u3081\u306b\u4f1a\u793e\u306e\u682a\u4e3b\u57fa\u76e4\u3092\u62e1\u5927\u3059\u308b\u3053\u3068\u3067\u3059\u3002<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>","protected":false},"excerpt":{"rendered":"

    I. PUBLIC OFFERINGS AND FLOATATIONS “Floatation” is a generic term that includes a significant number of complex procedures, which result in the securities of a company being offering on the public capital markets. The main strength of Greenberg, Hornblower, Deschenaux & Partners is to undertake this process of floatation for individual companies, in whichever form is most favorable to the Issuing Company. Each stage of the operation is extremely technical in nature, and requires extensive knowledge of the intricate regulations of the stock market authorities as well as access to advisers who have successfully completed the exams necessary to operate in this highly regulated arena. It is due to these […]<\/p>","protected":false},"author":1,"featured_media":1651,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"wds_primary_category":0,"footnotes":""},"categories":[10],"tags":[],"class_list":["post-1640","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-knowledge"],"_links":{"self":[{"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/posts\/1640","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/comments?post=1640"}],"version-history":[{"count":0,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/posts\/1640\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/media\/1651"}],"wp:attachment":[{"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/media?parent=1640"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/categories?post=1640"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipoconference.com\/ja\/wp-json\/wp\/v2\/tags?post=1640"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}