{"id":1119,"date":"2026-07-02T10:49:54","date_gmt":"2026-07-02T01:49:54","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=columm&p=1119"},"modified":"2026-07-02T19:35:54","modified_gmt":"2026-07-02T10:35:54","slug":"difference-ma-ipo-merit-hybrid-exit","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/difference-ma-ipo-merit-hybrid-exit\/","title":{"rendered":"M&A\u3068IPO\u306f\u3069\u3061\u3089\u3092\u9078\u3076\uff1f\u4f1a\u793e\u58f2\u5374\u306e\u51fa\u53e3\u6226\u7565\u3068\u5224\u65ad\u57fa\u6e96"},"content":{"rendered":"\n

\u4f1a\u793e\u306e\u5c06\u6765\u3092\u8003\u3048\u308b\u3068\u304d\u3001IPO\u3068M&A\u306e\u3069\u3061\u3089\u3092\u9078\u3076\u3079\u304d\u304b\u8ff7\u3046\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306f\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002\u4e21\u8005\u306e\u8cc7\u91d1\u8abf\u9054\u529b\u3084\u7d4c\u55b6\u6a29\u3001\u63db\u91d1\u30b9\u30d4\u30fc\u30c9\u306e\u9055\u3044\u3092\u6574\u7406\u3057\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u8996\u70b9\u304b\u3089\u9078\u3073\u65b9\u306e\u7269\u5dee\u3057\u3068\u8fd1\u5e74\u306e\u5e02\u5834\u52d5\u5411\u3001\u6210\u7d04\u4e8b\u4f8b\u307e\u3067\u3084\u3055\u3057\u304f\u89e3\u8aac\u3057\u307e\u3059\u3002\u5f8c\u6094\u3057\u306a\u3044\u610f\u601d\u6c7a\u5b9a\u306e\u624b\u304c\u304b\u308a\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

\n
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\"\"<\/a><\/figure>\n<\/div>\n\n\n\n
\n
\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. IPO\u3068M&A\u306e\u57fa\u790e\u77e5\u8b58<\/a>
    1. IPO\u3068\u306f<\/a><\/li>
    2. M&A\uff08\u4f1a\u793e\u58f2\u5374\uff09\u3068\u306f<\/a><\/li><\/ol><\/li>
    3. IPO\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/a>
      1. IPO\u306e\u30e1\u30ea\u30c3\u30c8<\/a><\/li>
      2. IPO\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/li><\/ol><\/li>
      3. M&A\uff08\u4f1a\u793e\u58f2\u5374\uff09\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/a>
        1. M&A\u306e\u30e1\u30ea\u30c3\u30c8<\/a><\/li>
        2. M&A\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/li><\/ol><\/li>
        3. IPO\u3068M&A\u3001\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306f\u3069\u3061\u3089\u3092\u9078\u3076\u3079\u304d\u304b<\/a>
          1. \u5224\u65ad\u306e\u7269\u5dee\u3057\u306b\u306a\u308b\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/a><\/li>
          2. \u4e2d\u5c0f\u4f01\u696d\u3067\u306fM&A\u304c\u73fe\u5b9f\u89e3\u306b\u306a\u308a\u3084\u3059\u3044<\/a><\/li><\/ol><\/li>
          3. \u8fd1\u5e74\u306e\u52d5\u5411\uff5c\u30b9\u30a4\u30f3\u30b0\u30d0\u30a4IPO\u3068\u3044\u3046\u7b2c\u4e09\u306e\u51fa\u53e3<\/a>
            1. \u8cc7\u91d1\u8abf\u9054\u5148\u306e\u591a\u69d8\u5316\u3068PE\u30d5\u30a1\u30f3\u30c9\u306e\u53f0\u982d<\/a><\/li>
            2. \u30b9\u30a4\u30f3\u30b0\u30d0\u30a4IPO\u3068\u306f<\/a><\/li>
            3. \u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\u304c\u53b3\u683c\u5316<\/a><\/li><\/ol><\/li>
            4. \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u304cM&A\u4ef2\u4ecb\u3057\u305f\u4e8b\u4f8b<\/a>
              1. 4\u5e74\u306e\u719f\u616e\u3092\u7d4c\u3066\u65b0\u4e8b\u696d\u3078\u306e\u9053\u7b4b\u3092\u7bc9\u3044\u305f\u627f\u7d99<\/a><\/li>
              2. 23\u6b73\u8d77\u696d\u306e\u82e5\u624b\u304c\u30ad\u30fc\u30de\u30f3\u5371\u6a5f\u3092\u8d8a\u3048\u3066\u6210\u9577\u3078<\/a><\/li>
              3. 4\u5e74\u9593\u306e\u719f\u616e\u3092\u7d4c\u3066\u65b0\u4e8b\u696d\u3078\u306e\u9053\u7b4b\u3092\u69cb\u7bc9\u3057\u627f\u7d99<\/a><\/li>
              4. 23\u6b73\u8d77\u696d\u306e\u82e5\u624b\u304c\u30ad\u30fc\u30de\u30f3\u5371\u6a5f\u514b\u670d\u3057\u6210\u9577\u3078<\/a><\/li><\/ol><\/li>
              5. \u53c2\u8003\uff5cIPO\u5b9f\u73fe\u307e\u3067\u306e\u30d7\u30ed\u30bb\u30b9<\/a>
                1. IPO\u307e\u3067\u306e\u6d41\u308c<\/a><\/li>
                2. \u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u5e02\u5834\u533a\u5206<\/a><\/li>
                3. \u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u57fa\u6e96<\/a><\/li><\/ol><\/li>
                4. IPO\u3068M&A\u306e\u6bd4\u8f03\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
                5. \u307e\u3068\u3081\uff5cIPO\u3068M&A\u306e\u9055\u3044\u3068\u4f1a\u793e\u58f2\u5374\u306e\u5224\u65ad<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n

                  \u300c\u3046\u3061\u306e\u4f1a\u793e\u3067\u3082\u58f2\u5374\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u2026\u300d\u3001\u300c\u4f55\u304b\u3089\u59cb\u3081\u308c\u3070\u3044\u3044\u3093\u3060\u308d\u3046\u2026\u300d\u3002\u305d\u306e\u3088\u3046\u306a\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306e\u4e0d\u5b89\u306b\u3001\u4e2d\u5c0f\u4f01\u696d\u5411\u3051M&A\u4ef2\u4ecb\u4f1a\u793e\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u300120\u5e74\u9593\u30fb500\u4ef6\u4ee5\u4e0a\u306e\u652f\u63f4\u5b9f\u7e3e\u306b\u57fa\u3065\u304d\u3001\u304a\u5fdc\u3048\u3057\u307e\u3059\u3002\u672c\u683c\u691c\u8a0e\u524d\u306e\u60c5\u5831\u53ce\u96c6\u3068\u3057\u3066\u3001\u307e\u305a\u306f\u304a\u8a71\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                  \uff1e \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u7121\u6599\u76f8\u8ac7\u3059\u308b\uff5c\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7<\/a><\/p>\n\n\n\n

                  IPO\u3068M&A\u306e\u57fa\u790e\u77e5\u8b58<\/h2>\n\n\n\n

                  IPO\u3068M&A\u306f\u3001\u4f1a\u793e\u304c\u6b21\u306e\u30b9\u30c6\u30fc\u30b8\u3078\u9032\u3080\u3068\u304d\u306b\u958b\u304f\u4e8c\u3064\u306e\u6249\u3067\u3059\u3002\u3069\u3061\u3089\u3092\u958b\u304f\u304b\u3067\u3001\u7d4c\u55b6\u8005\u672c\u4eba\u306e\u4eba\u751f\u3082\u793e\u54e1\u306e\u5c06\u6765\u3082\u5909\u308f\u308a\u307e\u3059\u3002\u8a00\u8449\u306e\u30a4\u30e1\u30fc\u30b8\u3060\u3051\u3067\u6c7a\u3081\u3066\u3057\u307e\u3046\u524d\u306b\u3001\u4e21\u8005\u306e\u4ed5\u7d44\u307f\u3092\u843d\u3061\u7740\u3044\u3066\u4e26\u3079\u3066\u307f\u307e\u3057\u3087\u3046\u3002\u4f1a\u793e\u3092\u624b\u653e\u3059\u5074\uff08\u4f01\u696d\u3092\u8b72\u6e21\u3059\u308b\u5074<\/a>\uff09\u306e\u8996\u70b9\u304b\u3089\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u3068\u306f<\/h3>\n\n\n\n

                  IPO\uff08\u65b0\u898f\u682a\u5f0f\u516c\u958b\uff09\u306f\u3001\u975e\u4e0a\u5834\u306e\u4f1a\u793e\u304c\u8a3c\u5238\u53d6\u5f15\u6240\u3068\u3044\u3046\u516c\u5171\u306e\u821e\u53f0\u3078\u767b\u5834\u3059\u308b\u3053\u3068\u3067\u3059\u3002\u9577\u304f\u78e8\u3044\u305f\u4e8b\u696d\u3092\u5927\u52e2\u306e\u6295\u8cc7\u5bb6\u306e\u524d\u306b\u3055\u3089\u3057\u3001\u8a55\u4fa1\u3092\u53d7\u3051\u308b\u3002\u83ef\u3084\u304b\u3067\u3042\u308b\u4e00\u65b9\u3001\u53b3\u3057\u3044\u8996\u7dda\u3092\u6d74\u3073\u7d9a\u3051\u308b\u899a\u609f\u3082\u8981\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u6d41\u308c<\/h4>\n\n\n\n

                  \u4e0a\u5834\u3059\u308b\u3068\u3001\u30aa\u30fc\u30ca\u30fc\u304c\u6301\u3064\u682a\u5f0f\u306e\u4e00\u90e8\u304c\u6295\u8cc7\u5bb6\u3078\u6e21\u308a\u3001\u4f1a\u793e\u3082\u5897\u8cc7\u3067\u65b0\u682a\u3092\u767a\u884c\u3057\u307e\u3059\u300290\uff05\u3092\u63e1\u3063\u3066\u3044\u305f\u5275\u696d\u8005\u304c30\uff05\u3092\u653e\u51fa\u3057\u3001\u6b8b\u308a60\uff05\u3092\u6301\u3061\u7d9a\u3051\u308b\u5f62\u304c\u5178\u578b\u3067\u3059\u3002\u591a\u304f\u306e\u5834\u5408\u3001\u4e0a\u5834\u5f8c\u3082\u7d4c\u55b6\u306e\u6700\u524d\u7dda\u306b\u7acb\u3061\u7d9a\u3051\u308b\u3053\u3068\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  M&A\uff08\u4f1a\u793e\u58f2\u5374\uff09\u3068\u306f<\/h3>\n\n\n\n

                  \u5bfe\u3057\u3066M&A\u306e\u57fa\u672c<\/a>\u306f\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u4f1a\u793e\u306e\u6240\u6709\u6a29\u305d\u306e\u3082\u306e\u3092\u8b72\u53d7\u4f01\u696d\u3078\u6e21\u3059\u53d6\u5f15\u3067\u3059\u3002\u7d4c\u55b6\u6a29\u306e\u30d0\u30c8\u30f3\u3092\u6e21\u3057\u305f\u77ac\u9593\u3001\u4f1a\u793e\u306f\u65b0\u3057\u3044\u89aa\u4f1a\u793e\u306e\u4e0b\u3067\u4e8b\u696d\u3092\u7d9a\u3051\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306f\u5bfe\u4fa1\u3092\u624b\u306b\u6b21\u306e\u4eba\u751f\u3078\u8e0f\u307f\u51fa\u3057\u307e\u3059\u3002\u30b4\u30fc\u30eb\u3068\u3044\u3046\u3088\u308a\u3001\u8d70\u8005\u3092\u66ff\u3048\u308b\u30bf\u30b9\u30ad\u6e21\u3057\u306b\u8fd1\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                  M&A\u306b\u304a\u3051\u308b\u682a\u5f0f\u306e\u6d41\u308c<\/h4>\n\n\n\n

                  \u4e2d\u5c0f\u4f01\u696d\u306eM&A\u3067\u306f\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u6301\u682a\u306e\u5927\u534a\u3001\u901a\u5e38\u306f100\uff05\u304c\u8b72\u53d7\u4f01\u696d\u3078\u79fb\u308a\u307e\u3059\u3002\u6301\u682a\u6bd4\u7387\u306f\u30bc\u30ed\u306b\u306a\u308a\u3001\u7d4c\u55b6\u304b\u3089\u5b8c\u5168\u306b\u9000\u304f\u3053\u3068\u3082\u9078\u3079\u307e\u3059\u3002\u5bfe\u4fa1\u3092\u4e00\u62ec\u3067\u53d7\u3051\u53d6\u308c\u308b\u305f\u3081\u3001\u8cc7\u7523\u306e\u78ba\u5b9a\u3068\u7d4c\u55b6\u8cac\u4efb\u304b\u3089\u306e\u89e3\u653e\u3092\u540c\u6642\u306b\u5b9f\u73fe\u3067\u304d\u308b\u306e\u304c\u5927\u304d\u306a\u7279\u5fb4\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u4e0b\u8868\u3067\u3001\u4e21\u8005\u306e\u6027\u683c\u3092\u3072\u3068\u76ee\u3067\u6bd4\u3079\u3089\u308c\u308b\u3088\u3046\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                  \u6bd4\u8f03\u9805\u76ee<\/th>IPO\uff08\u65b0\u898f\u682a\u5f0f\u516c\u958b\uff09<\/th>M&A\uff08\u4f1a\u793e\u58f2\u5374\uff09<\/th><\/tr><\/thead>
                  \u53d6\u5f15\u306e\u76f8\u624b<\/strong><\/td>\u4e0d\u7279\u5b9a\u591a\u6570\u306e\u6295\u8cc7\u5bb6<\/td>\u7279\u5b9a\u306e\u8b72\u53d7\u4f01\u696d\uff08\u76f8\u5bfe\u53d6\u5f15\uff09<\/td><\/tr>
                  \u7d4c\u55b6\u6a29<\/strong><\/td>\u7d4c\u55b6\u9663\u304c\u7dad\u6301\u3057\u3084\u3059\u3044<\/td>\u8b72\u53d7\u4f01\u696d\u3078\u79fb\u8ee2\u3059\u308b<\/td><\/tr>
                  \u8cc7\u91d1\u5316<\/strong><\/td>\u6bb5\u968e\u7684\u3067\u5236\u7d04\u304c\u591a\u3044<\/td>\u4e00\u62ec\u3067\u78ba\u5b9a\u3057\u3084\u3059\u3044<\/td><\/tr>
                  \u6e96\u5099\u671f\u9593<\/strong><\/td>3\u5e74\u4ee5\u4e0a\u304c\u76ee\u5b89<\/td>\u6570\u304b\u6708\u301c1\u5e74\u7a0b\u5ea6<\/td><\/tr>
                  \u8a55\u4fa1\u306e\u6c7a\u307e\u308a\u65b9<\/strong><\/td>\u5b9f\u7e3e\uff0b\u5c06\u6765\u3078\u306e\u671f\u5f85\u5024<\/td>\u5b9f\u7e3e\uff0b\u30b7\u30ca\u30b8\u30fc<\/td><\/tr>
                  \u4e3b\u306a\u76ee\u7684<\/strong><\/td>\u72ec\u7acb\u6027\u3092\u4fdd\u3063\u305f\u4e8b\u696d\u62e1\u5927<\/td>\u4e8b\u696d\u627f\u7d99\u30fb\u6210\u9577\u52a0\u901f\u30fb\u8b72\u6e21\u76ca\u306e\u78ba\u5b9a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                  IPO\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n

                  IPO\u306f\u793e\u4f1a\u306e\u30c1\u30ab\u30e9\u3092\u5473\u65b9\u306b\u4ed8\u3051\u308b\u6226\u7565\u3067\u3059\u304c\u3001\u305d\u306e\u4ee3\u308f\u308a\u306b\u5e02\u5834\u306e\u639f\u306b\u3082\u7e1b\u3089\u308c\u307e\u3059\u3002\u826f\u3044\u9762\u304b\u3089\u9806\u306b\u307f\u3066\u3044\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u306e\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n

                  \u4e0a\u5834\u306f\u3001\u4f1a\u793e\u3092\u4e00\u6c17\u306b\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u3055\u305b\u308b\u71c3\u6599\u30bf\u30f3\u30af\u3092\u5f97\u308b\u884c\u70ba\u3067\u3059\u3002\u6069\u6075\u306f\u5927\u304d\u304f\u3001\u4ee3\u8868\u7684\u306a\u3082\u306e\u306f\u6b21\u306e4\u3064\u306b\u96c6\u7d04\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u5927\u898f\u6a21\u306a\u8cc7\u91d1\u8abf\u9054\u304c\u3067\u304d\u308b<\/h4>\n\n\n\n

                  \u975e\u4e0a\u5834\u306e\u307e\u307e\u306a\u3089\u9280\u884c\u878d\u8cc7\u304b\u5c11\u6570\u306e\u51fa\u8cc7\u306b\u9650\u3089\u308c\u308b\u8cc7\u91d1\u304c\u3001\u4e0a\u5834\u5f8c\u306f\u4e0d\u7279\u5b9a\u591a\u6570\u306e\u6295\u8cc7\u5bb6\u304b\u3089\u4e00\u6589\u306b\u96c6\u307e\u308a\u307e\u3059\u3002\u65b0\u62e0\u70b9\u3084\u7814\u7a76\u958b\u767a\u3001\u6d77\u5916\u9032\u51fa\u3068\u3044\u3063\u305f\u8a08\u753b\u306b\u52d5\u304d\u3084\u3059\u304f\u306a\u308a\u3001\u4fe1\u7528\u529b\u306e\u5411\u4e0a\u3067\u501f\u5165\u30b3\u30b9\u30c8\u3082\u4e0b\u304c\u308a\u3084\u3059\u3044\u3002\u4e0a\u5834\u5831\u9053\u305d\u306e\u3082\u306e\u304c\u5ba3\u4f1d\u306b\u3082\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u4fe1\u7528\u529b\u3068\u63a1\u7528\u529b\u304c\u9ad8\u307e\u308b<\/h4>\n\n\n\n

                  \u53d6\u5f15\u6240\u306e\u5be9\u67fb\u3092\u901a\u3063\u305f\u4e8b\u5b9f\u306f\u3001\u53d6\u5f15\u5148\u306b\u3068\u3063\u3066\u306e\u54c1\u8cea\u4fdd\u8a3c\u306e\u3088\u3046\u306a\u3082\u306e\u3067\u3059\u3002\u65b0\u898f\u958b\u62d3\u306e\u30cf\u30fc\u30c9\u30eb\u304c\u4e0b\u304c\u308a\u3001\u4e0a\u5834\u4f01\u696d\u3067\u50cd\u304d\u305f\u3044\u3068\u3044\u3046\u4eba\u6750\u3082\u96c6\u307e\u308a\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002\u793e\u54e1\u306e\u5bb6\u65cf\u306e\u5b89\u5fc3\u611f\u307e\u3067\u542b\u3081\u3066\u3001\u7d44\u7e54\u306e\u6c42\u5fc3\u529b\u304c\u5f37\u307e\u308b\u52b9\u679c\u306f\u898b\u9003\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                  \u4f01\u696d\u4fa1\u5024\u304c\u62bc\u3057\u4e0a\u3052\u3089\u308c\u308b<\/h4>\n\n\n\n

                  \u682a\u5f0f\u5e02\u5834\u3067\u306f\u5c06\u6765\u3078\u306e\u671f\u5f85\u304c\u682a\u4fa1\u306b\u4e57\u308a\u307e\u3059\u3002\u5b9f\u7e3e\u4ee5\u4e0a\u306e\u6642\u4fa1\u7dcf\u984d\u304c\u4ed8\u304f\u3053\u3068\u3082\u3042\u308a\u3001\u53c2\u52a0\u8005\u306e\u671f\u5f85\u304c\u4fa1\u5024\u3092\u81a8\u3089\u307e\u305b\u307e\u3059\u3002M&A\u304c\u5b9f\u7e3e\u3068\u30b7\u30ca\u30b8\u30fc\u3067\u6c7a\u307e\u308b\u306e\u306b\u5bfe\u3057\u3001IPO\u306f\u5b9f\u7e3e\u3068\u671f\u5f85\u5024\u3067\u8a55\u4fa1\u3055\u308c\u308b\u3002\u3053\u3053\u304c\u4e21\u8005\u306e\u5024\u4ed8\u3051\u306e\u5206\u304b\u308c\u76ee\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u793e\u54e1\u306e\u30e2\u30c1\u30d9\u30fc\u30b7\u30e7\u30f3\u304c\u4e0a\u304c\u308b<\/h4>\n\n\n\n

                  \u81ea\u793e\u540d\u304c\u682a\u4fa1\u6b04\u306b\u4e26\u3076\u8a87\u308a\u306f\u3001\u793e\u54e1\u306e\u58eb\u6c17\u3092\u523a\u6fc0\u3057\u307e\u3059\u3002\u30b9\u30c8\u30c3\u30af\u30aa\u30d7\u30b7\u30e7\u30f3\u306e\u3088\u3046\u306a\u5236\u5ea6\u304c\u3042\u308c\u3070\u3001\u696d\u7e3e\u3068\u682a\u4fa1\u306e\u4e0a\u6607\u304c\u5831\u916c\u306b\u76f4\u7d50\u3059\u308b\u597d\u5faa\u74b0\u3082\u751f\u307e\u308c\u307e\u3059\u3002\u8b72\u6e21\u306e\u5c40\u9762\u3067\u306e\u6271\u3044\u306f\u3001\u65b0\u682a\u4e88\u7d04\u6a29\u3068M&A\u306e\u5b9f\u52d9<\/a>\u3067\u6574\u7406\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n

                  \u4e00\u65b9\u3067IPO\u306f\u9ad8\u3044\u5c71\u306b\u767b\u308b\u884c\u70ba\u3067\u3082\u3042\u308a\u307e\u3059\u3002\u6e96\u5099\u306e\u91cd\u3055\u3068\u4e0d\u78ba\u5b9f\u6027\u3092\u3001\u3042\u3089\u304b\u3058\u3081\u7e54\u308a\u8fbc\u3093\u3067\u304a\u304f\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u5b9f\u73fe\u3067\u304d\u308b\u3068\u306f\u9650\u3089\u306a\u3044<\/h4>\n\n\n\n

                  \u4e0a\u5834\u5be9\u67fb\u306b\u5408\u683c\u7387\u306e\u516c\u8868\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u696d\u7e3e\u306e\u4f38\u3073\u60a9\u307f\u3084\u76f8\u5834\u74b0\u5883\u306e\u6025\u5909\u3060\u3051\u3067\u8a08\u753b\u304c\u9813\u632b\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u3001\u9014\u4e2d\u307e\u3067\u8cbb\u3084\u3057\u305f\u30b3\u30b9\u30c8\u304c\u623b\u3089\u306a\u3044\u53ef\u80fd\u6027\u3092\u62b1\u3048\u307e\u3059\u3002\u5e02\u6cc1\u304c\u51b7\u3048\u8fbc\u3081\u3070\u3001\u64a4\u9000\u3092\u8feb\u3089\u308c\u308b\u65b0\u8208\u4f01\u696d\u3082\u51fa\u3066\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u6e96\u5099\u671f\u9593\u304c\u9577\u3044<\/h4>\n\n\n\n

                  \u30ac\u30d0\u30ca\u30f3\u30b9\u6574\u5099\u3084\u793e\u5185\u898f\u7a0b\u306e\u898b\u76f4\u3057\u3001\u76e3\u67fb\u6cd5\u4eba\u3068\u306e\u5354\u696d\u306a\u3069\u3001\u4e0a\u5834\u524d\u306e\u3084\u308b\u3053\u3068\u306f\u7d30\u304b\u304f\u91cd\u3044\u3002\u77ed\u8ddd\u96e2\u8d70\u3067\u306f\u306a\u304f\u30d5\u30eb\u30de\u30e9\u30bd\u30f3\u3067\u3059\u3002\u6e96\u5099\u306b\u4eba\u624b\u3092\u53d6\u3089\u308c\u3001\u672c\u696d\u306e\u958b\u767a\u304c\u5f8c\u56de\u3057\u306b\u306a\u308b\u30b8\u30ec\u30f3\u30de\u3082\u8d77\u3053\u308a\u304c\u3061\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u7d4c\u55b6\u306e\u81ea\u7531\u5ea6\u304c\u4e0b\u304c\u308b<\/h4>\n\n\n\n

                  \u56db\u534a\u671f\u6c7a\u7b97\u3001\u9069\u6642\u958b\u793a\u3001\u682a\u4e3b\u7dcf\u4f1a\u3002\u4e0a\u5834\u5f8c\u306f\u8aac\u660e\u8cac\u4efb\u304c\u65e5\u5e38\u306b\u306a\u308a\u307e\u3059\u3002\u9577\u671f\u306e\u5927\u80c6\u306a\u6295\u8cc7\u3088\u308a\u6b21\u306e\u56db\u534a\u671f\u5229\u76ca\u3092\u512a\u5148\u3059\u308b\u5727\u529b\u304c\u5f37\u307e\u308a\u3001\u5275\u696d\u8005\u306e\u30b9\u30d4\u30fc\u30c9\u611f\u306b\u30d6\u30ec\u30fc\u30ad\u304c\u304b\u304b\u308b\u5834\u9762\u3082\u5897\u3048\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u63db\u91d1\u304c\u601d\u3046\u3088\u3046\u306b\u9032\u307e\u306a\u3044<\/h4>\n\n\n\n

                  \u4e0a\u5834\u6642\u306b\u5168\u682a\u3092\u58f2\u308a\u5207\u308b\u3053\u3068\u306f\u3067\u304d\u307e\u305b\u3093\u3002\u5927\u91cf\u58f2\u5374\u306f\u682a\u4fa1\u3092\u62bc\u3057\u4e0b\u3052\u3001\u4e3b\u5e79\u4e8b\u8a3c\u5238\u3082\u8a8d\u3081\u307e\u305b\u3093\u3002\u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\u3051\u3084\u30a4\u30f3\u30b5\u30a4\u30c0\u30fc\u898f\u5236\u306e\u30cf\u30fc\u30c9\u30eb\u3082\u9ad8\u304f\u3001\u8001\u5f8c\u8cc7\u91d1\u306e\u305f\u3081\u306e\u73fe\u91d1\u5316\u306b\u306f\u9577\u3044\u5e74\u6708\u304c\u304b\u304b\u308a\u307e\u3059\u3002\u682a\u4fa1\u304c\u4e0a\u304c\u308b\u307b\u3069\u58f2\u308a\u306b\u304f\u304f\u306a\u308b\u76ae\u8089\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u7d99\u7d9a\u8cac\u4efb\u3068\u30b9\u30c8\u30ec\u30b9\u304c\u91cd\u3044<\/h4>\n\n\n\n

                  \u4e0a\u5834\u4f01\u696d\u306e\u793e\u9577\u306f\u516c\u4eba\u306b\u8fd1\u3044\u7acb\u5834\u3068\u306a\u308a\u3001\u682a\u4fa1\u3082\u30e1\u30c7\u30a3\u30a2\u306e\u6ce8\u76ee\u3082\u6d74\u3073\u7d9a\u3051\u307e\u3059\u3002\u696d\u7e3e\u304c\u4f38\u3073\u60a9\u3081\u3070\u53b3\u3057\u3044\u58f0\u3082\u98db\u3076\u3002\u6295\u8cc7\u5bb6\u306e\u8996\u70b9\u3068\u5275\u696d\u8005\u306e\u8996\u70b9\u3092\u540c\u6642\u306b\u6e80\u305f\u3059\u8235\u53d6\u308a\u306f\u3001\u60f3\u50cf\u4ee5\u4e0a\u306b\u795e\u7d4c\u3092\u524a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  M&A\uff08\u4f1a\u793e\u58f2\u5374\uff09\u306e\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n

                  \u3082\u3046\u4e00\u65b9\u306e\u9078\u629e\u80a2\u304cM&A\u3067\u3059\u3002IPO\u304c\u516c\u958b\u5e02\u5834\u3078\u306e\u6311\u6226\u306a\u3089\u3001M&A\u306f\u4ea4\u6e09\u306b\u3088\u3063\u3066\u51fa\u53e3\u3092\u958b\u304f\u6226\u7565\u3060\u3068\u3044\u3048\u307e\u3059\u3002\u826f\u3044\u9762\u3068\u5272\u308a\u5207\u308a\u306e\u5fc5\u8981\u306a\u9762\u3092\u9806\u306b\u78ba\u8a8d\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                  M&A\u306e\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n

                  \u6700\u5927\u306e\u9b45\u529b\u306f\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u304c\u77ed\u3044\u671f\u9593\u3067\u307e\u3068\u307e\u3063\u305f\u8cc7\u91d1\u3092\u78ba\u5b9a\u3067\u304d\u308b\u3053\u3068\u306b\u3042\u308a\u307e\u3059\u3002\u4ee3\u8868\u7684\u306a\u5229\u70b9\u3092\u6319\u3052\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u77ed\u671f\u3067\u5168\u682a\u3092\u73fe\u91d1\u5316\u3067\u304d\u308b<\/h4>\n\n\n\n

                  M&A\u306f\u5951\u7d04\u6210\u7acb\u3068\u3068\u3082\u306b\u5bfe\u4fa1\u304c\u652f\u6255\u308f\u308c\u308b\u305f\u3081\u3001\u6570\u5341\u5e74\u304b\u3051\u3066\u7bc9\u3044\u305f\u4fa1\u5024\u3092\u3044\u307e\u3053\u306e\u77ac\u9593\u306b\u73fe\u91d1\u3078\u5909\u3048\u3089\u308c\u307e\u3059\u3002\u3053\u3053\u3067\u5f97\u3089\u308c\u308b\u8cc7\u91d1\u306f\u5275\u696d\u8005\u5229\u76ca<\/a>\u3068\u547c\u3070\u308c\u3001\u305d\u306e\u5f8c\u306e\u8cc7\u7523\u8a2d\u8a08\u306e\u571f\u53f0\u306b\u306a\u308a\u307e\u3059\u3002\u4f55\u304b\u3089\u52d5\u304f\u304b\u8ff7\u3046\u6bb5\u968e\u306a\u3089\u3001\u4f1a\u793e\u3092\u58f2\u308b\u6e96\u5099\u306e\u9032\u3081\u65b9<\/a>\u304b\u3089\u78ba\u8a8d\u3059\u308b\u3068\u8ff7\u3044\u304c\u6e1b\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u77ed\u671f\u9593\u3067\u5b9f\u884c\u3067\u304d\u308b<\/h4>\n\n\n\n

                  \u5e74\u5358\u4f4d\u306e\u6e96\u5099\u3092\u8981\u3059\u308bIPO\u3068\u9055\u3044\u3001\u4ea4\u6e09\u304c\u6574\u3048\u3070\u6570\u304b\u6708\u304b\u30891\u5e74\u307b\u3069\u3067\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\u306b\u81f3\u308a\u307e\u3059\u3002\u76e3\u67fb\u6cd5\u4eba\u306b\u3088\u308b\u53b3\u683c\u306a\u5be9\u67fb\u3084\u5185\u90e8\u7d71\u5236\u306e\u4f5c\u308a\u8fbc\u307f\u304c\u4e0d\u8981\u306a\u5206\u3001\u5fc3\u7406\u7684\u306a\u8ca0\u62c5\u3082\u8efd\u3044\u3002\u74b0\u5883\u304c\u6025\u5909\u3057\u3084\u3059\u3044\u6642\u4ee3\u306b\u3001\u3053\u306e\u30b9\u30d4\u30fc\u30c9\u306f\u5f37\u3044\u6b66\u5668\u306b\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u7d4c\u55b6\u8cac\u4efb\u304b\u3089\u89e3\u653e\u3055\u308c\u308b<\/h4>\n\n\n\n

                  \u65e5\u3005\u306e\u8cc7\u91d1\u7e70\u308a\u3084\u4eba\u6750\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u3001\u5c06\u6765\u6226\u7565\u306e\u7b56\u5b9a\u304b\u3089\u96e2\u308c\u3089\u308c\u307e\u3059\u3002\u80cc\u8ca0\u3063\u3066\u304d\u305f\u500b\u4eba\u4fdd\u8a3c\u3084\u91cd\u5727\u3092\u624b\u653e\u3057\u3001\u5bb6\u65cf\u3068\u306e\u6642\u9593\u3084\u65b0\u3057\u3044\u6311\u6226\u306b\u5411\u304d\u5408\u3048\u308b\u3002\u7b2c\u4e8c\u306e\u4eba\u751f\u306e\u5165\u53e3\u3068\u3057\u3066\u3001\u3053\u308c\u3092\u91cd\u304f\u307f\u308b\u30aa\u30fc\u30ca\u30fc\u306f\u591a\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u30b7\u30ca\u30b8\u30fc\u3067\u6210\u9577\u3092\u52a0\u901f\u3067\u304d\u308b<\/h4>\n\n\n\n

                  \u8b72\u53d7\u4f01\u696d\u306e\u8cc7\u91d1\u529b\u3084\u8ca9\u8def\u3001\u30d6\u30e9\u30f3\u30c9\u3001\u4eba\u6750\u3068\u81ea\u793e\u306e\u5f37\u307f\u304c\u565b\u307f\u5408\u3048\u3070\u3001\u5358\u72ec\u3067\u306f\u5c4a\u304b\u306a\u3044\u901f\u3055\u3067\u4e8b\u696d\u304c\u4f38\u3073\u307e\u3059\u3002M&A\u306f\u5358\u306a\u308b\u58f2\u5374\u3067\u306f\u306a\u304f\u5171\u5275\u306b\u306a\u308a\u5f97\u308b\u3002\u3053\u3053\u304c\u4ea4\u6e09\u306e\u52d8\u6240\u3067\u3042\u308a\u3001\u4fa1\u683c\u306b\u3082\u53cd\u6620\u3055\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                  M&A\u306e\u30c7\u30e1\u30ea\u30c3\u30c8<\/h3>\n\n\n\n

                  \u591a\u304f\u306e\u5229\u70b9\u304c\u3042\u308b\u534a\u9762\u3001\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u306e\u4fa1\u5024\u89b3\u306b\u3088\u3063\u3066\u306f\u898b\u904e\u3054\u305b\u306a\u3044\u9762\u3082\u3042\u308a\u307e\u3059\u3002\u4ee3\u8868\u7684\u306a3\u70b9\u3092\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                  \u7d4c\u55b6\u6a29\u3092\u624b\u653e\u3059<\/h4>\n\n\n\n

                  \u682a\u5f0f\u3092\u6e21\u305b\u3070\u3001\u81ea\u3089\u63cf\u3044\u305f\u7d4c\u55b6\u30d3\u30b8\u30e7\u30f3\u306e\u8235\u53d6\u308a\u6a29\u3092\u5931\u3044\u307e\u3059\u3002\u65b9\u91dd\u8ee2\u63db\u3067\u793e\u5185\u6587\u5316\u3084\u4e8b\u696d\u69cb\u6210\u304c\u5909\u308f\u308b\u3053\u3068\u3082\u3042\u308b\u3002\u80b2\u3066\u305f\u4f1a\u793e\u3092\u5bb6\u65cf\u540c\u7136\u306b\u611f\u3058\u308b\u30aa\u30fc\u30ca\u30fc\u306b\u306f\u3001\u5927\u304d\u306a\u5fc3\u7406\u7684\u8ca0\u62c5\u306b\u306a\u308a\u307e\u3059\u3002\u5c11\u6570\u682a\u4e3b\u304c\u6b8b\u308b\u5834\u5408\u306e\u6574\u7406\u306f\u3001\u30bf\u30b0\u30a2\u30ed\u30f3\u30b0\u6761\u9805<\/a>\u306e\u7406\u89e3\u304c\u6b20\u304b\u305b\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                  \u671f\u5f85\u5024\u30d7\u30ec\u30df\u30a2\u30e0\u304c\u4e57\u308a\u306b\u304f\u3044<\/h4>\n\n\n\n

                  M&A\u306e\u4fa1\u683c\u306f\u5b9f\u7e3e\u3068\u30b7\u30ca\u30b8\u30fc\u3067\u6c7a\u307e\u308b\u305f\u3081\u3001IPO\u306e\u3088\u3046\u306a\u5c06\u6765\u671f\u5f85\u306e\u4e0a\u4e57\u305b\u306f\u4e57\u308a\u306b\u304f\u3044\u50be\u5411\u304c\u3042\u308a\u307e\u3059\u3002\u9ed2\u5b57\u3067\u6210\u9577\u3057\u3066\u3044\u3066\u3082\u3001\u4e0a\u5834\u6642\u306e\u3088\u3046\u306a\u5927\u578b\u306e\u30d0\u30ea\u30e5\u30a8\u30fc\u30b7\u30e7\u30f3\u306f\u671b\u307f\u306b\u304f\u3044\u3002\u76f8\u5834\u89b3\u306f\u4f1a\u793e\u58f2\u5374\u306e\u76f8\u5834<\/a>\u3067\u78ba\u304b\u3081\u3066\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                  \u4e0a\u5834\u3068\u3044\u3046\u52f2\u7ae0\u306f\u5f97\u3089\u308c\u306a\u3044<\/h4>\n\n\n\n

                  \u4e0a\u5834\u306f\u5206\u304b\u308a\u3084\u3059\u3044\u5b9f\u7e3e\u3067\u3059\u304c\u3001M&A\u3092\u9078\u3079\u3070\u305d\u306e\u6a5f\u4f1a\u306f\u6d88\u3048\u307e\u3059\u3002\u793e\u4f1a\u7684\u8a55\u4fa1\u3084\u30e1\u30c7\u30a3\u30a2\u9732\u51fa\u3092\u539f\u52d5\u529b\u306b\u3057\u3066\u304d\u305f\u30aa\u30fc\u30ca\u30fc\u306b\u3068\u3063\u3066\u306f\u3001\u9054\u6210\u611f\u3092\u5f97\u306a\u3044\u307e\u307e\u5f15\u9000\u3068\u3044\u3046\u611f\u899a\u304c\u6b8b\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u3068M&A\u3001\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306f\u3069\u3061\u3089\u3092\u9078\u3076\u3079\u304d\u304b<\/h2>\n\n\n\n

                  \u51fa\u53e3\u306e\u9078\u629e\u306f\u3001\u5358\u7d14\u306a\u4e8c\u629e\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u4f1a\u793e\u306e\u672a\u6765\u50cf\u3092\u3069\u3046\u63cf\u304f\u304b\u3068\u3044\u3046\u7f85\u91dd\u76e4\u306e\u8a2d\u5b9a\u3067\u3059\u3002\u652f\u63f4\u73fe\u5834\u3067\u306f\u3001\u6b21\u306e\u7269\u5dee\u3057\u3092\u4e00\u3064\u305a\u3064\u5f53\u3066\u3066\u3044\u304f\u3068\u3001\u7b54\u3048\u304c\u81ea\u7136\u306b\u898b\u3048\u3066\u304f\u308b\u3053\u3068\u304c\u591a\u3044\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u5224\u65ad\u306e\u7269\u5dee\u3057\u306b\u306a\u308b\u30c1\u30a7\u30c3\u30af\u30ea\u30b9\u30c8<\/h3>\n\n\n\n

                  \u8ff7\u3063\u305f\u3068\u304d\u306b\u7acb\u3061\u8fd4\u308b\u89b3\u70b9\u3092\u3001\u5b9f\u52d9\u3067\u305d\u306e\u307e\u307e\u4f7f\u3048\u308b\u5f62\u306b\u6574\u7406\u3057\u307e\u3057\u305f\u3002\u5168\u90e8\u306bYes\u304c\u4e26\u3076\u3053\u3068\u306f\u7a00\u3067\u3001\u3069\u3053\u306b\u5f37\u304f\u50be\u304f\u304b\u3067\u65b9\u5411\u304c\u6c7a\u307e\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u554f\u3044<\/th>IPO\u5bc4\u308a\u306e\u30b5\u30a4\u30f3<\/th>M&A\u5bc4\u308a\u306e\u30b5\u30a4\u30f3<\/th><\/tr><\/thead>
                  \u5e02\u5834\u3068\u8cc7\u91d1\u30cb\u30fc\u30ba<\/strong><\/td>\u6025\u62e1\u5927\u5e02\u5834\u3067\u5de8\u984d\u6295\u8cc7\u304c\u6b66\u5668\u306b\u306a\u308b<\/td>\u30cb\u30c3\u30c1\u3067\u7279\u5b9a\u30b7\u30ca\u30b8\u30fc\u304c\u52b9\u304f<\/td><\/tr>
                  \u7d4c\u55b6\u3092\u7d9a\u3051\u308b\u610f\u601d<\/strong><\/td>10\u5e74\u5148\u3082\u6700\u524d\u7dda\u306b\u7acb\u3061\u305f\u3044<\/td>\u305d\u308d\u305d\u308d\u6b21\u306e\u6311\u6226\u3078\u79fb\u308a\u305f\u3044<\/td><\/tr>
                  \u8ca1\u52d9\u306e\u73fe\u72b6<\/strong><\/td>\u6e96\u5099\u671f\u9593\u3092\u8010\u3048\u308b\u4f53\u529b\u304c\u3042\u308b<\/td>\u8cc7\u91d1\u6ce8\u5165\u3084\u518d\u5efa\u3092\u6025\u304e\u305f\u3044<\/td><\/tr>
                  \u8cc7\u91d1\u56de\u53ce\u306e\u610f\u5411<\/strong><\/td>\u5c06\u6765\u306e\u682a\u4fa1\u4e0a\u6607\u3092\u5f85\u3066\u308b<\/td>\u5275\u696d\u8005\u5229\u76ca\u3092\u65e9\u304f\u78ba\u5b9a\u3057\u305f\u3044<\/td><\/tr>
                  \u9732\u51fa\u3078\u306e\u59ff\u52e2<\/strong><\/td>\u8a18\u8005\u4f1a\u898b\u3084\u8aac\u660e\u4f1a\u306b\u9ad8\u63da\u3092\u899a\u3048\u308b<\/td>\u9759\u304b\u306b\u7d4c\u55b6\u306b\u96c6\u4e2d\u3057\u305f\u3044<\/td><\/tr>
                  \u65e2\u5b58\u6295\u8cc7\u5bb6\u306e\u610f\u5411<\/strong><\/td>VC\u304c\u4e0a\u5834\u76ca\u3092\u671f\u5f85<\/td>\u65e9\u671f\u306eEXIT\u3092\u5fd7\u5411<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                  \u3059\u3067\u306b\u5177\u4f53\u7684\u306a\u8b72\u53d7\u63d0\u6848\u3084\u9ad8\u6c34\u6e96\u306e\u4fa1\u683c\u304c\u793a\u3055\u308c\u3066\u3044\u308b\u306a\u3089\u3001IPO\u306e\u5c06\u6765\u4fa1\u5024\u3092\u5f85\u3064\u3088\u308a\u77ed\u671f\u3067\u6210\u679c\u3092\u5f97\u3089\u308c\u308b\u5834\u5408\u304c\u3042\u308a\u307e\u3059\u3002\u8b72\u53d7\u4f01\u696d\u306e\u6210\u9577\u30b9\u30c8\u30fc\u30ea\u30fc\u304c\u81ea\u793e\u306e\u5f37\u307f\u3092\u5f15\u304d\u51fa\u305b\u308b\u304b\u3092\u3001\u51b7\u9759\u306b\u541f\u5473\u3057\u305f\u3044\u3068\u3053\u308d\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u4e2d\u5c0f\u4f01\u696d\u3067\u306fM&A\u304c\u73fe\u5b9f\u89e3\u306b\u306a\u308a\u3084\u3059\u3044<\/h3>\n\n\n\n

                  \u65e5\u672c\u306e\u4e2d\u5c0f\u4f01\u696d\u3067\u306f\u3001\u5f8c\u7d99\u8005\u4e0d\u5728\u304c\u627f\u7d99\u306e\u91cd\u3044\u8db3\u304b\u305b\u306b\u306a\u3063\u3066\u3044\u307e\u3059\u3002\u4e2d\u5c0f\u4f01\u696d\u5e81\u306e2025\u5e74\u7248\u4e2d\u5c0f\u4f01\u696d\u767d\u66f8\u306b\u3088\u308c\u3070\u30012025\u5e74\u306e\u5f8c\u7d99\u8005\u4e0d\u5728\u7387\u306f50.1\uff05<\/mark><\/a>\u3067\u3001\u306a\u304a\u534a\u6570\u8fd1\u304f\u306e\u4f1a\u793e\u306b\u5f8c\u7d99\u8005\u304c\u3044\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                  \"IPO\u3068M&A\u306e\u9078\u629e\u57fa\u6e96\u3092\u6bd4\u8f03\u3057\u305f\u56f3\u3002\u300c\u5de8\u984d\u306e\u8cc7\u91d1\u8abf\u9054\u300d\u300c\u7d4c\u55b6\u306e\u6700\u524d\u7dda\u3067\u306e\u7d99\u7d9a\u300d\u3068\u3044\u3063\u305fIPO\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u7279\u5fb4\u3068\u3001\u300c\u5275\u696d\u8005\u306e\u5229\u76ca\u65e9\u671f\u78ba\u5b9a\u300d\u300c\u8fc5\u901f\u306a\u8cc7\u91d1\u6ce8\u5165\u3068\u7d4c\u55b6\u518d\u5efa\u300d\u3068\u3044\u3063\u305fM&A\u306e\u30e1\u30ea\u30c3\u30c8\u30fb\u7279\u5fb4\u306e\u5bfe\u6bd4\u3002\"<\/figure>\n\n\n\n

                  IPO\u306f\u30cf\u30fc\u30c9\u30eb\u3082\u6642\u9593\u3082\u8cc7\u91d1\u3082\u8981\u3057\u307e\u3059\u3002\u4e8b\u696d\u30d5\u30a7\u30fc\u30ba\u3084\u7d4c\u55b6\u8ab2\u984c\u306b\u3088\u3063\u3066\u306f\u3001\u8b72\u53d7\u4f01\u696d\u3092\u30d1\u30fc\u30c8\u30ca\u30fc\u306b\u5f97\u308bM&A\u306e\u307b\u3046\u304c\u3001\u793e\u54e1\u3068\u53d6\u5f15\u5148\u3092\u5b88\u308a\u306a\u304c\u3089\u672a\u6765\u3078\u8235\u3092\u5207\u308c\u308b\u3002\u3088\u304f\u3042\u308b\u76f8\u8ac7\u3068\u3057\u3066\u3001\u4e0a\u5834\u3092\u4e00\u5ea6\u306f\u5fd7\u3057\u305f\u3082\u306e\u306e\u3001\u6e96\u5099\u8ca0\u62c5\u3068\u5f8c\u7d99\u8005\u4e8b\u60c5\u304b\u3089\u4e0a\u5834\u4f01\u696d\u3078\u306e\u4f1a\u793e\u58f2\u5374<\/a>\u306b\u5207\u308a\u66ff\u3048\u308b\u3001\u3068\u3044\u3046\u30b1\u30fc\u30b9\u306f\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

                  \u8fd1\u5e74\u306e\u52d5\u5411\uff5c\u30b9\u30a4\u30f3\u30b0\u30d0\u30a4IPO\u3068\u3044\u3046\u7b2c\u4e09\u306e\u51fa\u53e3<\/h2>\n\n\n\n

                  \u8a2d\u7acb\u9593\u3082\u306a\u3044\u4f1a\u793e\u3092\u300c\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u300d\u3001\u305d\u3053\u304b\u3089\u6025\u62e1\u5927\u306e\u6bb5\u968e\u306b\u5165\u3063\u305f\u4f1a\u793e\u3092\u300c\u30b9\u30b1\u30fc\u30eb\u30a2\u30c3\u30d7\u300d\u3068\u547c\u3073\u307e\u3059\u3002\u6210\u9577\u6027\u306e\u9ad8\u3044\u4f1a\u793e\u307b\u3069\u3001\u5358\u72ec\u4e0a\u5834\u304b\u5098\u4e0b\u5165\u308a\u304b\u306e\u4e8c\u629e\u306b\u53ce\u307e\u3089\u306a\u3044\u52d5\u304d\u304c\u5897\u3048\u3066\u304d\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                  \u8cc7\u91d1\u8abf\u9054\u5148\u306e\u591a\u69d8\u5316\u3068PE\u30d5\u30a1\u30f3\u30c9\u306e\u53f0\u982d<\/h3>\n\n\n\n

                  \u3044\u307e\u3084\u3001\u6d77\u5916\u6295\u8cc7\u5bb6\u3084CVC\u3001\u30d5\u30a1\u30f3\u30c9\u304b\u3089\u8cc7\u91d1\u3092\u96c6\u3081\u308b\u9053\u304c\u5e83\u304c\u3063\u3066\u3044\u307e\u3059\u3002\u65e9\u671f\u306e\u4e0a\u5834\u3092\u6025\u304c\u305a\u3001\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u3068\u7d44\u3093\u3067\u529b\u3092\u84c4\u3048\u308b\u4f1a\u793e\u3082\u76ee\u7acb\u3061\u307e\u3059\u3002\u4ed5\u7d44\u307f\u306fPE\u30d5\u30a1\u30f3\u30c9\u306e\u6295\u8cc7\u624b\u6cd5<\/a>\u3067\u8a73\u3057\u304f\u89e6\u308c\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u30b9\u30a4\u30f3\u30b0\u30d0\u30a4IPO\u3068\u306f<\/h3>\n\n\n\n

                  \u5927\u624b\u4f01\u696d\u306b\u3088\u308bM&A\u3092\u3044\u3063\u305f\u3093\u53d7\u3051\u5165\u308c\u3001\u305d\u306e\u3046\u3048\u3067\u5c06\u6765\u306eIPO\u3092\u76ee\u6307\u3059\u3002\u3053\u306e\u624b\u6cd5\u304c\u300c\u30b9\u30a4\u30f3\u30b0\u30d0\u30a4IPO\u300d\u3067\u3059\u3002\u5358\u7d14\u306aIPO\u3068\u3082M&A\u3068\u3082\u7570\u306a\u308b\u7b2c\u4e09\u306e\u51fa\u53e3\u3068\u3057\u3066\u6ce8\u76ee\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u6642\u9593\u3092\u304b\u3051\u3066\u6210\u9577\u3067\u304d\u3001\u5927\u624b\u3068\u306e\u5354\u696d\u6a5f\u4f1a\u3082\u5f97\u3089\u308c\u308b\u70b9\u304c\u6301\u3061\u5473\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u540d\u524d\u306e\u7531\u6765<\/h4>\n\n\n\n

                  \u30b9\u30a4\u30f3\u30b0\u30d0\u30a4\u306f\u3001\u60d1\u661f\u306e\u5f15\u529b\u3092\u501f\u308a\u3066\u63a2\u67fb\u6a5f\u3092\u52a0\u901f\u3055\u305b\u308b\u5b87\u5b99\u7528\u8a9e\u3067\u3059\u3002\u5927\u624b\u306e\u529b\u3092\u501f\u308a\u3066\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u304c\u4f38\u3073\u308b\u59ff\u3092\u91cd\u306d\u305f\u547c\u3073\u540d\u3067\u3001\u65e5\u672c\u767a\u7965\u306e\u30e2\u30c7\u30eb\u30b1\u30fc\u30b9\u3082\u751f\u307e\u308c\u3066\u3044\u307e\u3059\u3002KDDI\u306e\u652f\u63f4\u3092\u53d7\u3051\u3066\u6210\u9577\u3057\u3001\u5f8c\u306b\u4e0a\u5834\u3057\u305f\u901a\u4fe1\u7cfb\u30b9\u30bf\u30fc\u30c8\u30a2\u30c3\u30d7\u304c\u3001\u305d\u306e\u4ee3\u8868\u4f8b\u3068\u3057\u3066\u77e5\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u7b2c\u4e09\u306e\u51fa\u53e3\u6226\u7565\u3068\u3057\u3066\u306e\u4f4d\u7f6e\u3065\u3051<\/h4>\n\n\n\n

                  \u5f93\u6765\u3001\u51fa\u8cc7\u8005\u306e\u5229\u76ca\u3092\u78ba\u5b9a\u3059\u308b\u51fa\u53e3\u306f\u3001\u5358\u72ecIPO\u304b\u5098\u4e0b\u5165\u308a\u306eM&A\u306e\u4e8c\u629e\u304c\u4e00\u822c\u7684\u3067\u3057\u305f\u3002\u65e5\u672c\u3067\u306f\u72ec\u7acb\u6027\u3092\u91cd\u3093\u3058\u3066IPO\u3092\u9078\u3076\u4f1a\u793e\u304c\u591a\u3044\u4e00\u65b9\u3001\u4fa1\u5024\u304c\u5c0f\u3055\u3044\u307e\u307e\u4e0a\u5834\u3057\u3066\u4f38\u3073\u60a9\u3080\u300c\u5c0f\u7c92\u4e0a\u5834\u300d\u3082\u8ab2\u984c\u3067\u3057\u305f\u3002\u5098\u4e0b\u3067\u72ec\u7acb\u6027\u3092\u4fdd\u3061\u306a\u304c\u3089\u5927\u578b\u4e0a\u5834\u3092\u76ee\u6307\u305b\u308b\u70b9\u306b\u3001\u3053\u306e\u624b\u6cd5\u306e\u5999\u5473\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96\u304c\u53b3\u683c\u5316<\/h3>\n\n\n\n

                  \u6210\u9577\u5e02\u5834\u306e\u30eb\u30fc\u30eb\u3082\u5909\u308f\u308a\u307e\u3057\u305f\u3002\u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306f\u3001\u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u7dad\u6301\u57fa\u6e96<\/mark><\/a>\u30922030\u5e743\u67081\u65e5\u304b\u3089\u898b\u76f4\u3057\u307e\u3059\u3002\u73fe\u884c\u306e\u300c\u4e0a\u583410\u5e74\u7d4c\u904e\u5f8c\u306b\u6642\u4fa1\u7dcf\u984d40\u5104\u5186\u4ee5\u4e0a\u300d\u304b\u3089\u3001\u300c\u4e0a\u58345\u5e74\u7d4c\u904e\u5f8c\u306b\u6642\u4fa1\u7dcf\u984d100\u5104\u5186\u4ee5\u4e0a\u300d\u3078\u3068\u5927\u304d\u304f\u5f15\u304d\u4e0a\u3052\u3089\u308c\u308b\u5185\u5bb9\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u9054\u6210\u671f\u9650\u304c\u534a\u5206\u306b\u306a\u308a\u3001\u6c34\u6e96\u306f2.5\u500d\u3002\u57fa\u6e96\u306b\u5c4a\u304b\u306a\u3044\u4f1a\u793e\u306f\u3001\u4ed6\u793e\u306e\u5098\u4e0b\u5165\u308a\u3084\u975e\u516c\u958b\u5316\u3092\u542b\u3081\u3066\u51fa\u53e3\u3092\u8003\u3048\u76f4\u3059\u5fc5\u8981\u306b\u8feb\u3089\u308c\u307e\u3059\u3002\u4e0a\u5834\u3092\u4e00\u3064\u306e\u901a\u904e\u70b9\u3068\u6349\u3048\u3001M&A\u3067\u8db3\u5834\u3092\u56fa\u3081\u3066\u304b\u3089\u6210\u9577\u3092\u72d9\u3046\u5224\u65ad\u304c\u3001\u6210\u9577\u4f01\u696d\u306e\u9593\u3067\u3082\u73fe\u5b9f\u5473\u3092\u5897\u3057\u3066\u3044\u307e\u3059\u3002\u30a4\u30b0\u30b8\u30c3\u30c8\u6226\u7565<\/a>\u306e\u5168\u4f53\u50cf\u3068\u3042\u308f\u305b\u3066\u773a\u3081\u3066\u304a\u304f\u3068\u3001\u9078\u629e\u80a2\u306e\u5e83\u304c\u308a\u304c\u3064\u304b\u3081\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u304cM&A\u4ef2\u4ecb\u3057\u305f\u4e8b\u4f8b<\/strong><\/h2>\n\n\n\n

                  \u5f53\u793e\u304c\u652f\u63f4\u3057\u305f\u6210\u7d04\u4e8b\u4f8b\u306e\u3046\u3061\u3001IPO\u3068\u6bd4\u3079\u305f\u3046\u3048\u3067M&A\u3092\u9078\u3093\u3060\u30b1\u30fc\u30b9\u30922\u4ef6\u7d39\u4ecb\u3057\u307e\u3059\u3002\u3044\u305a\u308c\u3082\u8b72\u6e21\u30aa\u30fc\u30ca\u30fc\u672c\u4eba\u306e\u8a00\u8449\u3092\u3001\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc\u3067\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                  4\u5e74\u306e\u719f\u616e\u3092\u7d4c\u3066\u65b0\u4e8b\u696d\u3078\u306e\u9053\u7b4b\u3092\u7bc9\u3044\u305f\u627f\u7d99<\/h3>\n\n\n\n

                  \u8b72\u6e21\u4f01\u696d\u306fIT\u6280\u8853\u691c\u8a3c\uff08\u58f2\u4e0a\u7d0415\u5104\u5186\uff09\u3001\u8b72\u53d7\u4f01\u696d\u306f\u30b7\u30b9\u30c6\u30e0\u958b\u767a\uff08\u58f2\u4e0a\u7d04250\u5104\u5186\uff09\u3001\u30b9\u30ad\u30fc\u30e0\u306f\u682a\u5f0f\u8b72\u6e21\u3067\u3057\u305f\u300261\u6b73\u306e\u7d4c\u55b6\u8005\u304c\u3001\u5f8c\u7d99\u8005\u4e0d\u5728\u3068\u65b0\u898f\u4e8b\u696d\u3078\u306e\u610f\u6b32\u306e\u306f\u3056\u307e\u3067\u719f\u616e\u3092\u91cd\u306d\u3001IPO\u3082\u8996\u91ce\u306b\u5165\u308c\u3064\u3064\u3001AI\u30fbIoT\u5206\u91ce\u306e\u7acb\u3061\u4e0a\u3052\u3092\u512a\u5148\u3057\u3066\u5927\u624bIT\u3078\u306e\u8b72\u6e21\u3092\u9078\u3073\u307e\u3057\u305f\u3002\u8a73\u7d30\u306f\u30aa\u30fc\u30ca\u30fc\u306e\u4f53\u9a13\u8ac7<\/a>\u3067\u8aad\u3081\u307e\u3059\u3002<\/p>\n\n\n\n

                  23\u6b73\u8d77\u696d\u306e\u82e5\u624b\u304c\u30ad\u30fc\u30de\u30f3\u5371\u6a5f\u3092\u8d8a\u3048\u3066\u6210\u9577\u3078<\/h3>\n\n\n\n

                  \u8b72\u6e21\u4f01\u696d\u306f\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u958b\u767a\uff08\u58f2\u4e0a\u7d042\u5104\u5186\uff09\u3001\u8b72\u53d7\u4f01\u696d\u306f\u4fdd\u8a3c\u30b5\u30fc\u30d3\u30b9\uff08\u58f2\u4e0a\u7d0490\u5104\u5186\uff09\u3001\u30b9\u30ad\u30fc\u30e0\u306f\u682a\u5f0f\u8b72\u6e21\u3067\u3059\u300223\u6b73\u3067\u8d77\u696d\u305710\u5e74\u306720\u540d\u898f\u6a21\u306b\u80b2\u3066\u305f\u4f1a\u793e\u304c\u3001\u30ad\u30fc\u30de\u30f3\u9000\u8077\u306e\u5371\u6a5f\u3068\u52b4\u52d9\u8ab2\u984c\u3092\u4e57\u308a\u8d8a\u3048\u3001\u6771\u4eac\u9032\u51fa\u3092\u898b\u636e\u3048\u3066\u5927\u624bIT\u307880\uff05\u306e\u682a\u5f0f\u3092\u8b72\u308a\u307e\u3057\u305f\u3002\u5224\u65ad\u306e\u80cc\u666f\u306f\u82e5\u624b\u7d4c\u55b6\u8005\u306e\u30a4\u30f3\u30bf\u30d3\u30e5\u30fc<\/a>\u306b\u307e\u3068\u3081\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                  \n
                  \n

                  4\u5e74\u9593\u306e\u719f\u616e\u3092\u7d4c\u3066\u65b0\u4e8b\u696d\u3078\u306e\u9053\u7b4b\u3092\u69cb\u7bc9\u3057\u627f\u7d99<\/h3>\n\n\n\n
                  \n
                  \"M&A\u306b\u3088\u308b\u4e8b\u696d\u627f\u7d99\u306e\u6210\u529f\u4e8b\u4f8b\u306b\u5411\u3051\u3066\u30df\u30fc\u30c6\u30a3\u30f3\u30b0\u3092\u884c\u3046\u7d4c\u55b6\u8005\u3068\u30b3\u30f3\u30b5\u30eb\u30bf\u30f3\u30c8\u306e\u69d8\u5b50\"<\/figure>\n\n\n\n

                  \u8b72\u6e21\u4f01\u696d\uff1aIT\u6280\u8853\u691c\u8a3c\uff08\u58f2\u4e0a\u7d0415\u5104\u5186\uff09
                  \u8b72\u53d7\u4f01\u696d\uff1a\u30b7\u30b9\u30c6\u30e0\u958b\u767a\uff08\u58f2\u4e0a\u7d04250\u5104\u5186\uff09
                  \u30b9\u30ad\u30fc\u30e0\uff1a\u682a\u5f0f\u8b72\u6e21

                  61\u6b73\u7d4c\u55b6\u8005\u304c\u5f8c\u7d99\u8005\u4e0d\u5728\u3068\u65b0\u898f\u4e8b\u696d\u3078\u306e\u6311\u6226\u610f\u6b32\u304b\u3089\u719f\u616e\u3002IPO\u3082\u691c\u8a0e\u3057\u305f\u304cAI\u30fbIoT\u5206\u91ce\u3067\u306e\u65b0\u4e8b\u696d\u7acb\u3061\u4e0a\u3052\u306e\u305f\u3081\u73fe\u5b9f\u7684\u5224\u65ad\u3067\u5927\u624bIT\u4f01\u696d\u306b\u8b72\u6e21\u3002<\/p>\n\n\n\n

                  \n
                  \u30aa\u30fc\u30ca\u30fc\u69d8\u306e\u4f53\u9a13\u8ac7\u3092\u8aad\u3080<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n
                  \n

                  23\u6b73\u8d77\u696d\u306e\u82e5\u624b\u304c\u30ad\u30fc\u30de\u30f3\u5371\u6a5f\u514b\u670d\u3057\u6210\u9577\u3078<\/h3>\n\n\n\n
                  \n
                  \"23\u6b73\u3067\u8d77\u696d\u3057\u305f\u82e5\u624b\u7d4c\u55b6\u8005\u306e\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u958b\u767a\u4f01\u696d\u304c\u3001\u5927\u624bIT\u4f01\u696d\u3078\u306e\u682a\u5f0f\u8b72\u6e21\uff08M&A\uff09\u3092\u9054\u6210\u3057\u305f\u6210\u7d04\u4e8b\u4f8b\u306e\u30a4\u30e1\u30fc\u30b8\u753b\u50cf\"<\/figure>\n\n\n\n

                  \u8b72\u6e21\u4f01\u696d\uff1a\u30bd\u30d5\u30c8\u30a6\u30a7\u30a2\u958b\u767a\uff08\u58f2\u4e0a\u7d042\u5104\u5186\uff09
                  \u8b72\u53d7\u4f01\u696d\uff1a\u4fdd\u8a3c\u30b5\u30fc\u30d3\u30b9\uff08\u58f2\u4e0a\u7d0490\u5104\u5186\uff09
                  \u30b9\u30ad\u30fc\u30e0\uff1a\u682a\u5f0f\u8b72\u6e21

                  23\u6b73\u8d77\u696d\u306eSW\u958b\u767a\u4f01\u696d\u304c10\u5e74\u306720\u540d\u898f\u6a21\u306b\u6210\u9577\u3002AI\u30fbIoT\u5bfe\u5fdc\u3068\u6771\u4eac\u9032\u51fa\u3092\u80cc\u666f\u306b\u3001\u30ad\u30fc\u30de\u30f3\u9000\u8077\u5371\u6a5f\u3068\u52b4\u52d9\u8ab2\u984c\u3092\u514b\u670d\u3057\u3001\u5927\u624bIT\u4f01\u696d\u3078\u306e80\uff05\u682a\u5f0f\u8b72\u6e21\u3092\u5b9f\u73fe\u3002<\/p>\n\n\n\n

                  \n
                  \u30aa\u30fc\u30ca\u30fc\u69d8\u306e\u4f53\u9a13\u8ac7\u3092\u8aad\u3080<\/strong><\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n\n

                  \u4e0a\u8a18\u306f\u5f53\u793e\u306eM&A\u4ef2\u4ecb\u5b9f\u7e3e\u306e\u307b\u3093\u306e\u4e00\u90e8\u3067\u3059\u3002\u69d8\u3005\u306a\u696d\u754c\u30fb\u898f\u6a21\u306e\u6210\u7d04\u4e8b\u4f8b\u3092\u4e0b\u8a18\u306e\u30da\u30fc\u30b8\u3067\u3054\u7d39\u4ecb\u3057\u3066\u304a\u308a\u307e\u3059\u306e\u3067\u3001\u305c\u3072\u3054\u89a7\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

                  \u3055\u307e\u3056\u307e\u306a\u696d\u7a2e\u30fb\u898f\u6a21\u306e\u4e8b\u4f8b\u3092\u3001M&A\u6210\u7d04\u5b9f\u7e3e\u306e\u4e00\u89a7<\/a>\u3067\u516c\u958b\u3057\u3066\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u53c2\u8003\uff5cIPO\u5b9f\u73fe\u307e\u3067\u306e\u30d7\u30ed\u30bb\u30b9<\/h2>\n\n\n\n

                  \u4e2d\u5c0f\u4f01\u696d\u304cIPO\u306b\u305f\u3069\u308a\u7740\u304f\u306b\u306f\u3001\u6e96\u5099\u671f\u9593\u3092\u542b\u3081\u3066\u6700\u4f4e\u3067\u30823\u5e74\u307b\u3069\u304b\u304b\u308a\u307e\u3059\u3002\u5168\u4f53\u50cf\u3092\u77e5\u3063\u3066\u304a\u304f\u3068\u3001M&A\u3068\u306e\u8ca0\u62c5\u5dee\u304c\u5b9f\u611f\u3057\u3084\u3059\u304f\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

                  IPO\u307e\u3067\u306e\u6d41\u308c<\/h3>\n\n\n\n

                  \u4e0b\u8868\u306e\u3088\u3046\u306b\u3001\u6d41\u308c\u306f\u300c3\u671f\u4ee5\u4e0a\u524d\u300d\u300c2\u671f\u524d\u300d\u300c1\u671f\u524d\u300d\u300c\u7533\u8acb\u5e74\u5ea6\u300d\u306e4\u6bb5\u968e\u306b\u5206\u304b\u308c\u307e\u3059\u3002\u5404\u6bb5\u968e\u306e\u4e3b\u773c\u3092\u62bc\u3055\u3048\u3066\u304a\u304d\u307e\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

                  \u6bb5\u968e<\/th>\u4e3b\u8981\u306a\u53d6\u308a\u7d44\u307f<\/th>\u6ce8\u610f\u70b9<\/th><\/tr><\/thead>
                  3\u671f\u4ee5\u4e0a\u524d<\/strong><\/td>\u4e0a\u5834\u6642\u671f\u3068\u5e02\u5834\u306e\u9078\u5b9a\u3001IPO\u5c02\u9580\u30c1\u30fc\u30e0\u306e\u8a2d\u7f6e\u3001\u76e3\u67fb\u6cd5\u4eba\u306e\u30b7\u30e7\u30fc\u30c8\u30ec\u30d3\u30e5\u30fc\u3001\u95a2\u4fc2\u6a5f\u95a2\u3068\u306e\u9023\u643a<\/td>\u57fa\u76e4\u3065\u304f\u308a\u306e\u6bb5\u968e\u3002\u8ab2\u984c\u306e\u6d17\u3044\u51fa\u3057\u3092\u3053\u306e\u6642\u671f\u306b\u6e08\u307e\u305b\u308b<\/td><\/tr>
                  2\u671f\u524d<\/strong><\/td>\u76e3\u67fb\u4f53\u5236\u306e\u672c\u683c\u6574\u5099\u3001\u9069\u6b63\u610f\u898b\u306e\u53d6\u5f97\u3001\u4e3b\u5e79\u4e8b\u8a3c\u5238\u306e\u9078\u5b9a<\/td>\u4f1a\u8a08\u76e3\u67fb\u304c\u59cb\u307e\u308a\u3001\u4f1a\u8a08\u65b9\u91dd\u3084\u793e\u5185\u898f\u7a0b\u306e\u6574\u5099\u3092\u4e26\u884c\u3059\u308b<\/td><\/tr>
                  1\u671f\u524d<\/strong><\/td>\u904b\u7528\u4f53\u5236\u306e\u5b8c\u6210\u3001\u7533\u8acb\u66f8\u985e\u3068\u6295\u8cc7\u5bb6\u5411\u3051\u8cc7\u6599\u306e\u4f5c\u6210\u3001\u9069\u6b63\u610f\u898b\u306e\u518d\u53d6\u5f97<\/td>\u7533\u8acb\u76f4\u524d\u671f\u3002\u5185\u90e8\u7ba1\u7406\u4f53\u5236\u306e\u6700\u7d42\u8abf\u6574\u304c\u4e2d\u5fc3<\/td><\/tr>
                  \u7533\u8acb\u5e74\u5ea6<\/strong><\/td>\u66f8\u985e\u306e\u6700\u7d42\u5b8c\u6210\u3001\u53d6\u5f15\u6240\u3078\u306e\u4e0a\u5834\u7533\u8acb\u3001\u5be9\u67fb\u5bfe\u5fdc\u3001\u73fe\u5730\u8abf\u67fb\u3078\u306e\u5bfe\u5fdc<\/td>\u5be9\u67fb\u671f\u9593\u306f\u7d042\u301c3\u304b\u6708<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                  \u53d6\u5f15\u6240\u304b\u3089\u4e0a\u5834\u627f\u8a8d\u3092\u5f97\u3089\u308c\u308c\u3070\u3001\u305d\u3053\u3067IPO\u304c\u5b9f\u73fe\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                  \u6771\u4eac\u8a3c\u5238\u53d6\u5f15\u6240\u306e\u5e02\u5834\u533a\u5206<\/h3>\n\n\n\n

                  \u6771\u8a3c\u306f2022\u5e744\u6708\u306b\u5e02\u5834\u533a\u5206\u3092\u898b\u76f4\u3057\u3001\u4e0b\u8868\u306e3\u533a\u5206\u3078\u518d\u7de8\u3057\u307e\u3057\u305f\u3002\u4e2d\u5c0f\u4f01\u696d\u304c\u73fe\u5b9f\u7684\u306b\u72d9\u3048\u308b\u306e\u306f\u3001\u591a\u304f\u306e\u5834\u5408\u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u3067\u3059\u3002<\/p>\n\n\n\n

                  \u9805\u76ee<\/th>\u30d7\u30e9\u30a4\u30e0\u5e02\u5834<\/th>\u30b9\u30bf\u30f3\u30c0\u30fc\u30c9\u5e02\u5834<\/th>\u30b0\u30ed\u30fc\u30b9\u5e02\u5834<\/th><\/tr><\/thead>
                  \u4f4d\u7f6e\u3065\u3051<\/strong><\/td>\u4e16\u754c\u306e\u6295\u8cc7\u5bb6\u3068\u306e\u5bfe\u8a71\u3092\u91cd\u8996\u3059\u308b\u4f01\u696d\u5411\u3051<\/td>\u5341\u5206\u306a\u6d41\u52d5\u6027\u3068\u30ac\u30d0\u30ca\u30f3\u30b9\u3092\u5099\u3048\u305f\u4f01\u696d\u5411\u3051<\/td>\u9ad8\u3044\u6210\u9577\u53ef\u80fd\u6027\u3092\u6301\u3064\u4f01\u696d\u5411\u3051<\/td><\/tr>
                  \u5f93\u6765\u5e02\u5834\u3068\u306e\u5bfe\u5fdc<\/strong><\/td>\u65e7\u30fb\u6771\u8a3c\u4e00\u90e8\u306b\u76f8\u5f53<\/td>\u65e7\u30fb\u6771\u8a3c\u4e8c\u90e8\u3068JASDAQ\u3092\u7d71\u5408<\/td>\u65e7\u30fb\u30de\u30b6\u30fc\u30ba\u306b\u76f8\u5f53<\/td><\/tr>
                  \u5be9\u67fb\u306e\u53b3\u3057\u3055<\/strong><\/td>3\u533a\u5206\u3067\u6700\u3082\u53b3\u683c<\/td>\u30d7\u30e9\u30a4\u30e0\u306b\u6b21\u3050\u6c34\u6e96<\/td>3\u533a\u5206\u3067\u6700\u3082\u7de9\u3084\u304b<\/td><\/tr>
                  \u4e2d\u5c0f\u4f01\u696d\u306e\u73fe\u5b9f\u6027<\/strong><\/td>\u975e\u5e38\u306b\u9ad8\u3044<\/td>\u5168\u6761\u4ef6\u306e\u5145\u8db3\u306f\u5bb9\u6613\u3067\u306a\u3044<\/td>\u76ee\u6307\u3059\u306a\u3089\u6700\u3082\u73fe\u5b9f\u7684<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                  \u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u4e0a\u5834\u57fa\u6e96<\/h3>\n\n\n\n

                  \u30b0\u30ed\u30fc\u30b9\u5e02\u5834\u306e\u65b0\u898f\u4e0a\u5834\u306b\u306f\u3001\u6570\u5024\u3067\u5b9a\u3081\u305f\u5f62\u5f0f\u8981\u4ef6\u3068\u3001\u7dcf\u5408\u5224\u65ad\u306e\u5b9f\u8cea\u5be9\u67fb\u57fa\u6e96\u306e\u4e21\u65b9\u3092\u6e80\u305f\u3059\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002\u4e0b\u8868\u306b\u4e3b\u306a\u5185\u5bb9\u3092\u6574\u7406\u3057\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

                  \u5f62\u5f0f\u8981\u4ef6<\/th>\u5b9f\u8cea\u5be9\u67fb\u57fa\u6e96<\/th><\/tr><\/thead>
                  \u6570\u5024\u3067\u5b9a\u3081\u3089\u308c\u305f\u5b9a\u91cf\u57fa\u6e96<\/td>\u4e0a\u5834\u4f01\u696d\u3068\u3057\u3066\u306e\u9069\u683c\u6027\u3092\u7dcf\u5408\u5224\u65ad<\/td><\/tr>
                  \u682a\u4e3b\u6570150\u4eba\u4ee5\u4e0a\uff0f\u6d41\u901a\u682a\u5f0f1,000\u5358\u4f4d\u4ee5\u4e0a\uff0f\u6d41\u901a\u682a\u5f0f\u6642\u4fa1\u7dcf\u984d5\u5104\u5186\u4ee5\u4e0a\uff0f\u6d41\u901a\u682a\u5f0f\u6bd4\u738725\uff05\u4ee5\u4e0a\uff0f\u4e8b\u696d\u7d99\u7d9a1\u5e74\u4ee5\u4e0a<\/td>\u958b\u793a\u306e\u9069\u5207\u6027\u3001\u7d4c\u55b6\u306e\u5065\u5168\u6027\u3001\u30ac\u30d0\u30ca\u30f3\u30b9\u3068\u5185\u90e8\u7ba1\u7406\u306e\u6709\u52b9\u6027\u3001\u4e8b\u696d\u8a08\u753b\u306e\u5408\u7406\u6027\u3001\u6295\u8cc7\u5bb6\u4fdd\u8b77\u306e\u89b3\u70b9<\/td><\/tr>
                  \u4ed6\u533a\u5206\u3088\u308a\u7de9\u548c\u3055\u308c\u305f\u6c34\u6e96<\/td>\u9ad8\u3044\u6210\u9577\u53ef\u80fd\u6027\u306b\u3064\u3044\u3066\u4e3b\u5e79\u4e8b\u8a3c\u5238\u306e\u898b\u89e3\u304c\u6c42\u3081\u3089\u308c\u308b<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

                  \u5165\u53e3\u306e\u65b0\u898f\u4e0a\u5834\u57fa\u6e96\u306f\u3053\u306e\u3068\u304a\u308a\u3067\u3059\u304c\u3001\u524d\u8ff0\u306e\u3088\u3046\u306b2030\u5e743\u6708\u304b\u3089\u306f\u4e0a\u5834\u5f8c\u306e\u7dad\u6301\u57fa\u6e96\u304c\u53b3\u3057\u304f\u306a\u308a\u307e\u3059\u3002\u4e0a\u5834\u306f\u30b4\u30fc\u30eb\u3067\u306f\u306a\u304f\u3001\u305d\u306e\u5f8c\u306e\u6210\u9577\u3092\u554f\u308f\u308c\u7d9a\u3051\u308b\u5165\u53e3\u3060\u3068\u6349\u3048\u3066\u304a\u304f\u3053\u3068\u304c\u5927\u5207\u3067\u3059\u3002<\/p>\n\n\n\n

                  IPO\u3068M&A\u306e\u6bd4\u8f03\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n

                  \u4f1a\u793e\u306e\u5c06\u6765\u3092\u8003\u3048\u308b\u3068\u304d\u3001\u58f2\u308a\u624b\u3067\u3042\u308b\u30aa\u30fc\u30ca\u30fc\u304b\u3089\u3088\u304f\u5bc4\u305b\u3089\u308c\u308b\u7591\u554f\u306b\u3001\u5b9f\u52d9\u306e\u76ee\u7dda\u3067\u304a\u7b54\u3048\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

                  Q\uff1aIPO\u3068M&A\u3001\u7d50\u5c40\u3069\u3061\u3089\u304c\u5f97\u3067\u3059\u304b\uff1f<\/span><\/strong>

                  \u4e00\u6982\u306b\u306f\u6c7a\u3081\u3089\u308c\u307e\u305b\u3093\u3002\u72ec\u7acb\u6027\u3092\u4fdd\u3063\u3066\u5927\u304d\u304f\u4f38\u3070\u3057\u305f\u3044\u306a\u3089IPO\u3001\u78ba\u5b9f\u306a\u73fe\u91d1\u5316\u3068\u5f15\u9000\u3092\u512a\u5148\u3059\u308b\u306a\u3089M&A\u3067\u3059\u3002\u73fe\u5834\u3067\u306f\u3001\u6e96\u5099\u8ca0\u62c5\u3068\u5f8c\u7d99\u8005\u4e8b\u60c5\u304b\u3089\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u58f2\u308a\u624b\u304cM&A\u306b\u843d\u3061\u7740\u304f\u30b1\u30fc\u30b9\u304c\u591a\u3044\u3068\u611f\u3058\u307e\u3059\u3002\u3054\u81ea\u8eab\u306e\u76ee\u7684\u3092\u306f\u3063\u304d\u308a\u3055\u305b\u308b\u306e\u304c\u5148\u6c7a\u3067\u3059\u3002<\/p> <\/div>

                  Q\uff1aM&A\u3067\u58f2\u3063\u305f\u5f8c\u3082\u7d4c\u55b6\u3092\u7d9a\u3051\u3089\u308c\u307e\u3059\u304b\uff1f<\/span><\/strong>

                  \u591a\u304f\u306e\u5834\u5408\u3001\u6570\u5e74\u306e\u5f15\u7d99\u304e\u671f\u9593\u3068\u3057\u3066\u6b8b\u7559\u3092\u6c42\u3081\u3089\u308c\u307e\u3059\u3002\u671f\u9593\u3084\u5f79\u5272\u306f\u5951\u7d04\u6761\u4ef6\u6b21\u7b2c\u3067\u3001\u5b8c\u5168\u306b\u9000\u304f\u304b\u4e00\u5b9a\u671f\u9593\u95a2\u4e0e\u3059\u308b\u304b\u306f\u4ea4\u6e09\u3067\u6c7a\u307e\u308a\u307e\u3059\u3002\u8cb7\u3044\u624b\u5074\u306f\u4e8b\u696d\u306e\u5b89\u5b9a\u3092\u91cd\u8996\u3059\u308b\u305f\u3081\u3001\u30ad\u30fc\u30d1\u30fc\u30bd\u30f3\u306e\u6b8b\u7559\u3092\u6761\u4ef6\u306b\u6319\u3052\u308b\u3053\u3068\u304c\u5c11\u306a\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p> <\/div>

                  Q\uff1aIPO\u3092\u76ee\u6307\u3057\u306a\u304c\u3089M&A\u3082\u4e26\u884c\u3067\u691c\u8a0e\u3067\u304d\u307e\u3059\u304b\uff1f<\/span><\/strong>

                  \u53ef\u80fd\u3067\u3059\u3002\u4e21\u306b\u3089\u307f\u3067\u9032\u3081\u3001\u6761\u4ef6\u306e\u826f\u3044\u65b9\u3078\u5bc4\u305b\u308b\u58f2\u308a\u624b\u306f\u5b9f\u969b\u306b\u591a\u3044\u3067\u3059\u3002\u305f\u3060\u3057\u60c5\u5831\u7ba1\u7406\u306b\u306f\u6ce8\u610f\u304c\u8981\u308a\u307e\u3059\u3002\u4e26\u884c\u3057\u3066\u9032\u3081\u305f\u672b\u306b\u3001\u6700\u7d42\u7684\u306bM&A\u3092\u9078\u3076\u7d4c\u55b6\u8005\u304c\u591a\u3044\u50be\u5411\u3082\u898b\u3089\u308c\u307e\u3059\u3002<\/p> <\/div>

                  Q\uff1a\u8cb7\u3044\u624b\uff08\u8b72\u53d7\u4f01\u696d\uff09\u306f\u3069\u3046\u63a2\u305b\u3070\u3088\u3044\u3067\u3059\u304b\uff1f<\/span><\/strong>

                  \u4ef2\u4ecb\u4f1a\u793e\u3092\u901a\u3058\u3066\u63a2\u3059\u306e\u304c\u4e2d\u5fc3\u3067\u3059\u3002\u540c\u696d\u304b\u7570\u696d\u7a2e\u304b\u3001\u3042\u308b\u3044\u306f\u30d5\u30a1\u30f3\u30c9\u304b\u3067\u3001\u72d9\u3046\u30b7\u30ca\u30b8\u30fc\u3082\u4fa1\u683c\u3082\u5909\u308f\u308a\u307e\u3059\u3002\u76f8\u624b\u306e\u578b\u3054\u3068\u306e\u9055\u3044\u306f\u8cb7\u3044\u624b\u306e\u63a2\u3057\u65b9<\/a>\u3067\u78ba\u8a8d\u3057\u3066\u304f\u3060\u3055\u3044\u3002<\/p> <\/div> <\/div>\n\n\n\n

                  \n
                  \n
                  \"\"<\/a><\/figure>\n<\/div>\n\n\n\n
                  \n
                  \"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n

                  \u307e\u3068\u3081\uff5cIPO\u3068M&A\u306e\u9055\u3044\u3068\u4f1a\u793e\u58f2\u5374\u306e\u5224\u65ad<\/h2>\n\n\n\n

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