{"id":8322,"date":"2020-12-29T08:34:28","date_gmt":"2020-12-28T23:34:28","guid":{"rendered":"http:\/\/hbt.48d.mywebsitetransfer.com\/?p=8322"},"modified":"2024-01-04T15:06:43","modified_gmt":"2024-01-04T23:06:43","slug":"blog_economy_entreprise-us-20201228","status":"publish","type":"post","link":"https:\/\/www.japancorporate.com\/dev\/blog_economy_entreprise-us-20201228\/","title":{"rendered":"\uff12\uff10\uff12\uff11\u5e74\u7c73\u56fd\u306e\u30d3\u30b8\u30cd\u30b9\u74b0\u5883"},"content":{"rendered":"<h3><span style=\"color: #003300;\"><strong>\uff12\uff10\uff12\uff11\u5e74\u3000\u7c73\u56fd\u306e\u30d3\u30b8\u30cd\u30b9\u74b0\u5883<\/strong><\/span><\/h3>\n<p>\uff12\uff10\uff12\uff11\u5e74\u306b\u5411\u3051\u3066\u30a2\u30e1\u30ea\u30ab\uff08\u30ab\u30ea\u30d5\u30a9\u30eb\u30cb\u30a2\uff0f\u30cf\u30ef\u30a4\uff09\u306b\u4e8b\u696d\u5c55\u958b\u3092\u8003\u3048\u3066\u304a\u3089\u308c\u308b\u65b9\u3001\u4f01\u696d\u69d8\u3002<br \/>\n\u4e00\u65b9\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u4e8b\u696d\u3092\u9589\u9396\u3001\u7e2e\u5c0f\u3001\u7d71\u5408\u3092\u8003\u3048\u3056\u308b\u3092\u5f97\u306a\u3044\u65b9\u3002\u69d8\u3005\u306a\u3054\u4e8b\u60c5\u304c\u591a\u3044\u5e74\u3068\u306a\u308a\u307e\u3057\u305f\u3002<\/p>\n<p>\uff12\uff10\uff12\uff10\u5e74\u5ea6\u306f\u7686\u69d8\u3054\u5b58\u77e5\u306e\u3088\u3046\u306a\u3001\u89b3\u5149\u3001\u98f2\u98df\u3001\u904b\u8f38\u3001\u5a2f\u697d\u3001\u5c0f\u58f2\u696d\u754c\u306f\u5927\u6253\u6483\u3092\u53d7\u3051\u3001\u6c11\u4e8b\u518d\u751f(Chapter 11)\u3092\u7533\u8acb\u3057\u305f\u4f01\u696d\u4ef6\u6570\u306f\u3053\u306e\uff12\uff10\u5e74\u4ee3\u3067\u6700\u3082\u591a\u3044\u6570\u3092\u8a18\u9332\u3002\u822a\u7a7a\u4f1a\u793e\u306f\u516c\u7684\u652f\u63f4\u306b\u307e\u3067\u306b\u306f\u81f3\u3063\u3066\u3044\u306a\u3044\u3082\u306e\u306e\u3001\uff12\uff10\uff12\uff11\u5e74\u5ea6\u306b\u306f\u5927\u639b\u304b\u308a\u306a\u518d\u7de8\u306f\u907f\u3051\u3089\u308c\u306a\u3044\u4e8b\u614b\u3067\u3059\u3002\u305f\u3060\u5317\u7c73\u306e\u4e8b\u696d\u518d\u7de8\u306f\u3001\u975e\u5e38\u306b\u65e9\u304f\u9032\u307f\u307e\u3059\u3002\u6625\u5148\u306b\u6c11\u4e8b\u518d\u751f(Chapter11)\u306b\u5165\u3063\u305f\u8001\u8217\u9ad8\u7d1a\u767e\u8ca8\u5e97\u306eNeiman Marcus\u793e\u306f\u590f\u306b\u518d\u751f\u6848\u304c\u6cd5\u5ef7\u3067\u8a8d\u53ef\u3055\u308c\u3001\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u30fc\u306e\u652f\u63f4\u3067\u5b8c\u5168\u5012\u7523\u3092\u9003\u308c\u3066\u3044\u307e\u3059\u3002\u540c\u69d8\u306b\u8001\u8217\u4e00\u822c\u5eb6\u6c11\u5411\u3051\u767e\u8ca8\u5e97\u306eJCPenny\u793e\u306f\u5927\u624b\u4e0d\u52d5\u7523\u30d5\u30a1\u30f3\u30c9\u904b\u7528\u306eSimon Property\u793e\u3068Brookfield\u793e\u306e\u652f\u63f4\u306e\u5143\u3001\u518d\u751f\u3055\u308c\u308b\u4e8b\u3068\u306a\u3063\u3066\u3044\u307e\u3059\u3002<br \/>\n\u300e\u52dd\u3061\u7d44\u3068\u8ca0\u3051\u7d44\u300f\u3001\u300e\u666f\u6c17\u306e\u623b\u308a\u306fU? V? K? \u4f55\u5b57\u578b\uff1f \u300f\u306e\u3088\u3046\u306a\u8a71\u984c\u306f\u7c73\u56fd\u7523\u696d\u3067\u306f\u5b58\u5728\u3057\u307e\u305b\u3093\u3002\u305d\u306e\u69d8\u306a\u8a71\u306e\u6700\u4e2d\u306b\u306f\u4f01\u696d\u306f\u5012\u7523\u3001\u518d\u751f\u3001\u8cb7\u53ce\u3001\u5408\u4f75\u3055\u308c\u3066\u884c\u304d\u307e\u3059\u3002\u30ea\u30b9\u30af\u3068\u30ea\u30bf\u30fc\u30f3\u3092\u3001\u201d\u53d6\u308c\u308b\u201d\u3001 \u201d\u53d6\u308c\u306a\u3044\u201d\u3067\u5224\u65ad\u3057\u3001\u65e5\u3005\u6c7a\u884c\u3092\u3057\u3066\u3044\u308b\u3068\u8a00\u3046\u4e8b\u304c\u6700\u3082\u91cd\u8981\u8996\u3055\u308c\u3066\u3044\u307e\u3059\u3002\u8ab0\u304c\u9032\u3081\u305f\u304b\u3001\u8ab0\u304c\u6c7a\u3081\u305f\u304b\u3082\u91cd\u8981\u3067\u3059\u304c\u300e\u8ab0\u304c\u305d\u306e\u52dd\u3061\u8ca0\u3051\u3092\u8a55\u4fa1\u3057\u3001\u7d50\u679c\u306b\u7d50\u3073\u3064\u3051\u305f\u304b\u3002\u300f\u304c\u65e5\u3005\u79f0\u8cdb\u3055\u308c\u3066\u3044\u308b\u30a2\u30e1\u30ea\u30ab\u7523\u696d\u793e\u4f1a\u3067\u3059\u3002<br \/>\n\u500b\u4eba\u304c\u4f1a\u793e\u3067\u8a55\u4fa1\u3055\u308c\u306a\u3051\u308c\u3070\u3001\u30d8\u30c3\u30c9\u30cf\u30f3\u30c6\u30a3\u30f3\u30b0\uff0f\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30a8\u30af\u30a4\u30c6\u30a3\u30fc\u306a\u3069\u304c\u4f55\u500d\u3082\u306e\u5831\u916c\u3067\u5f15\u304d\u629c\u304d\u307e\u3059\u3002<\/p>\n<p>\u672c\u5e74\u306f<a href=\"https:\/\/www.japancorporate.com\/dev\/listing-in-the-us\/#1IPO\">IPO<\/a>\u3088\u308a<a href=\"https:\/\/www.japancorporate.com\/dev\/spac\/\">SPAC (\u7279\u5225\u76ee\u7684\u4f1a\u793e\uff09\u3092\u6d3b\u7528\u3057\u3066\u4e0a\u5834<\/a>\u3055\u305b\u305f\u30ea\u30d0\u30fc\u30b9\u30de\u30fc\u30b8\u30e3\u30fc\u624b\u6cd5\u304c\u76ee\u7acb\u3063\u3066\u3044\u307e\u3059\u3002\u51c4\u307e\u3058\u3044\u52e2\u3044\u3067\u6210\u9577\u4f01\u696d\uff0f\u512a\u826f\u4f01\u696d\u304c\u4e0a\u5834\u3092\u679c\u305f\u3057\u3001\u66f4\u306b\u3042\u308b\u7a0b\u5ea6\u540d\u304c\u901a\u3063\u305f\u500b\u4eba\uff0f\u30d5\u30a1\u30f3\u30c9\u304c\u65d7\u3092\u3042\u3052\u308c\u3070\u3001\u305d\u306e\u65d7\u306b\u6570\u767e\u5104\u5186\u3001\u6570\u5343\u5104\u5186\u304c\u6570\u30f6\u6708\u3067\u96c6\u307e\u308a\u3001\u305d\u306e\u8cc7\u91d1\u3067\u5275\u696d\uff12\u5e74\u304b\u3089\uff12\uff10\u5e74\u7a0b\u5ea6\u306e\u65b0\u8208\u4f01\u696d\u304c\u8cb7\u53ce\u3055\u308c\u3066\u4e0a\u5834\u3092\u679c\u305f\u3057\u3066\u3044\u307e\u3059\u3002<br \/>\n\u6280\u8853\u3084\u65b0\u3057\u3044\u4e8b\u696d\u5f62\u614b(Business Model)\u306f\u4eca\u3084 \u201d\u79c1\u201d (Private Market) \u306e\u5834\u3067\u306f\u306a\u304f\u3001\u201d\u516c\u201d (Public Market)\u306e\u5834\u3067\u8a66\u3055\u308c\u3001\u751f\u304d\u6b8b\u308a\u3092\u304b\u3051\u308b\u6642\u4ee3\u306b\u306a\u3063\u305f\u4e8b\u304c\u3053\u306eSPAC\u3092\u7269\u8a9e\u3063\u3066\u3044\u307e\u3059\u3002\uff08\u5f93\u6765\u3001\u4e8b\u696d\u306f\u6700\u4f4e\u3067\u3082\u5e73\u574710\u5e74\u306f \u201d\u79c1\u201d \u306e\u5834\u3067\u6210\u9577\u3001\u5b89\u5b9a\u671f\u3092\u7d4c\u3066\u4e0a\u5834\u3059\u308b\u306e\u304c\u4e00\u822c\u3067\u3057\u305f\u3002\uff09<\/p>\n<p>\u201d\u4e16\u304c\u5909\u308f\u3063\u305f\u201d\uff08New Normal\uff09\u3068\u3044\u3046\u8a00\u8449\u306f\u30012020\u5e74\u3067 \u201d\u6b7b\u8a9e\u201d \u3068\u306a\u308b\u3067\u3057\u3087\u3046\u3002\u4eca\u5f8c\u3069\u306e\u69d8\u306b\u306a\u308b\u304b\u3092\u8a71\u3057\u5408\u3044\u3001\u7d44\u7e54\u5185\u3067\u6c7a\u3081\u3066\u3044\u3066\u306f\u81ea\u8eab\u304c\u751f\u304d\u629c\u3051\u306a\u3044\u4e16\u754c\u306e\u6025\u5909\u671f\u306b\u5165\u3063\u3066\u3044\u307e\u3059\u3002\u305d\u306e\u5148\u7aef\u3092\u9032\u3080\u306e\u306f\u5e38\u306b\u3001\u30a2\u30e1\u30ea\u30ab\u306e\u7523\u696d\u754c\u3068\u4e2d\u56fd\u3001\u30ed\u30b7\u30a2\u306e\u653f\u5e9c\u6a5f\u95a2\uff08\u3053\u306e\u4e8c\u30ab\u56fd\u306f\u7523\u696d\u3092\u653f\u5e9c\u304b\u7ba1\u7406\u3059\u308b\u793e\u4f1a\u4e3b\u7fa9\u56fd\u306e\u70ba\uff09\u3067\u3059\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"<p>2020\u5e74\u306fIPO\u3088\u308aSPAC (\u7279\u5225\u76ee\u7684\u4f1a\u793e\uff09\u3092\u6d3b\u7528\u3057\u3066\u4e0a\u5834\u3055\u305b\u305f\u30ea\u30d0\u30fc\u30b9\u30de\u30fc\u30b8\u30e3\u30fc\u624b\u6cd5\u304c\u76ee\u7acb\u3063\u3066\u304a\u308a\u3001\u51c4\u3044\u52e2\u3044\u3067\u6210\u9577\u4f01\u696d\uff0f\u512a\u826f\u4f01\u696d\u304c\u4e0a\u5834\u3092\u679c\u305f\u3057\u3001\u66f4\u306b\u3042\u308b\u7a0b\u5ea6\u540d\u304c\u901a\u3063\u305f\u500b\u4eba\uff0f\u30d5\u30a1\u30f3\u30c9\u304c\u65d7\u3092\u3042\u3052\u308c\u3070\u3001\u305d\u306e\u65d7\u306b\u6570\u767e\u5104\u5186\u3001\u6570\u5343\u5104\u5186\u304c\u6570\u30f6\u6708\u3067\u96c6\u307e\u308a\u3001\u305d\u306e\u8cc7\u91d1\u3067\u5275\u696d\uff12\u5e74\u304b\u3089\uff12\uff10\u5e74\u7a0b\u5ea6\u306e\u65b0\u8208\u4f01\u696d\u304c\u8cb7\u53ce\u3055\u308c\u4e0a\u5834\u3092\u679c\u305f\u3057\u3066\u3044\u305f\u3002\u6280\u8853\u3084\u65b0\u3057\u3044\u4e8b\u696d\u5f62\u614b(Business Model)\u306f\u4eca\u3084 \u201d\u79c1\u201d (Private Market) \u306e\u5834\u3067\u306f\u306a\u304f\u3001\u201d\u516c\u201d (Public Market)\u306e\u5834\u3067\u8a66\u3055\u308c\u3001\u751f\u304d\u6b8b\u308a\u3092\u304b\u3051\u308b\u6642\u4ee3\u306b\u306a\u3063\u305f\u4e8b\u304c\u3053\u306eSPAC\u3092\u7269\u8a9e\u3063\u3066\u3044\u308b\u3002<\/p>\n","protected":false},"author":2,"featured_media":8323,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[171],"tags":[165,216,240,268,269],"_links":{"self":[{"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/posts\/8322"}],"collection":[{"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/comments?post=8322"}],"version-history":[{"count":5,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/posts\/8322\/revisions"}],"predecessor-version":[{"id":9470,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/posts\/8322\/revisions\/9470"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/media\/8323"}],"wp:attachment":[{"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/media?parent=8322"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/categories?post=8322"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.japancorporate.com\/dev\/wp-json\/wp\/v2\/tags?post=8322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}