求翻译：公开发行股票是融资的一个有效途径，但由于昂贵的费用、繁杂的手续致使成本较高。中小企业上市存在较高门槛，所以发行股票比较困难，即使是直接融资占很大比例的美国，也只有不到l0&的公司能上市公开发行股票，而年销售额在500万美元以下的中小企业能成功上市的极少。是什么意思？

Public offering of shares is an effective way of financing, but because of high costs, complex process resulting in higher costs. SME market there is a higher threshold, so the more difficult issue of stocks, even if a large proportion of direct financing of the United States, only less than l0 &

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The public release stock is a financing effective way, but as a result of the expensive expense, the numerous and diverse procedural cause cost is high.Small and medium-sized enterprise going on the market existence high threshold, therefore the outstanding share quite is difficult, even if is direc

Public offering of shares is an effective way of financing, but due to high costs, complexity of procedure resulting in higher cost. SME listing high threshold, it shares more difficult, even constitute a significant proportion of direct financing of the United States, is less than l0& of compan

Public offering of shares is an effective way of financing, but due to high costs, complexity of procedure resulting in higher cost. SME listing high threshold, it shares more difficult, even constitute a significant proportion of direct financing of the United States, is less than l0& of compan