Motivation Of YTO Express Passing Backdoor Listing And Performance Evaluation

In recent years,benefiting from the development of emerging e-commerce,the logistics industry has developed rapidly.The number and size of courier companies are constantly expanding,but the surface of prosperity hides a huge industry pressure of competition.Since the express delivery industry is a labor intensive industry,the market entry threshold is low,the profit models of all express delivery companies are roughly the same,profits are constantly decreasing,and the homogeneity of services is serious.Therefore,competition among industries is also becoming fiercer.If you want to occupy an advantageous position in the increasingly fierce market competition,it is difficult to meet the expansion needs of the enterprise by relying solely on its own capital.Therefore,express companies have sought listing to obtain the capital needed for business development.However,in the past two years,the domestic IPO audit has become more stringent,the queuing time is too long,and the review procedures are cumbersome.Backdoor listing has the advantages of short listing time and low listing cost.Therefore,tact,rhyme shares,SF Holdings,STO have selected backdoor listing to obtain capital market support.Around 2016,domestic express delivery companies get together and listed.This article takes China's first express-backed express delivery company YTO Express as an example to analyze its backdoor listing motives and backdoor listing model and evaluate its financial performance in order to provide other express companies with backdoor listings.Learn from experience.This article first reviews and summarizes the literature on the causes,models,and performance of backdoor listing.Secondly,it explains the concept of backdoor listing involved in this study,and sorts out the relevant theoretical foundations;it then introduces the research object backdoor.Fang YTO Express delivery,as well as the general situation of Shell Fang Dayang's creation and the specific implementation plan of the transaction,as well as the analysis of the motives of YTO Express backdoor listing and the motives of creation of Dayang's creation,then evaluated the performance of YTO Express backdoor listing.Finally,we reached the conclusion of this article: YTO Express took the lead in backdoor listing and raised a large amount of funds for it,laying a solid foundation for enhancing its competitiveness in the industry and subsequently increasing its market share.With the introduction of new regulations on backdoor shells,the backdoor listing policy has become increasingly stringent.Enterprises should select the appropriate listing method according to the actual situation.The IPO should reduce the entry threshold and improve the registration supporting system.