Overall Listing Path Selection And Performance Analysis

In the early days of China's capital markets,due to the small market capacity and high IPO review threshold,most companies could not be fully listed at one time.As a result,many enterprises have separated their high-quality assets and listed them,that is,Spin off listing.However,with the continuous development and improvement of the securities market,disadvantages such as large-scale unfair connected transactions caused by the spin-off listing,severe horizontal competition,and erosion of the interests of small and medium investors have emerged.In order to solve the issues caused by the spin-off and listing,the whole listing came into being.Nowadays,the role of the whole listing is not only to solve the spin-off listing,but also to improve the operating efficiency and performance of many enterprises.At present,there are a variety of application modes of overall listing,and different overall listing modes also have different influences on enterprise performance.The applicability and performance impact of different overall listing modes are of great research significance.Based on this,this paper combed the domestic and foreign scholars about the overall listing of the relevant literature,summarized the overall performance of listed company related theoretical basis,Secondly,this paper introduces the re-classification of the overall listing model,analyze the mode selection impact on corporate performance,and based on the Shanghai and Shenzhen a-share market,analyze the status of overall listing,lay a foundation for the following case study.In the part of case study,this paper selects the products that realize the group's overall listing step by step as the object of case study.Firstly,it introduces the basic background of the case company,the overall listing plan,motivation and comparison of the two modes.Secondly,a comprehensive performance analysis system is built to conduct in-depth analysis on the performance changes of the two overall listings of WZ GROUP from the perspectives of market performance,collaborative performance and financial performance.Finally,based on the previous research,conclusions and relevant enlightenment are drawn.It is hoped that the case study on the overall listing will provide experience and reference for market supervisors and enterprises who plan to overall listing in the future,and make a modest contribution to the healthy development of the overall listing.