Analysis On The Motivation And Performance Of Berry Genomics Backdoor Listing

In the market economy,enterprises are facing fierce competition.With the continuous development of enterprises,more and more enterprises are beginning to move toward the capital market,hoping to achieve rapid expansion and economies of scale through the platform of the capital market.Enterprises can choose IPO and backdoor listing to enter the capital market.Compared with the IPO review process,the backdoor listing review cycle is shorter,the listing procedure is simpler and more flexible.Therefore,for companies that are urgently listed,backdoor listing is a better choice.In recent years,the China Securities Regulatory Commission has revised the Measures for the Administration of Major Asset Restructuring of Listed Companies,and added some provisions to impose stricter requirements on the listing of enterprises.In the context of restructuring new regulations,this paper will conduct a case study on the back-to-back listing of gene sequencing companies with broad development prospects,and explore whether the motivation of backdoor listing and backdoor listing can bring positive effects to the performance of companies in the genetic sequencing industry.This paper uses the case study method to conduct a case study on the listing of Berry Genomics.Firstly,it expounds the research background and significance of the article,reviews the research results of the model,motivation and performance of the backdoor listing at home and abroad,introduces the research content and methods,and draws the framework structure of this paper.Secondly,it summarizes the related concepts,motivations,performance evaluation methods and theoretical foundations of backdoor listing,and lays a solid foundation for the specific case analysis.Next,a case study will be given on the basic situation,transaction process and specific plans of both parties to the backdoor listing transaction.In the case analysis section,it is divided into motivation and performance analysis.The motivation analysis includes the internal and external motivations of Berry Genomics.The performance analysis is divided into financial performance,market performance and non-financial performance analysis.This paper analyzes the motivation of the backdoor and the performance before and after the backdoor from various angles,and draws an objective and reasonable summary of the listing of Berry Genomics.According to the theory and case analysis,this paper draws some inspirations and hopes to provide reference for enterprises that want to enter the capital market in the future.First of all,this paper believes that enterprises should comprehensively analyze the external environment and their own situation,and choose the appropriate listing method.Then,if the company chooses to go public through the backdoor,then before the listing of the backdoor,the company must actively grasp the favorable policies of the state,and use the relevant policies of the state to increase the possibility of backdoor listing,and at the same time,choose the shell company reasonably.Finally,before the listing of the backdoor,the company must fully understand and abide by laws and regulations,and prepare for the listing to ensure the successful completion of the backdoor listing.In the end,the paper draws four conclusions.First,the backdoor listing has a positive effect on Berry’s performance.Second,the backdoor listing has enabled Berry Genomics to re-integrate financing channels.The third is the backdoor listing to help Berry Genomics achieve rapid listing.Fourth,the rational selection of shell resources is an important factor in the success of backdoors.