Case Study Of Private Education Institution Backdoor Listing

With the continuous improvement and development of the current capital market,more and more companies hope to enter the capital market in order to better expand financing channels and improve their financing capacity.However,due to the limitation of the conditions,there are only two main ways for companies to go public: direct IPO or indirect backdoor listing.Enterprises with strong financial capital strength are generally suitable for IPO listing,while backdoor listing has the advantages of low listing threshold and short financing cycle,which is more suitable for those enterprises with relatively weak financial capital.With the increase of the number of "shell" resources in the capital market,the number of enterprises that choose backdoor listing mode also increases gradually.This mode can not only greatly shorten the listing time and obtain the platform for listing financing,but also improve the company's core competitiveness.In recent years,China's education industry has been developing rapidly.More and more private education institutions with market-oriented operation have enhanced their financing ability and development strength through listing financing of educational asset securitization.Among them,in the aspect of private educational institutions' listing financing,the successful experience of backdoor listing of OFFCN is the most representative.To study and analyze the successful experience of backdoor listing of OFFCN has important reference significance for other educational institutions operating in the market.This paper takes the backdoor listing of OFFCN as a case,and on the basis of reading literature and collecting relevant materials,analyzes the motivation and performance of backdoor listing of OFFCN,so as to provide enlightenment for backdoor listing of educational enterprises in China.Firstly,this paper introduces the background and significance of the topic,the research status of backdoor listing at home and abroad,and the research contents and ideas of this paper.The second chapter expounds the concepts and theoretical basis related to this research.The third chapter is the case introduction,mainly introduces the backdoor listing of OFFCN related to the situation,comb its backdoor process,describes the characteristics of backdoor.The fourth chapter is case analysis,focusing on the reasons and performance of backdoor listing of cgce.In the performance analysis,the event study method,financial index analysis method and non-financial index analysis method are mainly used to analyze the short-term performance and long-term performance.Finally,the conclusion and enlightenment.Based on the analysis of the motivations and performance of backdoor listing of OFFCN,the analysis conclusion is that OFFCN achieved its strategic goal after backdoor listing,and the short-term and long-term performance of OFFCN has been significantly improved after backdoor listing.Analysis of public education in the backdoor listing successful experience,the market operation of other backdoor listing of the enlightenment education group is mainly,backdoor listings subject in front of the backdoor listings must be prepared to public finance related work,including looking for the right shell resource,for example,design appropriate trading scheme,using the appropriate appraisal methods,and focus on relevant government policies and other measures.Backdoor listing subjects should be good at integrating resources after backdoor listing,accelerate business transformation and development,and effectively control potential hidden risks.