Analysis Of The Privatization Of Delisting Reasons And Fiancial Effects Of Qihoo 360 Technology Co.Ltd.

In recent years,Shanda,Qihoo 360,Focus Media as the representative of the Chinese stocks enterprises set off a wave of privatization delisting,in 2015 alone,nearly 30 takes stock companies received a privatization delisting offer.Listing can bring many benefits to the enterprise,but compared to the United States,China's domestic enterprises listed threshold high,waiting time cost is big,so many domestic enterprises in their rapid growth period,the direct in the overseas market,the so-called "China stocks".However,with the Chinese slowdown in economic growth and industrial structure transition,and China enterprises because of the financial information disclosure problems and continue to have overseas professional bodies caused by the short,takes stock of the credit crisis,which led to many of the long-term stock shares at a low valuation,poor liquidity,investors lack of attention and can not get the expected financing.The first part of the article clarifies the research background.At the same time,it also makes a literature review on the characteristics,motivation and financial effects of listed companies' privatization delisting,and puts forward the concrete ideas and methods of the research.The second part is the theoretical overview of the motivation and financial effect of the privatization of listed companies.The concepts of privatization delisting,privatization delisting and financial effects of privatization are clarified.The third part of this paper is a case study.First,the basic situation of Qihoo 360 case company is introduced in detail.Through the way of privatization of Qihoo 360,the privatization scheme is introduced and analyzed,including privatization,privatization,privatization,privatization and so on.The fourth part of this paper is the analysis of the motivation and financial effect of Qihoo 360 return to the A stock market;Based on the analysis of the above motives and financial effects,the paper concludes and draws the conclusion and Inspiration of the case.On the basis of summarizing the relevant literature at home and abroad,based on the theory of transaction cost,wealth transfer,avoidance of supervision and acquisition and prevention,this paper analyzes the motives of the privatization of the Qihoo 360 in a typical case enterprise,and collate and analyze the possible wealth brought by the privatization of Qihoo 360.Finally,through the analysis of the privatization of the Chinese concept stock listed in the United States,it will also help our regulatory authorities to further learn from the experience,timely launch the corresponding policies,improve the domestic capital market delisting mechanism,and guide the enterprises that have completed the privatization to return to the domestic capital market at the appropriate time.