Research On The Backdoor Listing Model And Performance Of Greenland Group

With the gradual development of market economy in our country,in order to improve the stability of the capital market in our country,made a lot of guidance and restriction in our country,for example:several suspend the IPO audit,limit of IPO audit frequency,etc.Add in the laws and regulations to the IPO company's various threshold requirements also relatively strict,this undoubtedly makes the direct listing for many enterprises is expected and not.As far as the real estate industry is concerned,money is the life of the enterprise,and the real estate enterprises without funds cannot survive.As the state regulation of the real estate market increasingly severe and complicated,for home buyers a series of restrictions,real estate enterprises want it extremely difficult to repatriate funds as soon as possible,in order to survive and development,have to a different approach.So the emergence of backdoor listing is a boon for most companies.Backdoor listings compared with IPO,is undoubtedly the threshold low,time faster,the effect is good choice,it not only can make the enterprise to avoid high threshold of IPO,realize the dream of the public offering,rapid financing,can improve their awareness,increase investors' trust,the side to help enterprises to broaden the financing channels,a firm foothold in the fierce market competition,steadily forward.Under the background of this article is in such a big literature research and theoretical analysis combined with case study research method on the analysis and discussion to,through the literature review summarizes the scholars over the years for the research achievements of backdoor listings,defines the concepts and patterns of backdoor listings,summarized relevant theoretical basis.After that,the selection of the development of the m&a market and the reform of the mixed ownership of state-owned enterprises in the mixed ownership system have a certain representative greenfield group to study the successful listing of jinfeng investment.Research,first introduced a shell side green space and the shell Fang Jinfeng basic development situation,then analyzes its shell,motivation,and the process of net shell of choice,and the shell were compared before and after the financial and market performance,explore the secret of its success,come to the conclusion,for other ideas backdoor listings and ongoing backdoor listing of reference and guidance for the operation of enterprises.