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Analysis Of The Successful Factors Of Returning Of A Stock Market After Privatized Delisting

Posted on:2019-04-11Degree:MasterType:Thesis
Country:ChinaCandidate:P QiuFull Text:PDF
GTID:2429330548963824Subject:Accounting
Abstract/Summary:PDF Full Text Request
At the beginning of the 21 st century,due to the develop ing of C hina's capital market,there are many barriers to the listing of companies,especially Internet companies.In order to obtain the capital needed for development,many companies have embarked on overseas listing.This seems as C hinese concept stocks.In 2011,however,Chinese companies faced many barricades from short sellers such as Muddy Waters and Citron,and stock prices plummeted.In 2011,more than 50 stocks were suspended because of short selling.Market value is undervalued and the stock liquidity is poor.It's hard to obtain the expected financing to promote the further development of the company.While C hina's capital market environment is gradually optimized,A-share market listed companies' valuation level and high volume.The boom of China's stock market in 2015 is in sharp contrast to the coldness of the American capital market,and a large number of Chinese stock companies have embarked on the road of "returning home".Such as grand games,focus media,Youku Tudou,Q ihoo 360 and other high-quality enterprises,seeking in the domestic market can be recognized by investors,to obtain greater space for growth.This paper first analyzes the general situation of the return of Chinese stock companies and expounds the process of Q ihoo 360's regression in detail.And the reason that Q ihoo 360 returns to our country capital market carries on an analysis.Then,the paper points out that the influencing factors of Q ihoo 360's successful return mainly lie in the centralization of equity,the capital support of privatized consortia,the reasonable price of privatization,the accurate timing,the sufficient preparation for listing and the particularity of the industry.And from market value,equity and investment income from the three aspects of Q ihoo 360 discussed the effectiveness of the listing.Finally,the company,management and investors put forward the relevant recommendations.
Keywords/Search Tags:Going private, Backdoor listing, Chinese concept stocks, The return of A shares
PDF Full Text Request
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