A Case Study On The Backdoor Listing Of YTO Express

Under the current economic situation,the enterprise's listing demand is increasing,under the influence of many factors,the enthusiasm of the enterprise seeking the listing through backdoor Way is unprecedentedly high,among which the private enterprise's intention is especially strong.As far as the current situation is concerned,in the momentum of the booming listed companies under the run,the once fiery IPO market situation has been sharply diluted,many of the companies wandering outside the capital market,trying to take the IPO plan,have turned to borrow shell listing boom.Under such trend,it is not difficult to foresee that the listing of backdoor will become one of the most important media for private enterprises to enter the capital market.However,due to various reasons,the case of enterprises to borrow shell listed failure is not uncommon.Since 21 st century,China has been relying on the rapid development of the market economy,along with the rapid progress of social science and technology,spawned a lot of modern residents living patterns and consumption habits of new industries.Express industry is a very typical example.In recent years,relying on increasingly mature and more consumer-approved e-commerce industry support,China's express delivery enterprises,especially private Express enterprises,the number and scale are continuously increasing,more and more enterprises want to occupy a place in this industry.However,such a low entry threshold,homogenization of serious,many competitors will inevitably face a huge industry competition crisis.In the current situation in the industry,we can see that the express industry is gradually compressed profit space,to be in such a severe competitive environment through business expansion to occupy the market to seize the favorable position,relying solely on own capital may be difficult to achieve.So many express companies will look to the capital market,in order to use this platform and the identity of listed companies to obtain the necessary funds.YTO Express as the first successful listed express companies,with the current market the highest business share.This article takes the case of the successful shell listing of YTO Express to be the research object,unifies the domestic and foreign scholar's related research experience,through to its reason,the risk as well as after the listing performance and so on aspect analysis,obtains the following conclusion: First of all,YTO Express Loan shell listing,is the industry competition under Relying on national policy support,seizing the market opportunity and adjusting the strategy in time is the precondition of the successful backdoor listing of YTO Express;Secondly,the accurate choice of shell company and the reasonable selection of the backdoor scheme,to a certain extent,simplifies the transaction process,accelerates the transaction speed,and is the basis of the successful backdoor listing of YTO Express;Finally,YTO Express based on their own situation,in the shell process of risk prevention,including the early net shell and the latter part of the internal reform is the key to the success of the YTO Express to borrow the shell.