Qihu 360 Privatization Delisting Motivation And Regression Effects Research

Due to the stringent domestic listing conditions and industry financing restrictions,some companies with very good growth have chosen to go overseas for financing.Since the beginning of 2015,the return of stocks has become more and more popular,so the regulators have become more cautious about the return of Chinese stocks.Although it is not explicitly prohibited to return overseas assets to A shares,it is more difficult to return the A shares to the A shares.Although the major asset restructuring of overseas assets since 2017 has been less successful,there are still many companies willing to take the risk in the domestic situation.This article first expounds the overview of the return of the stocks in China.Qihoo 360 chose overseas listings at the beginning of the selection of overseas listings due to the difficulty of financing special industries and the strict domestic listing conditions.However,after the successful IPO,it did not make Qihoo 360 has a good long-term stock market,and there are problems in its operations.In view of the return motivation of the general stocks,the main motivations of Qihoo 360 include strategic motivations,company business drivers,etc.Under different motives,the economic effects of enterprises will also be significantly different.The main economic performance includes the short-term and long-term performance of the company after the company returns to the market,the expansion of the business and the change of the shareholding structure after the return.The purpose of this paper is to analyze the motivation of the return of the enterprise in the specific industry of the stock market and whether the return It can really bring about changes in the strategic,financial performance and business operations of the China Stock Exchange.In the case study of Qihoo 360 returning to A-shares,it is concluded that there are many companies in the stock market but the return intentions are different.After the return of the company,the business market can be expanded,and the short-term shareholders can obtain excess benefits and business.There are many positive effects,such as strategic expansion and simplification of the shareholding structure,but there are also many negative effects.For example,the poor market performance caused by the changes in the macro environment cannot achieve short-term arbitrage and the operational pressure and management change risk in the face of performance commitment.Finally,it provides corresponding enlightenment for the return of the Chinese stocks,which provides reference for the follow-up investors who intend to return to the A-share market after the overseas listing.It also provides reference for investors to judge the value of the returning stocks.