Researchon The Performance Of Internet Financial Enterprises' Overseas Listing

The Internet in China started in the 1990 s.In the mid-to-late 1990 s,the Internet quickly spread from the first few scientists to the masses.As of December 2018,the penetration rate of the Internet in China has reached 59.6%,and the huge market formed has attracted capital competition in various fields.Internet finance has emerged in the gradual development and maturity of the Internet in China and continues to flourish.Since the 1980 s,in the context of economic globalization,international equity financing has developed rapidly.In China,the special nature of low-efficiency and light assets of early Internet financial companies made it difficult for them to easily obtain funds for enterprise development from the domestic market.Therefore,most Internet finance companies choose to list overseas to solve the capital needs for enterprise growth.However,in reality,many overseas Chinese Internet companies have encountered many bottlenecks after their listing.There are many reasons for this phenomenon.This article tries to use the Yirendai as an example to study overseas listing from the perspective of finance,through a large number of overseas listed Internet financial enterprise data,combined with capital cost theory,corporate growth theory and enterprise.Governance theory conducts a more in-depth discussion on the performance of Chinese Internet financial companies' overseas listings.This paper mainly uses literature analysis method,comparative analysis method,case analysis method,chart analysis method and other research methods.Based on the overseas listing motivation,listing process and post-marketing performance change of pleasant loans,this paper studies the overseas listing of Chinese Internet finance companies.The impact of performance.Through the analysis of the Yirendai,it can be seen that after the short-term market cold encounter after the listing of the Yirendai,the stock price has risen rapidly and has been recognized by overseas investors,which has brought positive influence to the financial performance of the company.However,overseas listing is not always the best listing decision for Chinese Internet finance companies.On the one hand,the positive effects of overseas listings on enterprises have obvious timeliness.On the other hand,under the background that the domestic capital market is constantly mature and perfect,and domestic related policies are gradually more friendly to the listing of enterprises,the advantages of overseas listing of Internet financial enterprises are converging compared with the advantages of domestic listing.Therefore,Internet finance companies are considering overseas.Be more cautious when listing.