The Research Of Jiuding Investment Backdoor Listing

Since the introduction of the backdoor listing in the 1990 s,the way to achieve listing has become more and more common in the capital market.As an important supplement to IPO listing,backdoor listing can effectively shorten the time required for listing,and provide another option besides IPO listing for companies that want to list on the main board market but cannot afford excessive time costs.The listing of IPOs is usually suitable for high-quality companies with excellent performance and meeting regulatory conditions,and backdoor listing can effectively lower the threshold for entering the capital market,so it is more suitable for enterprises with strong capital strength but some conditions cannot meet IPO.In recent years,financial companies have become more active with capital market financing.It can be said that they face many listing opportunities.If they can fully control the potential risks of finance,business and transactions,they can provide a choice for financial enterprises.path of.As an important part of China's sound multi-level financial market financing system,the private equity investment industry has benefited from the guidance of national financial system innovation and the continuous improvement of private investment regulations.China's private equity investment funds are close to one trillion yuan.Guan,the world's top 300 private equity investment institutions,China has as many as 22 companies.It can be said that China's private equity investment has had a profound impact on the world investment market.Private equity firms help small and medium-sized start-ups in all walks of life to finance,but their own financing is equally important and depends on the power of the capital market.Compared with IPOs with strict supervision and cumbersome approval procedures,backdoor listing is more suitable for private equity investment companies with huge financial support.Under the background that private equity investment has increasingly affected China's financial system,it is of certain significance to strengthen the research on private equity investment companies' backdoor listing.As the first private equity investment industry in China,Jiuding Investment has successfully listed on the backdoor,and its research has provided a good reference forcompanies with other listing needs in the same industry.This article mainly takes Jiuding Investment's backdoor Zhongjiang Real Estate as an example,and describes in detail the situation of Buying Fangfang Jiuding Group,Selling Shell Zhongjiang Real Estate and the target private equity investment assets Kunwu Jiuding and the specific operation plan of backdoor listing,and analyzes Jiuding Investment's backdoor.The motivation for listing,evaluate the effect of its backdoor listing.Through the summary of the motivation and effect of Jiuding Investment,the relevant conclusions are drawn: Firstly,the success of Jiuding Investment's backdoor listing is based on the vigorous development of the private equity investment industry and the development momentum of Jiuding Investment itself is good and the performance is excellent.Secondly,Jiuding Investment is suitable for its actual backdoor operation and appropriate selection of shell companies to help Jiuding Investment successfully backdoor listing,which provides strong support for the company's industry expansion and strategic development.Finally,after the successful backdoor listing,the market value of Jiuding Investment has been significantly improved,and the relevant financial indicators such as solvency and profitability have improved significantly.The synergy effect after the backdoor has also been reflected.The company has performed well in all aspects.Based on the above research and conclusions,this paper draws the following research enlightenment: the enterprise is listed on the backdoor,and it is necessary to consider the choice of the shell company in many aspects.By choosing the suitable shell company,the difficulty of listing the shell can be greatly reduced,and the effect after the backdoor listing is improved;Enterprises should pay attention to the cultivation of excellent teams familiar with capital operation to effectively enhance the company's value and business performance;while the government increases supervision,it should focus on industrial support,avoid “one size fits all” at the regulatory level,and optimize the capital environment.