Research On Motivation And Effect Of Company Q Returning Back To A-Share Market

For a long time,an overseas listing was the dream of countless Chinese companies.After years of efforts,many Chinese companies have realized their dreams,and their efforts have resulted in the birth of a new noun--Chinese concept shares.The index is for companies whose main business and assets are in China but listed overseas.However,after the dream came true,many companies listed overseas suddenly found that the dream is not so good.Short institutions malicious attack,the value of long-term undervaluation and other problems and has been plagued by the concept of enterprises.With the rapid development of the domestic economy and the maturity of the market mechanism,more and more Chinese concept stocks have set foot on the road of returning to the domestic capital market.Among them,Company Q,as the leading enterprise of Internet security in China,successfully returned to the a-share listing by backdoor Company J,which is the largest Chinese concept stock return at present.As A typical Chinese stock that returns to the a-share market,the motivation and effect of Company Q's return to the a-share market are worth studying.Taking Company Q as the object of case to study,this paper first expounds relevant concepts and theoretical basis,introduces the basic situation of Company Q,and reviews the process of Company Q,from privatization and delisting to backdoor listing.Then this paper analyzes and studies the motivations and effects of Q company's return to the A-share market.Through A series of analysis of the representative case of Q Company,it is found that the motivations of Q Company's return to the A-share market include the long-term undervaluation of the company's market value,the need to adjust its development strategy,the difficulty to meet its capital needs,and the fact that the country strongly supports the development of the Internet security industry.After Company Q's return to the A-share market,it is found that the return to the A-share market has exerted varying degrees of influence on Company Q's market performance,development strategy,financing demand and financial performance.Based on the the analysis of motivations and effect of the returning of Company Q,it is hoped that the majority investors can make rational investment choices.It provides reference for Chinese concept companies intending to return to the listing,selects the appropriate returning time and the appropriate listing path according to the company's own development status,and provides reference suggestions for domestic capital market regulators to guide the return of high-quality enterprise resources and deepen the reform of multi-level capital market.