Research On The Return To Privatization,Spin Off Wuxi Apptec And Its Economic Consequences

In recent years,with the trend of return becoming stronger and stronger,it is necessary to study the behavior of the return of privatization of overseas enterprises and their successful return to China's capital market.It can be said that the return of overseas enterprises is a "feast" of capital.As an overseas Unicorn company,Wuxi apptec's market valuation has reached 10 billion before its return to listing.At the beginning of A-share listing,it has been trading directly for several trading days.This astonishing market performance is due to its perfect capital operation method.Based on the existing research at home and abroad,this paper discusses the regression motivation and operation.Then,on the basis of the previous theoretical analysis,through the study of the case of separation and regression of Wuxi apptec,what is the motivation for the company to choose privatization? Why do you choose the way of spin off listing? Is the company's operating performance as expected after its spin off? Does privatization and spin off have a positive effect? Is the operation method replicable to other enterprises with the same needs? Answer the above questions to provide a case reference for the companies that are looking to return to listing.The research content of this paper is mainly divided into: first of all,the relevant literature at home and abroad is reviewed and the relevant concepts and theoretical basis covered in this paper are detailed.Then it describes the whole delisting-spin off behavior of the company,and explores the motivation and strategy behind it.Then,the paper studies the effects of privatization and spin off listing,trying to analyze the relationship between corporate behavior and economic consequences.Finally,the paper summarizes the case,and puts forward relevant suggestions and countermeasures.The main conclusions of this paper are as follows:(1)from the perspective of privatization,the privatization behavior of Wuxi apptec releases favorable signals to the market,brings positive wealth effect to investors,improves the financing ability,reduces the listing cost,centralizes the equity,and contributes to the long-term development of enterprises;(2)from the perspective of spin off listing,the spin off listing makes Wuxi apptec produce positive stock effect It is conducive to the realization of the core strategy of the enterprise and the improvement of the value ofthe shareholders of the parent company.At the same time,after the spin off,there are also disadvantages such as the increase of the maintenance cost of private listing,the improvement of some financial indicators is not obvious,the increase of the potential risks of the enterprise,and the deterioration of the scale benefits.However,in the long-term stock price analysis,the growth ability of the company is still worthy of expectation.The main contributions of this paper are as follows: as the first zhonggai stock company that has successfully entered the A-share market in the way of separation and return,the timing of its return to China's capital market is surprisingly in line with the trend of the capital market,and it has become a model symbol of successful capital operation in the eyes of the public.This paper studies the whole case of return to privatization and spin off listing of Wuxi apptec,which provides typical practical support for relevant enterprises,and also provides practical case reference for improving domestic research.