Research On The Backdoor Listing Of STO Express

In recent years,with the prosperity of the socialist market economy with Chinese characteristics,the continuous development and improvement of e-commerce has promoted the rapid development of the express delivery industry,which in turn has promoted it to have an increasingly high position in the national economy,so major express delivery They landed on the ground.According to the development of the express delivery industry in recent years,the business volume of various express delivery companies is increasing day by day,and the scale of development is growing day by day,but this has also spawned a series of problems.Among them,the current capital and The problem of mismatched expansion of business scale,financing has obviously become a way to save the market for business operators.Although there are numerous financing methods on the market,backdoor listing is favored by many companies because of its low financing cost and fast financing speed.Compared with IPO listings,the low entry barriers for backdoor listings and the ease of review provide a listing channel for many unlisted companies that cannot meet IPO conditions.Through backdoor listing,express delivery companies quickly obtain financing in the capital market,develop the company and occupy the market heights.In this paper,through the case study method,STO Express backdoor listing is selected as the case study object.First,the relevant concepts and theories of backdoor listing are described,and then the related policies,macro background and industry background of backdoor listing are used as the basis for the introduction of the case;second,the basic situation of the two companies in the case and the process of transaction occurrence are introduced;Then the qualitative analysis method is used to analyze the backdoor listing motivation,the rationality of the selected shell company and the backdoor listing model;the quantitative analysis method is used to analyze the value of the shell resources and the performance of the listing.Finally,it is concluded that although there is a certain value loss in the backdoor of STO Express,the listing still brings a positive effect for it.Overall,the backdoor listing is successful.This article hopes to use the research on STO's backdoor situation to provide experience and reference for the listing of companies in the same industry,and promote the healthy development of China's express delivery companies.