The IPO Financing Performance Analysis Of First Listed Companies In The Growth Enterprises Market Of China

At present, all countries make effort for becoming a powerful country. How toinnovate in the aspects such as military, economic, scientific and technological to providesupport for national development already became the important things for every country.Science and technology innovation has become an indispensable important strength. Asan important factor in the development of the country, small and medium-sizedenterprises have been faced with the difficulties that how to finance. To solve theproblem, the growth enterprise market finally launched on October23,2009throughmany twists and turns. The first28companies listed shares and started trading in October30. The launching of the gem solved the difficult problem of financing and let enterprisesa lot less trouble back at home, as well as risk investment into the enterprise find the rightexit channel, and the structure of the capital market in China are more complete. Thepeople had such great hope for the development of the gem, whether the first28listedcompanies in the better direction attracted people’s attention. It is important toresearching before and after the IPO performance of listed companies for the long-termdevelopment of the gem and risk prevention.This paper analyst before and after the IPO performance of28listed companies bythe method of economic value added and is divided into five parts altogether. The firstpart mainly elaborated the research background and significance, literature review aboutthe IPO financing performance of listed companies as well as the main research methods,innovation and insufficiency. The second part briefly introduces basic situation about thefirst28listed companies. This can make us know more about the first28companieslisted on the specific circumstances, such as business nature, industry and regiondistribution, equity structure, risk investment on participation, etc. The third partintroduces the calculation process and adjustment methods of the performance evaluationindex-EVA. The fourth part mainly uses the economic value added to the first batch ofgem IPO financing performance of listed companies to empirical analysis. It is concludedthat28companies listed on the average performance decline after the conclusion andclassified according to different situation research can draw different conclusions. Thefifth part mainly analyses the reasons and put forward the corresponding countermeasures and suggestions according to the reasons to help better and fasterdevelopment of the gem.