Research On Valuation Of Backdoor Listing Of High-tech Enterprises

In our country,enterprises seek to go public mainly through two ways,namely initial public offering(IPO)and backdoor listing.Due to the harsher conditions of the IPO and the longer waiting times,many companies that are eager to go public choose the special listing method of backdoor listing.Evaluation of the value of the enterprise is the basis for enterprises to conduct mergers and acquisitions to determine the transaction price,provide a reference value.Although some researches on the value assessment of high-tech enterprises have been made,the complexity of their own characteristics often restricts the application of the enterprise value assessment method.In addition,the value of the enterprise evaluation for different objects have different reference value.This requires that the enterprise value assessment value can accurately reflect the relevant information of the enterprise in order to help the information demanders in the market and make the economy reach a virtuous circle.Based on the traditional evaluation methods,and through analysis of the characteristics of high and new technology enterprise,don't think the traditional evaluation method suitable for high and new technology enterprise,the enterprise value evaluation of the innovation of the traditional methods need to be continually,only in practice better able to evaluate the enterprise value.Although there have been innovative methods,due to the limitation of the acquisition of relevant information and the instability of the capital market,there are some defects and the practicability is not strong.In the backdoor listing decisions should be based on the future enterprise development,and high and new technology enterprise has its distinct industry characteristics,the value of the enterprise focuses more on the expansion option value added value rather than the existing static value.This paper studies the case of backdoor listings,xinwei group,choose the high and new technology enterprise of enterprise value evaluation methods for the traditional method to evaluate the value of static on the existing financial,on the basis of calculating its potential value,key research enterprise overall value should be how to behave,together for the fair market value,try to foster strengths and circumvent weaknesses,use this way to reflect the market value of the high-tech enterprises and the overall strength.