Research On The Value Creation Path Of Ping An's Spin-off And Listing

Recently,the concept of the science and technology innovation board has been proposed,and the wave of spin-offs has once again returned,and the value creation path in spin-offs has once again attracted people's attention.There are not many cases of spin-offs and listings in China.Among them,Ping An of China has spun off Ping An Good Doctor as the first IPO unicorn company listed in Hong Kong in the Internet medical industry.Its consideration of capital operation is more mature;therefore,this article uses The case of Ping An Good Doctor in China's spin-off of listed companies is the research object,and in combination with the current background of the current wave of spin-offs in the market,it analyzes in depth the path of spin-offs to the creation of corporate value.??The current literature studies the economic effects and performance of spin-off listing cases,and this article clarifies that corporate value creation is affected by financing activities,investment activities,and business activities,and involves multiple theories,including information asymmetry theory,enterprises Value theory,market value management theory,etc.At the same time,it not only analyzes the reasons for the spin-off and listing,but also clarifies the path of value creation,determines the specific article ideas,specifically combines the case of Ping An Good Doctor of China Spin-off and Listing,combines the theoretical framework with the actual situation of the case,and analyses Ping An of China How to spin-off the listing of Ping An Good Doctor to realize the creation of corporate value;through the analysis and summary of financial data and market reflection,it is concluded that the spin-off and listing affects the value of the company and the path effect.The conclusions of this article are as follows: First,spin-off is a form of capital operation,which changes the efficiency of the company through its impact on financing,investment,and business activities,and finally affects the value of the company.Secondly,for the parent company,financing can be achieved,and a development alliance is formed to promote the follow-up process.At the same time,the financing scale of the parent company is expanded,the company 's strategy can be realized,and the operating efficiency can be significantly improved.In terms of financing efficiency,the subsidiary has achieved large-scale financing and obtained the status of spin-off and listing,thereby better enhancing its investment scale and thus acting on operating efficiency.Aiming at the behavior of spin-off and listing,this article also puts forward some suggestions: enterprises should pay attention to the motivation of spin-off and listing,pay attention to combining with their own development needs,and should not blindly pursue market heat.At the same time,companies should pay attention to thesubsequent listing process when conducting spin-offs and listings,starting from the three paths of financing,investment,and operation to further increase the value of the enterprise;for regulators,they should do well in the early listing of the company.Identification and judgment,secondly,we should actively guide companies to go public in the appropriate sector to ensure the orderly progress of the market.