| Beginning in 2010,due to misleading information about Chinese stocks issued by the US short-selling institutions and different investment concepts,investors in the US capital market have given low recognition of Chinese stocks.In contrast,China's capital market,with the rapid development of emerging Internet technology industries,Chinese investors are very optimistic about the prospects of Internet stocks.With the support of favorable policies,they have called for high-quality Chinese stocks to return to China's capital market.Qihoo 360 is a leader in Internet security products and services.Due to its large size,the real development situation is significantly different from its market valuation.At the same time,Qihoo 360,which successfully returned to the A-share market,is the latest internet stock so far.The case of 360 returning to the A-share market is typical.This paper takes the path of Qihoo 360's returning to the A-share Market with Backdoor Listing from Jiangnan Jiajie as the research object.Firstly,It sorts out the relevant theories of backdoor listing,and then introduces the background and process of Qihoo 360's returning to the A-share market,and then analyzes the reasons for its return to the A-share,the results produced,and the impact on the market.Qihoo 360,like other Internet companies,wants to increase its market value and get more investment by returning to the A-share market.However,Qihoo 360 also wants to carry out strategic cooperation with the Chinese government by returning to A-share market to enhance the work in the cyber security at the national level.Qihoo 360 successfully returned to the A-share listing through backdoor listing from Jiangnan Jiajie,which has a positive impact on its own development and the Chinese capital market.At the same time,it will also give referential value to the Internet listing companies who wants to delist from the US capital market for privatization and return back to the A-share market. |
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