Case Study On Offcn Education’s Backdoor Listing

After China’s economic development has entered a new normal,it is necessary for the country to act more in the release of potential economic growth potential in the new period.In this context,policy-level stimulus and structural changes in employment have become particularly important,and the country has successively introduced many supporting occupations.Policies for the development of the education industry and the continuous release of favorable policies are bound to attract more potential participants,and the demand for listing in the vocational education industry is also increasing.The ways of listing and financing can be divided into IPO and backdoor listing.However,as the current capital market system and structure dominated by direct financing are gradually improving,backdoor listing is a fast channel for small and medium vocational education enterprises to go public.In this paper,we choose Offcn Education as a case study of backdoor listing in vocational education industry,where we introduce the background and motivation of its backdoor listing along with the long-term and short-term effects and goal achievement.As the very first vocational education company listed on the A-share market,the research value of Offcn Eduction is unique and eminent.In the short time period,the backdoor listing of Offcn Education has lured a significant number of investors’ attention and contributed to a lot of positive impacts to the stock market.In the long run,the company’s financial situation has improved greatly compared with the pre-listing period,it has also put effort on controlling its non-financial indicators and realizing its strategic objectives.Within the current Chinese society,there are still a lot of development opportunities for Offcn Education,and it has already started its planning,expanding its business scope and increasing its corporate influence,thus we believe Offcn Education can still move forward in the future.Offcn Education’s successful backdoor listing has enhanced brand awareness.Every key step in its backdoor listing process,including the selection of the shell company and the design of the backdoor plan,is worth learning from other companies.