A Study On The Performance Of S Company’s Backdoor Listing

With the arrival of the Internet plus,artificial intelligence and digital era,the supply side structural reform is deepening,the logistics industry is booming,relying on economic development,the development of the times and national policy support.But the rapid development also makes various logistics companies want to accelerate their progress and squeeze into the forefront of the industry.Going public has become the preferred choice for most companies.Since the 21 st century,backdoor listing has emerged from this.Affected by numerous obstacles to IPO and listing around 2015,logistics companies,as private enterprises,have chosen to go through backdoor listing,sparking a wave of backdoor listing,which is both an opportunity and a challenge for the company’s development.In this context,in-depth research on successful cases of backdoor listing will have rich theoretical and practical significance for the subsequent performance development of the logistics industry.Taking S Company,a typical benchmark company in the logistics industry,as an example,with the purpose of improving the company’s performance level and providing the industry with successful experience of backdoor listing,based on the theoretical basis of efficient market,signaling theory,synergy effect and backdoor listing practice,the paper analyzes the data of S Company from 2014 to 2021 through event study,financial indicator method and non-financial indicator method to obtain performance results,and gain enlightenment and experience.After research,it has been found that the backdoor listing event of S company has a positive impact on the overall performance of S company,and has a promoting effect on the company’s subsequent development.The logistics industry or other companies that want to go public need to learn from the three elements of S Company’s successful backdoor listing: appropriate listing timing,appropriate shell resources,and reasonable strategic plans.This is the key to the success of backdoor listing and has reference value for industry development.Managers need to have a long-term perspective to drive the company’s continuous development.The research on the performance of S company’s backdoor listing can provide certain thinking and reference significance for Chinese companies that have backdoor listings.