What’s the matter with 58.com officially launching privatization? Why does 58.com want to privatize?

What’s the matter with 58.com officially launching privatization? Why does 58.com want to privatize? The total transaction valuation is expected to be US$8.7 billion

On the evening of June 15, 58.com learned that the company had signed an agreement with relevant parties to officially launch privatization. The total transaction valuation is expected to be US$8.7 billion, or approximately RMB 61.7 billion.

Coincidentally, on the same day, the GEM registration system officially began to accept business and opened its doors to customers.
How will 58.com be privatized? Will it return to the A-share market after privatization? If you return, which sector will you land on?
The privatization buyer group is luxurious with a premium of about 20%. According to the announcement, 58.com signed a merger agreement with Quantum Bloom Group Ltd. Under the terms of the merger agreement, the buyer investment consortium will purchase all outstanding common shares of 58.com for US$28 per common share (equivalent to US$56 per American depositary share) in cash, with a total transaction valuation of approximately US$8.7 billion.
The buyer investment consortium of 58.com includes Warburg Pincus, General Atlantic, Ocean Link Investment and 58.com Chairman and CEO Yao Jinbo. The buyer investment consortium plans to finance 58.com's privatization transaction through a combination of equity and debt financing.
58.com said that based on the unanimous recommendation of the special committee under the 58.com board of directors, the board has approved the privatization agreement and resolved to recommend that the company's shareholders vote in favor. The Special Committee, with the assistance of its financial and legal advisors, negotiated the terms of the privatization agreement.