| Journal Call no. | AP8.W56 |
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| Author | Holcombe, Cathy. |
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| Article Title | Nasdaq targeted for backdoor listings : IPOs possible within six months / Cathy Holcombe. |
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| Is Part Of | Window ; v.5, no.37, 27 Sep 1996, p.51, illus. |
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| Abstract | While most regional bourses require a three-year track record before listing, a company with a good contract or a good idea can get an initial public offering within six months of applying at America's Nasdaq stock exchange. Eager Hong Kong and China-related companies are shaving that time down to three or four months through backdoor listings. In a backdoor listing, also known as a reverse takeover or reverse merger, businesses buy or swap shares with a "shell" company whose shares aren't moving. The name of the company is changed and funds are raised shortly thereafter by issuing new shares. |
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