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It is called a reverse merger.
Longtop did not go public through a reverse merger.
Alliance came public through a reverse merger with Essential Reality, a public shell company.
An area of particular interest for regulators has been so-called reverse merger companies.
Another controversial reverse merger, of publicly traded Novacea and privately held Transcept Pharmaceuticals, was approved in January by Novacea shareholders.
Allergan moved its head office to Dublin after a reverse merger with the Irish drugmaker Actavis a year ago.
In business, the acquisition of a big company by a smaller one is sometimes called a reverse merger.
Through a reverse merger structure, the privately held Getco will gain a public listing, the reports said.
Another alternative way for a company to get a stock market listing is through a reverse merger.
In a reverse merger, a publicly traded company essentially cedes its cash and stock listing to a private company with presumably better prospects.
Using a tactic known as a reverse merger, hundreds of Chinese companies have bought American shell companies, which have a stock-exchange listing but few actual assets.
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