It is the tale of how a place that called itself China's "Underground Grand Canyon," and generates revenue from tickets and the sale of local wine, used a reverse merger to gain a U.S. listing without the usual rigors of an I.P.O.
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.
In some cases they have used a procedure known as a reverse merger to bypass the due diligence of an initial public offering.
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.
Another alternative way for a company to get a stock market listing is through a reverse merger.
Through a reverse merger structure, the privately held Getco will gain a public listing, the reports said.
He has set his sights on a specific group of stocks that access the public markets through a back-door method known as a reverse merger.
Retrophin, which went public through a reverse merger with a shell company, is based in New York and is run by Martin Shkreli, a former biotechnology hedge fund manager.
