No Product, No Sales, No Prospects? Consider a Reverse Merger
- Reverse takeovers are alternative way to take a company public
- Public listings anecdotally have a value up to $25 million
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When all else has failed and a publicly traded company has no product and no prospects, it still has one thing that is worth a pot of gold — its listing.
These shell corporations are becoming sought after by companies looking to go public through reverse mergers — where a private company takes over a public one — as investors remain weary of initial public offerings, especially for biotechnology companies.