Amid the wildfire decimating market gains are the quiet but bold buying and backdoor listing activities that may lend to interesting stock plays in the not so distant future. Details of the financial deal are yet to be disclosed but it is expected the transaction will be completed next month. Bottom lineSimply, backdoor listing is the practice of an unlisted company securing an exchange listing by merging with a company that is already listed on the exchange. The terms “reverse takeover, reverse IPO, or reverse merger” have the same meaning as backdoor listing. Backdoor listing has usually led to interesting stock plays.

Source: Manila Times September 13, 2018 16:30 UTC