References in periodicals archive ?
Many companies are opting to do backdoor listings now as an easier route to going public.
Manila Bay Development Corp eyes backdoor listing !-- -- Iris Gonzales (The Philippine Star) - June 3, 2019 - 12:00am MANILA, Philippines Manila Bay Development Corp.
The local bourse is, in fact, eyeing a total of P200 billion in capital-raising activities in 2019, including from at least six IPOs and backdoor listings.
Meanwhile, some of the backdoor listings include Dennis Uy-led gambling venture PH Resort, which made its presentation with the PSE last week; the listing of Uy's holding firm Udenna Corp.; and Tiger Resorts Asia Ltd., the operator of Okada Manila in Entertainment City.
A large number of struggling mining companies listed on the exchange has provided technology groups with opportunities for "backdoor listings", whereby they go public by acquiring a company with an existing ASX listing.
Many of the firms currently listed on Korea's stock exchanges went public through reverse acquisitions and backdoor listings in 2005 and 2006, when an Asia-wide burst of interest in Korean pop culture infected investors.
Meanwhile, some of the backdoor listings include the Dennis Uy-led gambling venture PH Resort, which made its presentation with the PSE last week; the listing of Uy's holding firm Udenna Corp.; and Tiger Resorts Asia Ltd., the operator of Okada Manila in Entertainment City.
The exchange is keeping its target of 10 IPOs and backdoor listings for 2015, even after just one company announced plans for an IPO so far this year.
No less than 19 listed firms own one or more film-related companies that went public through backdoor listings. As for ancillary rights, the explosion of new media in this country has stirred activity in a market where ancillary rights have recently counted for very little.
Backdoor listings in various forms are not only to enter the market but for corporate restructuring.