Everything you need to know about Reverse Shell Mergers by Ralph Amato
CHINESE Reverse Mergers for 2007
China’s State Administration of Foreign Exchange issued a rule entitled Circular 106 which went into effect in the summer of 2007. The new rule required Chinese companies that set up offshore entities for domestic investment to receive approval from Chinese regulators prior to establishing such offshore jurisdiction. At first it was [...]
PIPES in 2007
Rodman and Renshaw, LLC was ranked numero uno (#1) for the most active investment bank while Enable Capital Management ranked as the number one most active institutional investor in the PIPE market in 2007.
From Sagient Research comes the following information for the PIPE market for 2007:
Sichenzia Ross Friedman Ference, LLP ranked as [...]
Alternative Public Offerings (APO)
Of the 222 reverse mergers that were completed in 2007 almost 100 (45%) included a private placement in conjunction with the merger. The private placements averaged approximately $9 million per deal. As previously stated the average market cap per deal in 2007 was $55.55 million. As we move into 2008 we should [...]
The fourth quarter of 2007 was the busiest season for reverse mergers. There were 71 deals brought to market but the average market cap per deal dropped 16% from the previous quarter to $37.3 million. We have also seen greater participation of foreign companies using reverse mergers to get their companies listed in the US [...]
In comparison to the statistics of the 2007 reverse mergers, www.ipohome.com states that the traditional IPO marketplace in 2007 produced 234 deals with an average deal size of $229MM with aggregate proceeds of $54 billion. This is an 18% increase in the number of deals closed in 2006 and a 6% increase in the [...]
According to www.dealflowmedia.com no individual month witnessed less than double digit deals coming to market; a feat that has not occurred in almost 25 years (1993). The most interesting statistic is that the average reverse merger deal in 2007 was valued at $55.55 million. This is a substantial number for it proves that [...]
We expect 2008 to show greater increases with the approval of several new rules by the Securities and Exchange Commission (the “SEC”) that go into effect the beginning of this year. One of the revised rules will allow reverse merger companies to raise financing with better terms and conditions due to the reduced holding [...]
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