TSXV:RBI.H - Post by User
Post by
jjshantzon Mar 01, 2018 2:48pm
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Post# 27646081
What is a 'Reverse Takeover - RTO'
What is a 'Reverse Takeover - RTO'A reverse takeover (RTO) is a type of merger that private companies use become publicly traded without resorting to an initial public offering (IPO). Initially, the private company buys enough shares to control a publicly traded company. The private company's shareholder then uses its shares in the private company to exchange for shares in the public company. At this point, the private company has effectively become a publicly traded company. An RTO is also known as a reverse merger or a reverse IPO