My book Reverse Mergers: Taking a Company Public Without an IPO was published in September. Here is the description from the publisher:
Berkshire Hathaway, Turner Broadcasting System, Texas Instruments, Tandy Corporation, Occidental Petroleum, Muriel Siebert & Co., Blockbuster Entertainment, and the New York Stock Exchange all went public without doing initial public offerings. They did so by means of the reverse merger—a method by which a private company buys a majority stake in a public one and thereby becomes public itself.
Reverse mergers are far more versatile than IPOs. A great number of companies in a wide variety of situations can use the technique successfully. Reverse mergers are particularly advantageous to smaller companies, many of which are cut out of the IPO market because they do not meet the restrictive criteria set by investment banks.
Written for private company CEOs, CFOs, and the investment bankers, lawyers, and accountants who advise them, this book is the first to explain how reverse mergers work, from both a business and a legal perspective. Topics covered include: the pros and cons of going public, deal structures and mechanics, financing, winning market support, best (and worst) practices, due diligence, the regulatory regime, working with companies outside the United States (especially in China), specified purpose acquisition companies (SPACs), and Form 10-SB shells. Anyone interested in the capital markets will want to understand this valuable technique.
Praise for the book:
“With this book–the first of its kind–David Feldman has created an invaluable guide to the varied and increasingly complex world of going public. It is essential for any investment banker, lawyer, accountant, or private company that is seeking a rational alternative to an IPO.”
–Timothy J. Keating
President, Keating Investments, LLC
“Reverse mergers have been growing rapidly, especially after the SEC’s recent ruling to improve disclosure and legitimacy in these transactions. And I can think of no one better to write the first book on this subject than David Feldman, the clear leader in the field.”
–Lady Judge, formerly Barbara S. Thomas
Deputy Chairman, UK Financial Reporting Council and former SEC Commissioner
“David Feldman, a true pioneer and leader in the legal community, translates reverse mergers into plain English that is easy to read and understand.”
–Nimish P. Patel, Esq.,
Managing Partner, Richardson & Patel, LLP
You can buy the book at these locations:
- Bloomberg Press