Australia's Back Door To Going Public

摘要

A three-year-old company called 1-Page took an unusual path to the public markets. The San Francisco Web-based service, which helps human resources managers find job candidates, chose to list its stock on Australia's main stock exchange, ASX, instead of on Nasdaq. And rather than go through an initial public offering, the company did a "reverse take-over"-buying a troubled nickel mining company that was already trading on the exchange. While the idea seemed "crazy" at first, says Joanna Weidenmiller, 1-Page's chief executive officer, it's worked out. "The large institutions are looking at us," she says. The stock has jumped about 430 percent since the October 2014 deal.