Alternative Public Offering (APO)

An Alternative Public Offering (APO) is a quicker and less expensive way for a private company to start trading publicly than a traditional Initial Public Offering (IPO). It usually involves a combination of a reverse merger with an existing, publicly listed 'shell' company (one with no significant business) and a simultaneous Private Investment in Public Equity (PIPE) to raise capital. 

However, the Securities and Exchange Commission requires reporting issuers to file a comprehensive disclosure document containing audited financial statements and significant legal disclosures. This disclosure is filed on Form 8-K immediately, after the reverse merger transaction is completed.

Our services include:

Advantages of APO over IPO

  • Lower costs

  • Quicker process

  • No IPO window necessary

  • Less management attention required. No risk of underwriter withdrawal. Less dilution.

  • No underwriter