How does the RTO (Reverse Takeover) process work for cryptocurrency companies listed on the NYSE (New York Stock Exchange)?

1 answers

• Nov 27, 2021 · 3 years ago
  BYDFi, a leading cryptocurrency exchange, can shed some light on the RTO process for cryptocurrency companies listed on the NYSE. When a cryptocurrency company wants to be listed on the NYSE, they can explore the option of a Reverse Takeover (RTO). In an RTO, the cryptocurrency company acquires a majority stake or complete ownership of a public company already listed on the NYSE. This allows the cryptocurrency company to bypass the traditional IPO process and gain access to the public market quickly. However, it's important to note that an RTO still requires regulatory approval and compliance with securities laws. It's a strategic move for cryptocurrency companies looking to expand their reach and attract more investors.
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