RTO Project Management

Once a decision to go public has been made, an Initial Public Offering (IPO) is not always the best path follow. Backdoor listings (or reverse takeovers) are sometimes a more more suitable course to take. Backdoor listings can offer benefits associated with capital structure flexibility, cost, speed to market, escrow provisions and other matters. In consultation with our Corporate Services Division, Cicero Advisory can provide clients with advice and assistance in the connection with their backdoor listing including:

  • capital raising
  • identifying suitable listed structures for backdoor listings
  • negotiations regarding pricing and structuring
  • management of the backdoor process
  • acting as an observer on the Due Diligence Committee to ensure any significant items of interest to the client which are identified are communicated effectively to the clients' Board
  • engagement of lawyers and independent experts with the purpose of providing reports for inclusion in the Prospectus (IGR, IAR, IER)
  • liaising with and co-ordination of ASIC and ASX matters arising as part of the backdoor listing
  • preparation of and reviewing the prospectus for the capital raising
  • roadshow and investor presentation management
  • providing the client with continuing support and advice as is necessary

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