I recently read http://ift.tt/2kJInVJ
Some ice tea company bought some fitness apparel company (which was founded in 2013) which was listed on the Nasdaq http://ift.tt/2CWiHBd For being listed on Nasdaq they have to have a 4$ per share valuation (currently 0.05$), they are just a startup without a product or any sales.
As an European that sounds completely crazy. Could someone explain me: 1) How does a company without any sales (start up) even get publicly listed? 2) Who buys these shares? 3) who even advices/manages those IPOs? I guess no major bank is touching that, so who is?
Thanks!
Submitted January 09, 2018 at 07:22AM by ElectraHK http://ift.tt/2AJqE6w
