借壳上市

借殼上市

jièké-shàngshì

phrase

Meanings

1 to go public via a reverse merger
2 backdoor listing (using a shell company)

Characters

Examples

这家公司通过借壳上市登陆 A 股。

Zhè jiā gōngsī tōngguò jièké shàngshì dēnglù A gǔ.

The company went public on the A-share market through a reverse merger.

监管部门加强了对借壳上市的审查。

Jiānguǎn bùmén jiāqiáng le duì jièké shàngshì de shěnchá.

Regulators have tightened review of backdoor listings.

Tips

usage

借壳 literally 'borrow a shell' — acquiring a listed shell company to bypass the IPO queue. Often used when IPO queue waits are long or the firm can't meet standard listing criteria.

Stroke Order

借 jiè

壳 ké

上 shàng

市 shì