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Article: Looking overseas; The pros and cons of going public on foreign stock exchanges.(Supplement)
- Article from:
- Crain's Detroit Business
- Article date:
- April 23, 2007
- Author:
CopyrightCOPYRIGHT 2007 Crain Communications, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Tom Henderson
When CEOs of Southeast Michigan startup companies look for capital at the monthly meetings of the Great Lakes Angels or meet with venture-capital firms, they will invariably be asked about their exit strategy - how and when investors can get their money back and realize a profit.
"There was probably a prejudice in the 1990s to thinking initial public offerings were the best way to go,'' said Justin Klimko, a shareholder of Detroit-based Butzel Long P.C., and a specialist in mergers and acquisitions and securities law. "Now, there's so much private-equity money out there, it's easier to find a strategic buyer, and that's become more ...