A reverse takeover is a financial transaction that turns a private company into a publicly held company without going the traditional route of filing a prospectus and undertaking an initial public offering (IPO).

• 借壳上市是指一家非上市公司(买壳公司)通过收购一些业绩较差、筹资能力弱化的上市公司(壳公司)来取得上市的地位，然后通过“反向收购”的方式注入自己有关业务及资产，实现间接上市的目的。