Upstream to list on London AIM
Regional PR agency Upstream Asia has announced its plans to list on the London Stock Exchange AIM via a reverse takeover with listed cash shell company, Raven Capital Inc. <BR><BR> The deal will see Raven 'acquire' Upstream Asia, and then be renamed Upstream Marketing and Communications Inc, essentially creating a holding company with a market capitalisation of almost US$50 million. According to Upstream Asia CEO David Ketchum (pictured), the deal will give the network greater operational resources for continued organic growth as well as exploring potential acquisitions. <BR><BR> "It gives us a new dimension by having access to the capital markets," said Ketchum. <BR><BR> "We're growing strongly through organic growth, and we want to accelerate that growth by looking at acquiring other PR companies, web developers, online marketing companies and other financial communications companies." <BR><BR> The deal is expected to be completed by middle of October.
