Yeah. It takes 1-3 years to restructure a company for a listing in China so where's the market going to be at that point? They have to eliminate the BVI/Cayman holdco and then collapse the VIE. Then an onshore IPO requires no change in corporate structure in the past three years. A reverse merger can be completed faster, but Focus Media shows that can encounter problems too.
I think the deals at a cheap price like PWRD are safe. High priced stuff like QIHU is riskier. And what about MOMO, trying to go private just six months after going public?
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