Rimini Street Finally Finds Its Way to Wall Street
January 15, 2018 Alex Woodie
As 2017 was coming to a close, Rimini Street quietly completed its quest to become a publicly traded company. But the firm, which provides third party support for DB2 for i and JD Edwards customers, didn’t go public through an initial public offering. Instead, it landed a listing on the Nasdaq by acquiring a company that already had one.
In October, Rimini Street completed the merger with GP Investments Acquisition Corp, a so-called “blank check” company that was formed in 2015 specifically for the purpose of effecting a merger or acquisition in the United States or Europe. The company had …Read more