what is a shell company
A shell company can also mean a company that has never had a business (and certainly not a listing). In this context it often means what is also called a shelf company.These are incorporated purely to sell off-the-shelf.his is a listed shell, and is almost always what is meant by a reference to a shell in an investment context. Given that it takes time and money to obtain a listing, a listed shell has significant value even if it does not have any assets. Listed shells are therefore often the targets of reverse takeovers.