IPO Preparation Checklist

最后更新于：2024-05-20 20:57:42

Benjamin Franklin is credited with the old adage “By not planning, you prepare to fail.” When private companies begin their IPO process, it is a crucial moment that requires a meticulous and strategic preparation to be successful.

The management of this complicated and highly regulated process can be overwhelming and time-consuming for any team. The IPO process involves a variety of partners, including investors, bankers, underwriters and investors. It is crucial to provide a well-articulated equity narrative that will meet market expectations, and provides potential investors with the possibility of aligning with the growth trajectory of your business.

One of the first steps in IPO preparation is to conduct an IPO readiness test, which considers the way a business will appear like once it is publicly listed. This allows teams to identify any gaps that must be addressed prior to the IPO date. Most venture-backed firms don’t have financial reports that meet the requirements of compliance with the public company. A IPO readiness test will identify this issue, and help legal and finance teams to correct this issue prior to when the IPO process begins.

Once the initial preparation work is complete now is the time to begin getting ready for regular regulatory disclosure reporting. This includes obtaining access to the Securities and Exchange Commission’s (SEC) EDGAR filing system. It’s also important to establish a working group within the IPO team to work with your law firm to draft EDGAR and the iXBRL instances documents. This will include a person who will be responsible for uploading exhibit files to the SEC and cooperating with your financial printer/SEC filer.

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