Going public is a monumental decision for any company. It forever changes how a company goes about doing business. A public company has access to more, and often deeper, sources of capital than a private company. The actual process of going public can be time-consuming and presents
certain unique challenges that a company should be prepared to undertake.
An initial public offering is a transformational event for an organization. The preparation for “being public” is just as important as the preparation for “going public.” A company will need to meet additional requirements and continuing obligations as a public company that may require new skill sets, additional resources and changes to the business. Thinking through these requirements in advance and developing an appropriate plan is the key to a successful entry into life as a public company and will reduce unexpected post-IPO issues.
As the number of companies looking to access the equity markets continues to grow, we are publishing this fifth edition of Roadmap for an IPO, which address the US IPO process and the impact of going public.
This publication contains information that a company will need when it debates whether to go public or to pursue alternate means to finance growth. The purpose of the guide is to help companies make informed decisions by addressing factors such as the advantages, disadvantages, costs, timing, and alternatives to going public. It outlines the process of going public and discusses the registration and ongoing reporting requirements of a public company. Finally, the guide summarizes the most significant accounting, compensation, and tax-related considerations of going public.