IPO

Preparing for due diligence

Whether a company is seeking private financing, participating in an acquisition or undertaking a public offering process, the other parties to the transaction will conduct a investigation of the company in varying degrees. Due diligence is the process of independently identifying and verifying information that either must be disclosed in offering or acquisition documents or is otherwise relevant to an understanding of the company’s business. Due diligence may also include an evaluation of the company’s operations, management, finances, , legal matters and prospects, and, in an IPO process, an assessment of the company’s readiness and ability to function as a . A due diligence investigation will vary in scope and comprehensiveness depending on the transaction in question — a follow-on investment by existing investors may require little, if any, due diligence, while the due diligence process in an acquisition or public offering is aimed at leaving no stone unturned. Read More...

Taking your company public

The decision to go public is a critical one. involves a substantial commitment of financial and management resources and cannot be easily reversed. Picking the optimal time to start an IPO process is something of an art because it depends on two elements being present at the same time: (1) the company must be ready for the IPO market and (2) the public markets must be willing to invest in IPO companies like the company. Since the company cannot control the latter factor, companies wishing to go public need to put into place a number of necessary items that potential  and public investors will expect so that when a market window does open, it is ready to take advantage of the opportunity. Read More...