Proper due diligence to prepare for an IPO includes:
- Ensure all public information about the company is accurate and revised, as appropriate.
- Ensure the accuracy of minute books and stockholder records.
- Review charter, bylaws, and financing documents and contracts with existing stockholders.
- Review all material agreements, including compensation agreements and equity grants.
- Review all employment agreements.
- Confirm appropriate authorizations and exemptions from SEC registration requirements.
- Develop a data room and a plan for IPO legal and other due diligence.