Foley Equipped
Insights

Do you have the key elements in place to go public?

Key elements to consider include:

  • Accounting and financial reporting.
    • Have generally accepted accounting principles (e.g., US GAAP or IFRS) and related processes been implemented, and have inconsistencies been identified and resolved?
  • Internal controls and audit functions.
    • Have the Company’s financials been independently audited and prepared?
  • Tax analysis and planning.
    • Is the Company structured optimally from a tax perspective for its current size, business and operations?
  • Technology and cybersecurity.
    • Have the Company’s IP portfolio and status or registrations been reviewed?
  • Human Resources and compensation.
    • Have the Company’s benefits been reviewed and are they ready to transition to a public company?
  • Enterprise risk management.
    • Has the Company hired or contracted with an Investor Relations professional?
    • Does the Company have a consistent media and communications policy and practice in place?
  • Stock exchange listing criteria.
    • Has the Company reviewed the stock exchange listing criteria?
    • Is the Company ready to implement governance measures?
    • Does the Company believe it’s future performance will justify the costs of maintaining a stock exchange listing?
  • Legal and financial diligence.
    • Has the Company executed on a pre-IPO planning playbook, got its corporate structure in order, buttoned up contracts, organized all in an encrypted cloud-based data room?
    • Is the Company ready for the scrutiny of due diligence?

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