This book discusses provides advanced planning steps required for a successful initial public offering (IPO) in a global environment. It outlines 11 techniques to follow in planning for an IPO: 1. Develop an impressive management team. 2. obtain audited or auditable financial statements, 3. consider accepting private equity from IPO investors, 4. adopt a stock option plan, 5. grow business with an eye toward public market, 6. show earnings and revenue growth, 7. comply with all laws, 8. Protect against takeover, 9. select independent board members, 10. Create insider bailout opportunities, 11. Take advantage of IPO windows and fads
Book Details:
- Author: Frederick D. Lipman
- ISBN: 9781119197843
- Year Published: 2009
- Pages: 288
- BISAC: BUS019000, BUSINESS & ECONOMICS/Decision-Making & Problem Solving
About the Book and Topic:
This book discusses provides advanced planning steps required for a successful initial public offering (IPO) in a global environment. It outlines 11 techniques to follow in planning for an IPO: 1. Develop an impressive management team. 2. obtain audited or auditable financial statements, 3. consider accepting private equity from IPO investors, 4. adopt a stock option plan, 5. grow business with an eye toward public market, 6. show earnings and revenue growth, 7. comply with all laws, 8. Protect against takeover, 9. select independent board members, 10. Create insider bailout opportunities, 11. Take advantage of IPO windows and fads
Planning for an initial public offering (IPO) is the best way to control costs and ensure a company’s finances are in compliance with existing regulatory guidance. Also, planning now requires deciding in what country one should go public. There is growing international competition among the exchanges for new listings. For example, Nasdaq now competes for Chinese listings with the London Stock Exchange and the Shanghai and Hong Kong exchanges. US companies are listed on the London Stock exchange to avoid Sarbanes Oxley. In 2005 the London Stock exchange had more offerings than Nasdaq. There are advantages and disadvantages to each exchange that need to be weighed in order to make the best decision.
Provides an 11 step process for planning for an initial public offering (IPO) that will maximize the chances for success. Includes guidance, international in scope, on choosing the right exchange to list on, providing pros and cons of all major global exchanges. Shows how to protect a company from a hostile take over early in the IPO process. Details when the right time is to list and when staying private may be the best strategy
About the Author
Frederick D. Lipman (Philadelphia, PA) is a senior partner with the law firm of Blank Rome LLP in Philadelphia. He has more than 40 years of experience in the areas of corporate governance, mergers and acquisitions, private equity, and IPOs. He has appeared on CNBC, CNN, and Bloomberg as a national commenatator on initial public offerings.