IPO Preparation Checklist

An IPO is a major event in the development of a tech company. It creates value for its founders, employees and customers. It also sets new rules, regulations and standards that have not been imposed on the company as private company. To be successful, you need to be well-prepared. This begins with a comprehensive checklist of ipo.

The first step is to establish an efficient system that allows the business to keep an uncluttered financial report that can stand against the scrutiny of shareholders and regulators. This is a priority for the CFO team and should be addressed well before the IPO timetable. This typically means implementing an automated reconciliation process to eliminate the manual errors in the data, making sure that the company is in line in achieving IFRS and US GAAP compliance, and setting up necessary committees on the board such as audit special finance, compensation, and audit.

A strong management team is also important. They will be able manage the growth plans for the business when it goes public. This is typically the most important aspect in addition to financial, to take into account when preparing for an IPO. Investors want a strong leadership team that has proven their ability.

The final step is an IPO readiness evaluation should be conducted by a knowledgeable advisor and/or auditor to determine the status of internal controls accounting practices, financial controls, and other issues that will have to be addressed prior to the IPO can take place. It is recommended to conduct this early in the IPO process so that deficiencies can be remedied before being disclosed to investors and the SEC.

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