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Turning a privately owned enterprise into a publicly traded company through an Initial Public Offering (IPO) is a rigorous process that demands the efforts of skilled professionals drawn from legal, accounting and underwriting backgrounds. Your advisors and accountants need to work together to deliver the best product and a successful IPO for our company. We have done this many times before and can help you take your company public.
So where do you start? How do you navigate the complex route to becoming a public company? And is it worth doing?
Preparation for an IPO includes careful consideration of the pros and cons, a thorough understanding of the process, a well-thought-out business plan, strategic orchestration of action and delivery in a tight timeframe. Then, when the market window opens and the time is right, you're ready.
How can we help you
Our IPO Services team includes professionals with technical skills and industry experience to help you better understand what it takes to "go public," guide you through the entire IPO process, and equip you with what you need to meet your obligations as a successful public company.
Like any journey, going public requires careful preparation. We have solid experience helping companies in a variety industries prepare for the IPO process. Learn more about how we can help:
Have you fully evaluated whether going public is your best option? Have you explored alternatives? Which stock exchanges should you consider?
We can help with this important first step by assessing your company's readiness to go public and the actions necessary to proceed.
- Review your objectives and capital needs
- Make sure you're aware of the advantages and disadvantages of going public
- Ensure you know all the options available
- Offer guidance on stock exchanges in Canada and the U.S. (including SEC requirements)
- Assess your company's financial statements and reporting systems
- Provide insight into costs and cultural changes that will be involved
- Explain the entire process and pitfalls in detail
- Establish a reasonable timetable
Our IPO professionals will work closely with you to "get your house in order" and make the transition from a private enterprise to a public company.
- Ensure your financial statements are in order and are ready for the prospectus
- Advise on necessary management restructuring
- Assist in the establishment of an IPO advisory team
- Provide guidance on professional relationships for an IPO
We can also help you plan for the consequences of public life:
- A corporate governance gap analysis prepares you for the requirements of managing a public company and assists in enhancing shareholder value. We evaluate your company's actual or planned corporate governance practices and policies against securities and listing guidelines, identify weaknesses and recommend remedial action.
- Our tax check-up helps you maximize the tax advantages and minimize the tax costs of going public. We review the tax consequences of going public, the potential risks and planning opportunities, and the proactive measures you need to take.
- A financial controls review provides the understanding you need about your company's systems to be ready for the reporting demands of a public company. We assess your internal controls, highlight areas of potential risk and provide recommendations for improvement.
The offering phase is a juggling act in a tight timeframe. As part of your IPO team with your underwriter and legal counsel, our IPO professionals will have the in-depth knowledge of your company to:
- Review your preliminary prospectus for internal consistency
- Ensure the presentation of your financial statements and other financial data meets with all disclosure requirements
- Provide financial information and assistance in drafting the critical Management Discussion and Analysis (MD&A) in your prospectus
- Anticipate and respond to issues raised by regulators both in Canada and the U.S.
- Participate in the due diligence process
- Prepare for necessary disclosure and reporting requirements necessary as a public company