Our support for companies going public

PricewaterhouseCoopers provides support at every stage of the listing process. We provide services either as an advisor to management and owners, or as an independent auditor responsible for providing opinions and verification of financial information in the prospectus.

We have been involved with the equity and debt offerings of a wide range of Russian companies. As part of this process, we work in teams that include investment banks, law firms, auditors, financial advisors and other parties involved in the listing process. We understand the importance of close cooperation with the company and other consultants, and believe this is essential for a successful IPO.

We have a broad and in-depth knowledge of standard global practices for public offerings and capital market operations.

Our global network of advisors allows us to continually analyse developments and trends in markets across the world, and we take advantage of this possibility in the interests of our local clients. We do not use universal solutions, but instead take an individual approach to each situation. Our knowledge and experience help you to develop solutions and practices for operating in capital markets that are tailored to your specific needs.

To become a publicly traded entity, a company must improve the transparency of its operations and develop a long-term business strategy. Our services in this area can add value even if you ultimately decide not to go public.

Going public

Stage I
IPO readiness assessment

Stage II
Assistance in developing infrastructure

Stage III
Technical assistance in preparing for the public offering

Stage IV
Ongoing support for the public company

Advisory services provided throughout the IPO process

IPO readiness assessment

• Preliminary analysis of the possibilities and objectives of raising capital through an IPO
• Analysis of various instruments including Global Depositary Receipts (GDRs)
• Analysis of the key success factors for an IPO
• Development of a preliminary plan and timetable for the IPO process
• Defining the scope of historical financial information for the prospectus
• Tax analysis for the IPO and potential pre-IPO restructuring
• Initial recommendations regarding corporate governance and the exchange of information on the market

• Support in converting financial statements to IFRS, US GAAP or other financial reporting standards
• Preparing the company to meet financial reporting requirements for the prospectus
• Tax advisory services during restructurin
• Corporate governance advisory service
• Support developing and assessing the internal control system, including the financial reporting process

• Assistance preparing the prospectus
• Company valuation for IPO purposes
• Assistance identifying the optimum offering structure (including tax issues)
• Analysis of financial instruments from a tax and legal perspective
• Prospectus review for compliance with European regulations
• Training on US and European prospectus regulations

• Support with financial reporting
• Advice on compliance with regulations and standards, including the Sarbanes-Oxley Act
• Support preparing secondary offerings
• Advice on shareholder value management
• Advice on investor relations management
• Advice on creating a tax-effective structure to finance business operations
• Development of tax-effective incentive schemes for management

• Audit and review of historical financial information in the prospectus
• Public reporting on profit forecasts and other estimates
• Public reporting on pro forma financial information
• Reporting on the issuer’s working capital
• Support for other parties involved in the transaction (e.g., comfort letters)
• Due diligence on behalf of the underwriting bank
• Reporting on the issuer’s financial reporting procedures