Going public vs. being public

The value of IPO readiness

Companies seeking to go public need to spend a significant amount of time planning and executing their IPOs. While it is clear that legal and regulatory requirements must be met, adopting leading practices can make the process run more smoothly. Companies are advised to start early and consider planning even during a downturn. Their readiness assessment should include an analysis of their KPIs including financial reporting, management reporting, corporate governance, and systems and processes. They should implement infrastructure changes that will help them meet SEC filing requirements, and financial statements should meet public company standards before a planned filing. These and other practices will help make the IPO process less disruptive and help the newly public company to run more smoothly.