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An IPO is one of the most significant milestones in the development of a tech business and is a symbol of value for founders as well as employees, customers and. It also sets new rules, regulations, and standard that may not have been put on the company by a private entity. To be successful, you need to be well-prepared. This begins with a thorough ipo checklist.
The first step is to create an efficient system that enables the company to keep a clean financial record that will stand in the eyes of shareholders and regulators. This is a top concern for the CFO’s team. It should be addressed well before the IPO timeline. This often includes creating an automated reconciliation procedure to eliminate any errors made by hand in the data, making sure that the company is in line in achieving IFRS and US GAAP compliance, and creating the necessary committees for board members such as the audit, compensation and special finance.
A solid management team is equally important. They will be able execute the growth plans for the company when it goes public. This is typically the most important non-financial factor to consider when preparing for an IPO. Investors are looking for a management team that has shown their capability.
The final step is an IPO readiness assessment should be conducted by an experienced advisor and/or auditor to determine the condition of internal controls accounting practices, internal controls, and other issues that will need to be rectified prior to the IPO can take place. This assessment should be conducted at the beginning of the IPO to allow any shortcomings to be addressed before they are reported to investors or the SEC.