The road to IPO starts now: 7 steps for going public the right way
Don't let today's market fluctuations prevent you from preparing to go public. The IPO process can take up to two years, and careful planning is critical. Even if an IPO is not on the immediate horizon, early-stage companies and startups benefit from putting in place good governance practices well before being publicly listed.
“Make sure you’re behaving like a public company before you’re a public company," says Bonnie Hyun, US Head of Capital Markets, NYSE.
Going public brings new scrutiny and new demands — from shareholders, from regulators and from customers — that many companies simply aren't ready for. Putting governance best practices in place now, well ahead of the IPO, prepares your organization to address these demands. Implement governance best practices as an early-stage company or startup, and you'll set yourself up for long-term success and scalability that lasts years beyond the IPO.
Good governance begins with the 7 steps in this checklist, including:
- Establishing a high-performing board of directors
- Preparing to comply with SOX
- Properly managing your subsidiaries
Download this free checklist — and nail the transition from private to public.