We recently updated our Blueprint for an IPO publication, which is a guide to help companies understand the process of going public and the new challenges they will face once their securities are publicly traded.
An initial public offering (IPO) is a transaction in which a company’s securities are offered to the general public for the first time. Companies go public to raise capital to fuel growth, pay down debt, and provide liquidity to shareholders, among other things. Going public is a corporate milestone, particularly in the era of corporate reform, beginning with the Sarbanes-Oxley Act of 2002 (Sarbanes-Oxley Act).
An IPO is both exciting and very demanding for a company’s management team. For the first time, IPO candidates face the expansive regulatory scheme administered by the Securities and Exchange Commission (SEC) and must deal with corporate governance processes that are much different than what they had as private companies. Although all issuers and offerings are different, the basic process of going public remains relatively consistent.
Bass, Berry & Sims PLC is pleased to discuss the IPO process with you. We hope to help you understand the process of going public and the new challenges that will face your company once its securities are publicly traded.
While we cannot explain every possible issue that will arise during your company’s IPO, this text identifies the key players and their roles and details the process of going public and the obligations your company will face after it is public. The newly updated guide is organized in an easy to use Q&A format detailing many of the ongoing obligations a company will face after it becomes a public company. Download by clicking here.