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So you’re ready for an IPO. But do you have the correct team in place to get it done right? No two teams are alike, but for most IPO readiness efforts, three key skill sets are essential.
The Chief of Staff Think of this role as the air traffic controller for the IPO readiness effort. This leader has the vision and the plan to execute all of the day-to-day tasks that must be completed in order to reach the right gates on time. Chances are this ringleader has been through an IPO before. This person might be the Controller, the CFO, or one of the company executives—or just someone who knows what needs to happen.
The Accounting Geek While this may be an oversimplified title for such a skilled technician, it gets to the point. Every IPO team needs someone who understands the complexities and intricacies of the latest accounting rules for public registrants. The rules change (sometimes significantly) when making the shift from private company to public entity. Being able to work between the auditors and internal finance team to manage this type of change is critical.
The Chief Hustler Every successful IPO readiness effort needs a dedicated go-getter—the person who will race around to meet deadlines, generate reports, create spreadsheets, get documents signed, and finish tasks under tight time limits. This go-to resource burns the midnight oil and does what it takes to get the job done.