When considering an Initial Public Offering (IPO), companies often focus on the steps needed to file with the SEC but lose sight of the broader issue of preparing to be a publicly traded company. An IPO is not just a transaction but rather a transformation.
Successfully filing a Form S-1 with the SEC is an important step in the IPO process, and it involves careful preparation and a series of key activities. Companies generally require expert direction and assistance from many external advisors, each with its own critical role, responsibilities, and timelines. Coordinating these interdependent timelines into one integrated work plan is instrumental to the success of the transaction. Additionally, preparing to be a publicly traded company is truly an entity-wide transformation, often requiring each function of a company to mature to address the challenges of operating as a public company.
Our IPO Readiness Assessment evaluates your company’s preparedness to file a registration statement, as well as how prepared you are for life as a public company. Our assessment culminates with the delivery of an IPO Readiness Report, including a customized roadmap for achieving public company readiness.
The MorganFranklin Way™
We believe that the key to becoming a successful public company is two-fold. Preparing a successful filing to access the capital markets at the right time—with the right story and with reliable and accurate financial information—is just the initial phase. The second, and perhaps more challenging phase, is preparing for life as a public company.
Because it’s easy to underestimate the time and capital required to execute a successful IPO, MorganFranklin helps pre IPO companies develop an integrated roadmap, addressing both the steps for executing an IPO, as well as transforming into a public company. Regardless of whether a company enters the market through a traditional IPO or a special purpose acquistion company (SPAC) transaction, we work in lockstep with our clients to assist with critical activities, including:
Filing with the SEC
- Drafting SEC-compliant disclosures
- “Stepping up” to PCAOB-compliant audits
- Drafting the Management’s Discussion & Analysis and developing KPI metrics
- Addressing technical accounting and SEC “Hot Topics”
- Evaluating new accounting standards
- Responding to SEC comment letters
Life as a Public Company
- Assessing and implementing technology
- Creating an SEC reporting function
- Reducing financial statement close time
- Standing-up an FP&A function
- Preparing for compliance with the Sarbanes-Oxley Act