IPO Advisory

Is everyone on the same page?

Initial Public Offerings are inherently complex undertakings, further complicated by the often competing interests of the various participants. Our extensive experience and unbiased advice not only evens the playing field for our clients and their shareholders, it can provide the following tangible benefits:

• Decrease management time commitment and reduce distraction.
• Help control transaction costs.
• Maximize valuation and offering proceeds.
• Reduce liability exposure.

As a result of our extensive IPO experience, we can help our clients achieve their objectives at each stage of the IPO process. As an extension of your senior management team, we can provide additional bandwidth and advice in each of the following:

• Clarifying Objectives. Clarifying your objectives for the IPO process is a critical first step on the road to a successful offering.
  
  
• Investment Bank Selection. Building your underwriting team, defining their objectives and coordinating their execution can be tedious and often do not receive the attention that they deserve as key steps in the IPO process.
  
  
• Materials Preparation. Preparing the array of materials for an IPO can be very time consuming and a significant management distraction. Streamlining the materials preparation process is imperative.
  
  
• Process Oversight. The IPO process involves many participants, resulting in the opportunity for complications and delays. We act as a process coordinator and overseer, ensuring that each participant in your IPO performs at their optimal level.
  
  
• Pricing Advisory. The IPO offering price is often the result of an active negotiation between the company and its underwriters. We can be an important source of independent, objective pricing information.

The importance and complexity of the IPO process calls for a proactive management approach – one that anticipates the required level of effort and competing priorities of the various participants. By providing unbiased, experienced advice, we help our clients develop and implement an objective and defendable IPO process, navigate the often competing interests of the various participants, reduce the burden on limited management resources, and provide critical process quality control.