
The market for initial public offerings (IPOs) can be volatile. Favorable conditions for going public can vanish as quickly as they arise. Careful pre-IPO planning is critical. The plan must consider the tasks and the timing of the tasks required to go public and operate in public. The company must be prepared to perform in the glare of the public spotlight.
For privately held companies, "being public" – choosing to act as a public company – may yield tangible, financial value regardless of whether or not there is an IPO in the works. The preparation that goes into it provides a strong foundation for managing the company well and may produce the benefits of:
If you are considering taking your company public, or playing a role in an initial public offering, consider the impact on all areas of the company to create the competence, confidence, and performance that maximize the value of the IPO.