Considering Going Public? Start Here.
Like many of you, I subscribe to updates from several professional services firms. This morning, one from Protiviti caught my attention: their Guide to Public Company Transformation: Frequently Asked Questions.
I started reading it over coffee, and let’s just say—it wasn’t exactly “light” reading, but it was full of practical insight for anyone exploring the IPO path. If you’re considering taking your company public, it’s worth a read. But here’s my quick summary:
Key Takeaways:
- Going public is hard. It’s a long, complex process involving lawyers, consultants, and extensive internal effort.
- Going public is expensive. Beyond IPO preparation, ongoing public company compliance is a significant recurring cost.
So, why do companies go public?
Access to capital markets – Yes, it’s a way to raise capital initially and in future follow-on offerings.
Growth and credibility – Public companies often enjoy enhanced reputation, which can help attract top talent and offer competitive equity-based incentives.
Thinking about an IPO? My advice:
- Build the right team – Start with a strong CFO and CAO/Controller. You need leadership that can get your financial house in order before hiring consultants. If you have a gap in leadership or IPO experience, consider bringing in a seasoned interim resource (like me!) to quarterback the process and oversee all the moving parts.
- Engage experienced advisors – Partner with consultants and legal counsel who know the IPO process inside and out. Even with a strong internal team, external experts are essential to manage timing, filings, and regulatory expectations.
At the end of the day, going public isn’t for everyone—but having strong finance and accounting leadership is non-negotiable for success, IPO or not.
I’d love to hear about your business journey and brainstorm ideas on how I could help you succeed! Reach out to dramsier@ultimventures.com and let’s something up!
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