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A regular IPO process typically requires a significant amount of preparation. Nonetheless, the level of demand and planning period for the IPO is highly dependent on the type of offer and market of the listing, being considerably more demanding in the case of admission to the Regulated market.
Usually, the IPO process is developed in 4 phases, namely Planning, Preparation & Review, Offering & Placement and Post-Listing:
Once you are knowledgeable about the required steps and are accompanied by the right advisors throughout the process, you should be able to navigate the IPO process with relative ease.
In this Chapter you will find a detailed description of the first 3 phases which culminate on the IPO and first listing of the securities.
[Post-Listing to be covered in Chapter “Life as a Listed Company”]
A comprehensive timeline detailing main events during the process is presented here [link to full timeline].
In order to ensure sufficient transparency and protection to the potential investors, regardless of what is the target market, a company wishing to carry out an IPO shall prepare and disclose a presentation document to the public. The format and detail of the information that is needed to be disclosed will vary depending on the chosen market and the amount of the Public Offering.
Elements are subject to change and formats will be:
Both types of presentation documents are governed exclusively by legal and regulatory provisions and aim at supporting investors in making an informed decision on whether to invest in the shares offered.
In the following sub-chapters it will be described the typical IPO process and respective steps that need to be taken to conclude an IPO when a Prospectus is required.
In chapter 4.1.4. we will present the main differences of the offering process when no Prospectus is required.
