3.1 The IPO Journey - Issuer's Guide

10 results for "Category: 3.1 The IPO Journey"

3.1.3. IPO Costs

Although it has significant advantages for the Company, the IPO process will involve costs that must be considered. The total direct cost of the operation varies greatly depending on the size of the fundraising, the market capitalisation of the Company, the context, and the choice of advisors. The direct costs comprise the fees due to […]
3.1.2.3. Offering and placement

3.1.2.3.1. Management Roadshow The Management roadshow refers to a series of sales presentations pitched by the Company’s Management together with the Financial Advisor(s) and Placement Financial Intermediary(ies) to a wide range of potential Institutional Investors, allowing them to have a closer contact with the Company and, ultimately, to lead them to participate in the IPO. […]
3.1.2.2. Preparation

3.1.2.2.1. Adapt corporate governance structure and internal compliance functions The Company has to adopt the legal type of a public limited Company (local designation “Sociedade Anónima” or “S.A.”), to be able to execute the IPO. Differently from the admission to trading on a regulated market, admission to trading on an MTF generally will not demand […]
3.1.2.1. Planning

Even though the Company must prepare itself to become a public Company, given the more simplicity of the process and the lower requirements applicable to the admission to trading on an MTF market, the planning phase will mostly focus firstly on assuring the IPO is the best option for obtaining the intended financing and, if […]
3.1.2. Simplified Scope IPO Process (IPO without Prospectus)

This Section was prepared to show potential Issuers that an IPO – with a Public Offering covered by one of the exemptions from preparing and disclosing a Prospectus or with a Private Placement – followed by and admission to trading on an MTF – can be, comparatively, a simple process and potentially requires less changes […]
3.1.1.3 Offering and placement

Following the publication of the Prospectus, the public offer period begins and, if a Private Placement is also being held, the order book opens to collect orders from the Institutional Investors. This normally takes between 2 and 3 weeks.
3.1.1.2 Preparation

The preparation phase may take between 6 to 3 months before finalizing the process of going public. The length of this period depends on several aspects, in particular, the stage of the Company’s development, the governance and internal organization it has already in place. What are the necessary preparation steps you need to take?
3.1.1.1. Planning

Your company is on the rise, and to reach your full potential, you consider an IPO as your next step. But is your Company prepared to operate effectively as a public company? Successful IPO candidates will begin the transformation process well in advance. Companies that outperformed the market after an IPO often start planning to […]
3.1.1. Full Scope IPO Process (IPO with Prospectus)

If the admission to trading of your Company’s shares takes place on a regulated market and/or if the IPO takes place through a Public Offer, the Company needs to prepare and disclose an EU Prospectus (unless any of the exemptions referred apply). This section aims to present to potential issuers the roadmap to follow in […]
3.1.0. The Road to Equity trading

The process for a first admission to trading of shares (generally known by the English acronym “IPO” or Initial Public Offering) requires some preparation. The level of demand and planning required for an IPO depends on a number of factors relating to the issuer itself, such as the stage of development its Company is at, […]