An IPO is a major event in the history of a tech company. It provides value to its founders, employees, and customers. It also creates an entire new set of rules, regulations and standards that the company may not have been held to as a private company. The key to success is to be prepared and that begins with a complete ipo preparation checklist.

The first step is to have a fully-functional system that allows the company to maintain an unblemished financial report that can stand up to the scrutiny of regulators and shareholders. This is a key concern for the CFO team and should be addressed long before the IPO timetable. This means implementing an automated reconciliation process to eliminate any errors in data, as well as ensuring that the company is in compliance with IFRS and US GAAP, and setting the board committees, such as the audit and compensation committees, as well as special finance.

Another important aspect is having a strong management team that will be able to execute the growth plans of the company when it becomes public. This is usually the most important non-financial element to consider when preparing for an IPO. Investors are looking for a leader team that has demonstrated their ability.

An experienced advisor or auditor is required to conduct an IPO readiness test to determine the current state of internal controls and accounting practices and other issues that need to be addressed prior to the IPO. It is recommended to conduct this assessment early in the IPO process to ensure that any issues are designdataroom.com rectified prior to being divulged to investors and SEC.