Advance Planning
Careful advance planning is crucial to a successful IPO. One book suggests the following 7 advance planning steps: (1) develop an impressive management and professional team; (2) grow the company's business with an eye to the public marketplace; (3) obtain audited or auditable financial statements using IPO-accepted accounting principles; (4) clean up the company's act; (5) establish antitakeover defenses; (6) develop good corporate governance; (7) create insider bail-out opportunities and take advantage of IPO windows.
Read more about this topic: Initial Public Offering
Famous quotes containing the words advance and/or planning:
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—Thomas Jefferson (1743–1826)
“...A shadow now occasionally crossed my simple, sanguine, and life enjoying mind, a notion that I was never really going to accomplish those powerful literary works which would blow a noble trumpet to social generosity and noblesse oblige before the world. What? should I find myself always planning and never achieving ... a richly complicated and yet firmly unified novel?”
—Sarah N. Cleghorn (1876–1959)