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:
“They [women] can use their abilities to support each other, even as they develop more effective and appropriate ways of dealing with power.... Women do not need to diminish other women ... [they] need the power to advance their own development, but they do not “need” the power to limit the development of others.”
—Jean Baker Miller (20th century)
“Judge Bedford: Planning on having children?
David: Naturally.
Judge Bedford: Good, then I know what to get you for a wedding present.
David: Yeah? What’s that?
Judge Bedford: A vasectomy.”
—Dale Launer (b. 1953)