An IPO is a major milestone in the lifecycle of a tech firm and 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 adhered to as a private business. To succeed, you must be prepared. This begins with a comprehensive ipo checklist.

The first step is to establish an efficient system that allows the business to keep an accurate financial record that stands up to the scrutiny of regulators and shareholders. This is a top priority for the CFO’s team, and should be addressed prior to the IPO timeline. This includes implementing an automated reconciliation procedure to eliminate mistakes in data, making sure that the company is compliant with IFRS and US GAAP, and setting boards committees like the audit and compensation committees, as well as special finance.

Another important aspect is having a well-established management team that will be capable of executing the growth plans of the company as it transitions to becoming public. This is usually the most important factor other than financial to consider when preparing for an IPO. Investors are looking for a leader team that has shown their capabilities.

An experienced auditor or designdataroom.com/ma-data-rooms-for-modern-deals-2022 advisor is required to conduct an IPO readiness test to determine the state of internal control, accounting practices, as well as other issues that must be addressed before the IPO. This assessment should be performed early in the IPO to allow any deficiencies to be corrected before they are reported to investors or the SEC.