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:
“It is in vain that we would circumscribe the power of one half of our race, and that half by far the most important and influential. If they exert it not for good, they will for evil; if they advance not knowledge, they will perpetuate ignorance. Let women stand where they may in the scale of improvement, their position decides that of the race.”
—Frances Wright (1795–1852)
“In the planning and designing of new communities, housing projects, and urban renewal, the planners both public and private, need to give explicit consideration to the kind of world that is being created for the children who will be growing up in these settings. Particular attention should be given to the opportunities which the environment presents or precludes for involvement of children with persons both older and younger than themselves.”
—Urie Bronfenbrenner (b. 1917)