Advance Planning for Sponsor-Backed IPOs
A successful and efficient private equity-backed IPO requires advance consideration of a medley of interrelated legal and business matters. The authors discuss a number of these they find most important, including JOBS Act accommodations, auditor independence, public communications, internal controls, and stockholder arrangements. They also discuss issues of corporate governance, accounting, and management/consulting agreements. The key to a smooth transition, they find, is a head start on preparation.