eBook: IPO Readiness Checklist
Be prepared to scale for growth, boost financial resilience, and eventually take your company public with this IPO Readiness Checklist.
This IPO readiness checklist will guide you as you seek to:
- Establish resilient and streamlined financial processes
- Create the best team to steer your company to a successful IPO
- Minimize risks to maximize stability, agility, and growth
- Prevent fraud and maintain control of financial processes
- Boost and facilitate regulatory compliance
Boost Your Companies Financial Health with These 5 Actions in Advance of Going Public
What is the best way to prepare your company to eventually go public? Having spent many years helping businesses across the globe prepare for this momentous step, we decided to gather our expertise into this guide, which is also based on the results of a survey of 562 finance decision makers regarding their readiness for an IPO.
Even if you don't plan to take your company public anytime soon, it's always important to ensure that your financial house is in order, plan ahead for compliance, and start to act as if you are already public. The sooner you start this process, the better.
Our 2022 global survey of 562 finance decision-makers at organizations with revenues of $250 million to $1 billion and beyond investigated the financial readiness of companies looking to IPO. The findings reveal that nearly 80% of fast-growing businesses have delayed or are planning to delay their IPO, with the majority postponing it by between 6-18 months. Coupa works with a large number of organizations that use our cloud-based Business Spend Management (BSM) platform to prepare and manage their financial data before, during, and after an IPO.
The last mile to an IPO can be the most critical period, as the company needs to meet all regulatory compliance and auditing checks required for listing on the stock markets, as well as withstand increased scrutiny from investors and financial institutions.
1. Establish robust and scalable financial processes: Do you have matured and automated systems in place that can support your company’s growth?
2. Mitigate risks that could impact business continuity: Are you able to identify and mitigate risks that could set back the IPO or result in reputational harm?
3. Establish a trusted IPO team: Do you have an experienced set of people in place who can guide and shepherd the company through an IPO?
4. Establish clear financial controls that hinder fraud and misuse while protecting future shareholders: Are you able to identify suspicious activities and prevent fraud?
5. Ensure your financial processes are compliant with audits, regulations and due diligence: Are you ready to meet the demands of quarterly reporting and satisfy any regulatory requirements for your market, such as the US Sarbanes–Oxley Act?
Get more detail on each of these five action steps in our eBook, the IPO Readiness Checklist.