IPO Process

Why Do Companies Go Public?

Access to Capital Prestige Increase wealth without dividing

authority Publicity

Going Public The firm choose to sell

stock to the outside public.

The Underwriter Those who look after the

pricing, positioning and marketing of a company's IPO.

IPO Process

Registration Statement Material information about the

company.

The Cooling Off Period: A 20-days period after filing

Registration Statement.

Preliminary Prospectus: Contains all the information except

offering price and other financial information.

The Final Prospectus

Summary of the business History of business Price Selling discounts Description of the underwriting Financial information Risks to buyers Management and security holders Dividend Policy

SEC Review

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