Few events during the life of a technology company are more celebrated than the initial public offering. Whether the goal is to access capital markets, increase visibility and prestige, attract and reward employees, or any number of other objectives, the IPO signals a coming of age for many.
Even amid the economic tumult of the last year and a half, technology companies continue to drawsignificant amounts of capital. While activity involving special purpose acquisition companies slowed earlier in 2021, the ripple effects of the SPAC boom of 2020 continue to affect the market. Given the pandemic and other continuing geopolitical tensions, uncertainty will likely remain a factor for companies considering their public debut, but for some businesses conditions may also signal the time is right.
The IPO window can open or close with little notice. While markets move quickly, the IPO process requires significant lead time, thus it is critical for companies that see an IPO in their future to make a thorough assessment of what steps need to be taken and then develop a plan to tackle key items.
To get started, here are five considerations that should be a part of your IPO planning process and are discussed more fully in our guide to going public.