The months leading up to an IPO are both exhilarating and exhausting. But what happens after day one? Here’s what the bankers and advisors typically don’t tell you: Getting to the IPO is the easy part.
That’s because “Day 2” for a newly public company is a whirlwind of shifting priorities, non-negotiable deadlines and new compliance challenges. Earnings reports, regulatory filings, analyst and investor guidance and taking the necessary steps to comply with Sarbanes-Oxley (SOX) are just a few examples of the tasks that define a company’s post-IPO commitments—and all of these things need to happen alongside the day-to-day demands of scaling a successful business.
It all adds up to a massive workload for a team that probably didn’t have much extra bandwidth to begin with. That’s why the first step to hitting your stride as a successful, well-managed public company is knowing what needs to happen next and how to stay ahead of these new requirements.