Timeframe to Go
Public.
3. The stock exchange review
process:
Each of the stock exchanges
have a different review process. Generally, there are no
stock exchange concerns if you satisfy all of the SEC
requirements. However, the stock exchanges will look at
different factors, including the number of shareholders,
amount of capital invested and the relationship between and
among all shareholders. One of their primary issues is to
ensure that no individual or group controls the
'public-float'. The review and comment process with the
stock exchange is similar to that of the SEC. It can last
between two weeks and three months, depending on the company
and its advisors.
The
"Timeframe to Go Public" article is certainly not intended
to be an all encompassing review or analysis of all the
different steps involved in taking a company public.
However, it is intended to provide more detail to the major
components.
If handled properly, it should take an average company
between six and nine months to go public via an initial
public offering (IPO) or direct public offering (DPO) - if
it is coordinated and managed properly.
It is very important to hire knowledgeable, experienced and
qualified professional advisors to keep each of the parties
involved in a going-public transaction on track and on
budget.