Technology companies undertaking capital raisings can approach the world’s capital markets in various ways. Through an initial public offering (IPO), listing either in its home jurisdiction or cross-border, a technology company can access major global finance hubs and capital from a deep pool of investors around the world.
A company may have a choice to list either via a traditional IPO or, alternatively, via a business combination with a special purpose acquisition company (SPAC), which is already listed. This is also known as a de-SPAC transaction. A detailed comparison of some of the features and requirements applicable to de-SPACs in a number of jurisdictions across the regions is available in Baker McKenzie’s Global SPACs Guide.
An IPO can help a company raise its profile with customers, suppliers and the media, as well as providing it with an opportunity to improve internal systems and controls, and increase the general operating efficiency of the business as it prepares to comply with the relevant regulatory scheme for public companies.
This guide will provide you with:
- An overview of the key stages of the process, and an indicative timeline.
- A who’s who as regards the IPO deal team.
- Practical tips to help you achieve a successful IPO.
- Key considerations to bear in mind when choosing your listing venue.
- Key issues and listing requirements that should be considered when preparing for an IPO.