How a company goes public with an IPO
Process map by Brian. 11 steps, 1 layer. Tags: business, finance, stocks, ipo.
- The company: Decide to go public and hire banks
- Investment banks: Audit and prepare the books
- The company: File a detailed public document with the regulator
- The SEC regulator: Review and ask questions
- The SEC regulator: Is the filing complete and honest?
- Investment banks: Roadshow: pitch the stock to big investors
- Investors: Say how many shares they would buy at what price
- Investment banks: Set the price the night before
- Stock exchange: Trading opens and the price finds its level
- The company: Now reports to the public every quarter
- The company: Fix and refile