Page 162 - Initial Public Offering - An Introduction to IPO on Wall Street

their energies on the statement of registration. This process demands that a company assess its
business fully and validates all statements in the statement of registration.

For instance, if a business states that it would have substantial first-mover and time-to-market
benefits as a technology solution in the internet postage market, the business must be able to
back up the statement. This is important to know because such evidence may be demanded by
the Securities and Exchange Commission (SEC).

Additional details that need to be discussed or revealed may also be uncovered in this analysis.
In addition to reviewing the registration document, business officers and key staff may also be
interviewed by the underwriters and lawyers for both parties.

This will include a detailed discussion of the business and marketing strategies of the
organization, its sales forecasts, road map for product growth, and portfolio of intellectual
property, with a focus on identifying possible pitfalls.

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