Page 6 - Initial Public Offering - An Introduction to IPO on Wall Street
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4.4.9 Financial Printer ............................................................................................................. 73
4.4.10 Other Professional Advisors ....................................................................................... 73
4.5 Preparing the Registration Statement.................................................................................... 74
4.5.1. Getting the Registration Statement Ready ........................................................................ 74
4.5.2 Filing Form S-1 .................................................................................................................. 74
Part I—Information Required in the Prospectus ......................................................................... 74
Part II—Information Not Required in the Prospectus ................................................................ 82
4.6 Navigating the IPO Process .................................................................................................. 82
4.6.1 Typical Execution Timeline ........................................................................................... 83
Holding the all-hands meeting .................................................................................................... 83
Performing Due Diligence .......................................................................................................... 84
Timeliness of Financial Information and Going “Stale” ............................................................ 85
The Waiting Period ..................................................................................................................... 87
Responding to SEC Comment Letters and Preparing the Amended Registration Statement ..... 87
“Red Herring” or the Preliminary Prospects ............................................................................... 87
Financial Analyst Meetings or Roadshows................................................................................. 88
Negotiating and Signing the Price Amendment and the Underwriting Agreement .................... 89
Holding the Closing Meeting ...................................................................................................... 91
4.7 Preparation for Life as a Public Company ............................................................................ 91
4.7.1 Understand Your Reporting Obligations ....................................................................... 91
SEC-Designated Filer Status....................................................................................................... 91
The Forms to Prepare .................................................................................................................. 92
Preparation for a Reporting Calendar ......................................................................................... 93
6/30/x1 Fiscal year 20x1 second quarter-end........................................................................... 95
Maintain Investor Enthusiasm .................................................................................................... 95
4.7.2 Maintain Regulatory Compliance .................................................................................. 96
Comply with XBRL Reporting ................................................................................................... 96
Provide Timely Disclosure of Material Information .................................................................. 96
Comply with Safe Harbor Provisions ......................................................................................... 97
Restrict Trading on Non-Public Information .............................................................................. 98
Perform Fiduciary Duties ............................................................................................................ 98
4.8 NASDAQ Listing Requirements .......................................................................................... 98
4.8.1 What is NASDAQ? ........................................................................................................ 99
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