IPO Readiness Assessment

Our aim is to increase our clients’ awareness that a well thought out plan and timetable, prepared at the earliest possible stage of the going public process, are essential for a successful and effective IPO. Issues that are highlighted at this early stage can then be tackled before the offering, potentially saving both time and money.

PwC will assess the factors affecting the company’s ability to conduct a successful IPO and subsequently function as a public company. You will receive a report comprising a summary of the requirements to be met by your company, an analysis of the current situation and our recommendations as to the further steps that need to be taken.

Our work focuses on the following areas:

Strategy

• Will the company’s corporate structure facilitate an IPO?
• Is the planned use of IPO proceeds the optimum one?

Management and communication

• Have adequate corporate governance practices been effectively implemented?
• Are the company's mission and strategy communicated in a transparent manner?
• Is a transparent operational plan for implementing the company’s strategy in place?
• Are internal control systems adequate?
• Does the company have a good reputation and public perception?

Financial information

• Scope of financial information for prospectus purposes
• Availability of financial information

Tax issues

• Comparison and assessment of possible reorganisation scenarios for the company (group) in terms of tax implications, and identification of the most tax-effective option
• Practical tax aspects of implementing the selected reorganisation scenario
• Identification of the main tax implications of the selected management incentive scheme
• Practical tax aspects of the costs incurred upon preparation of the prospectus and in the public offering

Benefits of our IPO Readiness services

• Accommodation of the company’s further development strategy to the challenges of the public market
• Better understanding of potential factors impacting on business valuation
• A transparent plan and timetable for IPO preparation and listing
• Initial recommendations regarding the company’s existing internal control system as to its effectiveness and to its adequacy for addressing significant financial reporting risks
• Preparing the company to meet the financial reporting requirements for prospectus purposes
• Initial recommendations regarding corporate governance and communication with the market
• Cost and tax optimisation during the reorganisation and at all stages of the going public process
• Better understanding of investors' expectations and ways of fulfilling them

What we provide

• Preliminary assessment of the company's ability to raise capital in the existing market environment
• A concise report summarising the current level of IPO readiness and identifying areas for improvement
• An action plan to ensure the company’s IPO readiness