1) IPO readiness
Save time and costs and increase transaction
certainty by adopting a structured approach
to your IPO journey
2) IPO readiness
Are you ready...
The first step in the
EY’s IPO readiness service is the first step in what we describe as
the “IPO value journey” and is designed to guide your company
through a successful transformation from private to public status.
Achieving readiness will ensure a strong debut in the capital markets.
Getting IPO readiness right means implementing change throughout
the business, organization and the corporate culture. As a public
company, you will be subject to increased filing requirements,
transparency, compliance, scrutiny by investors and analysts,
and overall accountability for delivering on promises. Successful
businesses start to prepare typically 12 to 24 months before
the IPO — in many cases with an IPO readiness assessment.
Benefits for stakeholders
1 Save time...
...by gaining insight into
your capital-raising options
EY's IPO readiness service helps you
decide which options best fit your
business strategies and objectives,
delivers an IPO base case and builds the
road map to enhanced value. It helps
to further set up and improve the right
infrastructure and processes to get
IPO-ready. It is a good foundation for
an important milestone in the funding
strategy of many companies.
2
IPO readiness
2 Reduce costs...
...by achieving transparency
on how to get IPO-ready
We help you, as an owner or manager,
map out the organizational changes
required to successfully execute
an IPO or other capital transaction
in one integrated approach.
3) IPO value journey
Planning
2
1
Prepare
Options
12-24 months
Execution
3
Timing
6-12 months
4
Right
team
4-6 months
5
6
Realization
Infrastructure Governance Investor
relations
2-4 months
Pre-IPO
8
9
Roadshow
10
9
Investors
and analysts
7
Deliver
2-4 weeks
1 week
30 days and beyond
IPO
1-2 months
Post-IPO
certainty...
3 Increase transaction
4 Share knowledge...
The right team, the right story,
the right timing and the right pricing.
At EY, we see every IPO as a structured
process of transformation that
maximizes transaction value. It is an
important step in the life cycle of
the businesses we serve.
We present all the specific requirements
of your IPO and provide you with an
ideal opportunity to address questions,
share knowledge and train your team.
...in unpredictable IPO markets
...and train your team
Save time and costs and increase transaction certainty by adopting a structured approach to your IPO journey
3
4) IPO readiness
...to take every step of the IPO journey?
Structured process
1
Assessment
workshop
An assessment workshop covers all areas specific to the IPO case: strategy,
structures, taxes, financials, internal systems, functions, leadership and the
planned timeline. We work hand in hand with you to identify and discuss any gaps
that need closing on your IPO value journey. We also discuss strategic funding
considerations and develop an initial target structure and IPO base case in line
with your objectives.
A tailor-made and integrated approach
Strategy
Structures
• IPO value journey
• Issuing company
• Company level
• IPO destination
• Group structure
• Shareholder level
• Equity story and
offering concept
• Maintenance of
influence
• Transaction level
Financial
Timing
• IPO windows
• Plan B options
• Internal
ressources
IPO readiness
8 assessment modules
Leadership
Functions
• C-suite and board
of directors
• Investor relations
• Remuneration
• Committees
• Corporate
governance
4
IPO readiness
Taxes
• Compliance ofï¬cer
• External reporting
• Forecasting
• Prospectus
Systems
• Internal controls
• Enterprise risk
• Compliance
management
The IPO
readiness
assessment
workshop can
include up to
eight modules
tailored to
your specific
needs.
5) and deliverables
2
Diagnostics
and gap analysis
We compare the target structure with the current structure
to reveal any gaps. We analyze these in greater detail in
individual follow-up workshops and clarify the time, content
and resources required to close them. These results are
then used to develop the plan for the work leading up to the
multitrack option/IPO.
3
Unpredictable IPO
markets make
IPO readiness and
internal preparation
more important
than ever. Be ready
to kick-start
execution when
the IPO window of
opportunity opens.
IPO readiness
result report
The IPO readiness result report defines the strategy that
lays the foundation for further discussions and multitrack
readiness checkpoints, visualizes the gaps between your
current status and IPO target-ready status, and recommends
work streams and a road map. It also estimates timelines and
resources required to fill the gaps and achieve IPO readiness.
Save time and costs and increase transaction certainty by adopting a structured approach to your IPO journey
5
6) IPO readiness
Why work with
a market leader?
EY is the number one organization by audit share for helping highgrowth companies to list publicly. With 30 years of IPO experience,
we know what it takes to be ready for an IPO. We leverage our
international credentials to provide the guidance needed to address
the priorities and mitigate risks.
Our global network gives us a presence in each capital market and
an external network of capital market intermediaries, regulators
and exchanges.
Our IPO leaders network provides access to a deep pool of knowledge
and experience to help anticipate the risks and navigate through
the challenges of life as a public company. We have interdisciplinary
teams with market-specific knowledge to facilitate cross-border IPOs
and overseas listings.
EY’s IPO services
• IPO readiness assessment
analyzing the gaps for market
eligibility
• IPO destination advisory
finding the right marketplace
6
IPO readiness
• IPO prepare services preparing
infrastructure for pre- and post-IPO
• Integrated IPO execution
services to launch a successful IPO
and floatation
7) Your contacts
We look forward to talking to you in person.
Europe, Middle East, India,
Africa
Dr. Martin Steinbach
+ 49 6196 996 11574
martin.steinbach@de.ey.com
MENA
Anil Menon
+ 965 9786 3077
anil.menon@kw.ey.com
MENA
Mayur Pau
+ 971 56 655 4034
mayur.pau@ae.ey.com
Global
Maria Pinelli
+ 44 20 7980 0960
maria.pinelli@ey.com
IPO readiness
We recommend an IPO readiness
session with our IPO leaders based in
your country. Built on EY’s position as
the number-one facilitator in bringing
companies public, this workshop is
designed to guide your company through
a successful IPO transaction and includes
guidance on assessing the right IPO
destination.
Our IPO Center of Excellence
Visit ey.com/ipocenter and find
valuable guidance for your IPO journey.
Access our IPO knowledge, events,
tools, thought leadership, webcasts,
facts and figures and contact details
of our regional IPO leaders around the
world in one easy-to-use source.
Americas
Jacqueline Kelley
+ 1 949 437 0237
jacqueline.kelley@ey.com
Asia Pacific
Ringo Choi
+ 86 755 2502 8298
ringo.choi@cn.ey.com
Japan
Shinichiro Suzuki
+ 81 3 3503 2510
suzuki-shnchr@shinnihon.or.jp
Save time and costs and increase transaction certainty by adopting a structured approach to your IPO journey
7
8) EY | Assurance | Tax | Transactions | Advisory
About EY
EY is a global leader in assurance, tax, transaction
and advisory services. The insights and quality
services we deliver help build trust and confidence in
the capital markets and in economies the world over.
We develop outstanding leaders who team to deliver
on our promises to all of our stakeholders. In so doing,
we play a critical role in building a better working world
for our people, for our clients and for our communities.
EY refers to the global organization, and may refer
to one or more, of the member firms of Ernst & Young
Global Limited, each of which is a separate legal
entity. Ernst & Young Global Limited, a UK company
limited by guarantee, does not provide services to
clients. For more information about our organization,
please visit ey.com.
The MENA practice of EY has been operating in the
region since 1923. For over 90 years, we have evolved
to meet the legal and commercial developments of
the region. Across MENA, we have over 5,000 people
united across 18 offices and 13 Arab countries, sharing
the same values and an unwavering commitment
to quality.
© 2013 Ernst & Young.
All Rights Reserved.
ED None
This publication contains information in summary form and is therefore
intended for general guidance only. It is not intended to be a substitute
for detailed research or the exercise of professional judgment. Neither
EYGM Limited nor any other member of the global EY organization can
accept any responsibility for loss occasioned to any person acting or
refraining from action as a result of any material in this publication. On
any specific matter, reference should be made to the appropriate advisor.
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