Going public is a complex and challenging process and impossible to cover in just a few pages.
This section will only cover certain highlights related to public offerings. There are a number of reasons why the management and shareholders of a company may want to become a public company. However, all options should be carefully weighed. There are so many new obligations that arise once a company becomes a public company, especially a reporting company, and the directors, officers and shareholders should understand what those obligations are.
It is vitally important that a company has advisors who can recommend the best possible course for their company to go public, including assistance in pricing the stock, structuring the underwriting, locating and negotiating with underwriters, communicating the company image, developing necessary documents, and other important areas of an effective public offering.
The first question is whether or not your company should go public. It is important to understand the advantages and disadvantages of being a public company and all should be carefully considered. Note that the following only briefly discusses the subjects. Each subject could require a comprehensive analysis.
There are several options available to companies desiring to become a public Company. Each option has its own advantages, disadvantages, state and federal requirements, time constraints, and costs involved in becoming public and remaining a public company. Very careful consideration should be given as to the method used to achieve being a public company, how it will be achieved, all of the pros and cons and which professionals will be involved, including legal, accounting, underwriters, etc.