Going public through an IPO is often a key moment in the transformation of a company into a vastly more significant and formidable enterprise, outstripping its unlisted peers.
This major step can involve a change of mindset. It is not merely about compliance with listing rules. A public company is run for the benefit of a wider group of stakeholders than a private one and caters to their needs accordingly.
This change of corporate approach impacts the thinking and behaviour of the Board of Directors and senior management. It is vital to recognise the need for this adjustment and manage the way in which it is implemented well ahead of listing.
Areas of the business that typically need to be enhanced prior to a listing include: