Companies considering an initial public offering (IPO) say that improving corporate governance is their top challenge in preparing for an IPO, according to a series of surveys conducted by KPMG LLP, the audit, tax, and advisory firm, during KPMG-NYSE Euronext IPO Bootcamps held nationwide.
When asked to name their top three challenges in preparing for an IPO, the senior executives of companies considering an IPO who were surveyed by KPMG listed improving corporate governance (64 percent), preparation of a robust business plan (40 percent) and preparation of financial track record (36 percent).
"Making the transition from private to public company and meeting both the SEC rules and public expectations involves many steps that need to be accomplished simultaneously," said Aamir Husain, a partner in KPMG LLP's Transaction Advisory Services practice focused on IPO services. "Often, it's the small details that companies overlook that can cause headaches down the road.
See full Press Release.
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