For many business owners, listing on a stock exchange, for example via an Initial Public Offering (IPO), is likely to be a longer term objective.
However, it is imperative that business owners adequately plan for the future and as part of that, consider how a stock exchange listing could aid their ambitions.
For example, TISE’s approach makes it viable to go public at an earlier stage than might otherwise be possible using traditional stock exchanges but there are still requirements to be met which need to be addressed as part of the preparation for going public (‘IPO readiness’).
Who are your advisers?
Companies will often kick off the process by appointing/consulting one or more of a range of advisers, including corporate finance advisers, lawyers, accountants and tax advisers, who will be part of your team to assist through the listing process.
What type of listing?
The team will need to identify the way the company is going to be brought to market. This can be done by one or multiple methods, for example:
- an introduction
- an offer for subscription or sale
- a placing
How will any capital raising be achieved?
If the aim is to raise capital in the primary market then it is important for the company to work with its advisory team and especially the corporate finance adviser and any investor relations consultants, to attract commitments from investors, whether retail or institutional.
Are there exchange-specific advisers who need to be appointed?
Companies considering a listing on TISE should have early conversations with one or more of the approved TISE Listing Members in order to ensure the process runs as smoothly as possible.