Dimitris Constantinou-Shipping Finance - The IPO (Initial public Offering) Journey
The IPO JourneyEuropean Maritime WeekShipping Finance23 May 2013Dimitris ConstantinouLeader of Ernst & Young Global Shipping Network
The IPO JourneyPage 2Overview► Types of financing► Bank financing► Private equity► Equity markets► IPO Journey
The IPO JourneyPage 3Initial Public Offering (IPO)►A journey of transformation from a successfulprivate company to a successful publiccompany that continually delivers value to itsstakeholders.►The IPO event is a component of the valuejourney and generally lasts 90 to 120 days,whereas the value journey usually begins ayear or two before the IPO and continues wellbeyond it.
The IPO JourneyPage 4IPO Journey A structured and managed processReadiness phaseIPO execution phaseIPO realization phaseBuildingthe rightmanagementandadvisory teamsBuilding yourbusiness andfinancialprocessesandinfrastructureEstablishingcorporatestructureand governanceManaginginvestorrelationsandcommunicationsDeliveringaneffectiveroad showPreparingfor theIPO journeyKeepingyouroptionsopenTimingthemarketAttractingthe rightinvestorsandanalystsDeliveringonyourpromisesRenew/re-create
The IPO JourneyPage 5Benefits► Increased shareholder value► More capital to sustain growth► Increased opportunities forfuture financing► Path to mergers andacquisitions► Increased credibility withpotential customers, suppliersand employees► Enhanced corporate image andincrease employee participationObligations► Keep shareholders informed /meet expectationsBusiness operationsFinancial conditionRisk management► Time and money► Periodic reporting andregulatory compliance► Corporate governanceIPO
The IPO JourneyPage 6IPO Journey Transformation►Organizational change►Leadership and management readiness►Transparency/disclosure►Ownership structure/control►Delivering on promises