How DFIN helped dual-listed Opthea Limited optimize their company disclosure and SEC filing processes | The Insider
March 2023
Accelerate the IPO Process
An IPO can be a long, demanding and complicated process that will have long term implications for your company. Our IPO solutions and experts help you successfully navigate the intricacies and prepare for life as a public company. Are you ready?
Choose the global leader
When it comes to capitalizing on key moments in the IPO process, DFIN leads the way – and we have the numbers to prove it.
Over the last six years, DFIN
Filed
700+
Traditional IPOs
Partnered on
70%
Traditional IPOs valued at
≥ $100M (US-based issuers)
Serviced
350+
SPACs
Supported
Majority of PE and VC-backed IPOs
Client success
Some of the many global clients DFIN helped accelerate through the IPO listing process.
Consumer
Technology
Finance
Healthcare
Preparation, planning and the right IPO software solutions are critical to success.
IPO Timeline
Preparation
Pre-Filing
Initial submission of S-1
Roadshow
Pricing/Trading
Life Post IPO
IPO Timeline
Preparation
12 - 18 Months
- Prepare work plan for IPO readiness
- Assess financial statements and evaluate audit firm
- Assess internal resources (accounting, FP&A, legal, IR)
- Evaluate need for third-party advisers
- Consider structural decisions (e.g., corporate, tax, compensation)
Pre-Filing
4 - 6 Months
- Engage lead underwriters
- Prepare S-1
- Equity story/investment thesis
- Historical financial statements & MD&A
- Risk factors/legal sections
- Financial model
Initial submission of S-1
3 Months
- Confidential submission of S-1 and SEC review process (typically ~12-14 weeks)
- Teach-in with syndicate analysis
- Prepare roadshow presentation
- Publicly file S-1 at least 15 days prior to launch of roadshow
- Finalize IPO documentation
- Organizational and governance documents
- Listing application
- Underwriting agreement
Roadshow
2 Weeks
- Finalize preliminary prospectus with indicative price range
- Launch roadshow (typically 7-10 trading days)
Pricing/Trading
Trade date
- Price IPO after market close at conclusion of roadshow
- Begin trading next day after pricing
- Close third trading day after pricing
Life Post IPO
Regulatory Compliance and Reporting
- Extensive quarterly reporting required
- SOX compliance
- Annual reports and recent events
- Proxy Statement, Annual Meeting
Explore client results
CASE STUDY
Execute a successful IPO with management and staff working from secluded locations See results
CASE STUDY
How we helped a Cambridge headquartered biotechnology company accelerate its IPO journey See results
CASE STUDY
How we supported the hyper-growth strategy of China’s leading e-commerce giant See results
Starting financial reporting early is key to a successful IPO
Drive efficiencies and optimize your financial reporting with new ActiveDisclosure.
- Streamline S-1 reporting as you prepare for your IPO
- Reduce costs & financial risks
- Develop the robust systems needed for life as a public company
- Leverage our 24/7/365 financial expertise
We have prepared our unaudited interim condensed consolidated ginancial statements included herein pursuant to the rules and regulations of the: Securities and Exchange Commission. Certain information and I note disclosures normallv included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted pursuant to these rules and regulations, although we have strong thoughts that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed consolidated financial statements contain all adiustments
We have prepared our unaudited interim condensed consolidated ginancial statements included herein pursuant to the rules and regulations of the: Securities and Exchange Commission. Certain information and I note disclosures normallv included in annual financial statements prepared in accordance with accounting principles generally accepted in the U.S. have been condensed or omitted pursuant to these rules and regulations, although we have strong thoughts that the disclosures made are adequate to make the information not misleading. In our opinion, the unaudited interim condensed consolidated financial statements contain all adiustments
Get in touch with us for support, pricing or more information.
or
call +1 800 823 5304
Explore the latest IPO & Public Listing Report
"
Enthusiastically we close the door on 2022; a year filled with SPAC liquidations and withdrawals, merger terminations, and very few IPOs. Slowly we expect the IPO window to open in 2023 with high-quality growth companies bringing much needed inspiration to the capital markets."
Craig Clay, President, Donnelley Financial Solutions
Access our complete guide to IPOs
Considerations for Business Owners and Executives Taking Their Company Public
Expedite all regulatory reporting
Expedite all regulatory reporting
Streamline your process with leading-edge software that makes IPO reporting easy and fast. Draft within Microsoft Word and Excel, distribute proofs in seconds, and track every change with complete control over your documents.
Built-in compliance capabilities, including r-tagging, hyperlinking and automated submission headers, ensure you’re ahead of SEC mandates and your own deadlines.
Prioritize privacy and compliance
Prioritize privacy and compliance
Safeguard and share your most sensitive documents with all your stakeholders. Our easy-to-use virtual data rooms include privacy scans, contract analytics and auto redaction for full transparency and SOX compliance.
Leverage our best-in-class partnership ecosystem
FloQast builds cloud-based software that helps manage accounting departments by centralizing the workflow, assigning tasks, maintaining supporting documentation, and automating reconciliations.
Integrating enterprise business systems like Netsuite with ActiveDisclosure enables customers to directly connect the datasets they need into a central hub of trusted data, with powerful linking, auditability and control features.
Cision is a leading global provider of earned media software and services to public relations and marketing communications professionals.
Cision software allows users to identify key influencers, craft and distribute strategic content, and measure meaningful impact.
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Case Study
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October 2022
12-18 months
- Prepare work plan for IPO readiness
- Assess financial statements and evaluate audit firm
- Assess internal resources (accounting, FP&A, legal, IR)
- Evaluate need for third-party advisers
- Consider structural decisions (e.g., corporate, tax, compensation)
4-6 months
- Engage lead underwriters
- Prepare S-1
- Equity story/investment thesis
- Historical financial statements & MD&A
- Risk factors/legal sections
- Financial model
3 months
- Confidential submission of S-1 and SEC review process (typically ~12-14 weeks)
- Teach-in with syndicate analysis
- Prepare roadshow presentation
- Publicly file S-1 at least 15 days prior to launch of roadshow
- Finalize IPO documentation
- Organizational and governance documents
- Listing application
- Underwriting agreement
2 weeks
- Finalize preliminary prospectus with indicative price range
- Launch roadshow (typically 7-10 trading days)
Trade Date
- Price IPO after market close at conclusion of roadshow
- Begin trading next day after pricing
- Close third trading day after pricing
Regulatory Compliance and Reporting
- Extensive quarterly reporting required
- SOX compliance
- Annual reports and recent events
- Proxy Statement, Annual Meeting
Unlock a stronger workflow with secure virtual communication channels and flexible technology.
Access leading SEC experts 24/7/365 for guidance in the moments that matter.
Ensure accurate and audit-ready documentation with built-in compliance capabilities.
Prepare standout materials with advanced composition systems, on-demand resources and an unrivaled print platform.
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