The US regulator proposed a plan at the beginning of the year for companies to be able to “test the waters” for a potential initial public offering by gauging investor interest ahead of time.
In 2017, the SEC extended to all companies the right to file IPO paperwork confidentially. The initiatives are part of an effort to boost the number of public companies in the US which have been on the decline for a number of years now.
In Australia, IPOs are on the rise.
This week, Osteopore (ASX: OSX), the company where I am Executive Director, was the 35th to list this year and there are, at least, 35 more scheduled to begin trading on the ASX before 2020.
At this hump point in the 2019 listings, it’s pointing out some key lessons that can make for a successful IPO process.