The public offering of a company also goes by the relative term of IPO. Once the investment banking house or banker begins the IPO process a most precise set of steps occur. The selected underwriter or investment banker is responsible as to the proper facilitation of all phases of the process.
1–An IPO team is formed. The group consists of the underwriting organization—in this example–the investment banking house; a lawyer or lawyers, CPAs, and SEC consultants.
2—Informative data, regarding the organization, is compiled. The relative data includes the: financial performance of organization; and the futuristic operations of the company. The preceding data becomes part of the prospectus of the company. The Prospectus is, summarily, circulated for review.
3—The financial statements of company are provided in order to be officially audited.
4—The prospectus of the company is filed with the Securities and Exchange Commission or SEC. The company pre-arranges a fixed date as to its offering.
Martin Lustgarten—Exclusive Notes:
Martin Lustgarten is CEO of Lustgarten Martin. Mr. Lustgarten has made investment banking his career for the preceding twenty-year period. He resides in Miami, Florida and is a respected member of the Miami business community. He is considered the perfect “go to” individual when a savvy businessman or woman wishes to attain the services of a reputable investment banker.
Mr. Lustgarten enjoys all collectibles which are vintage or retro in nature. He states that he appreciates objects of great beauty with value attached. He is expressive in his views with regard to items of antique art. His expression, in this regard, is formulated, more fully, by way of his activity associated with trading vintage watches.