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Overview of the Process of "making public" anonymous company.
Anonymous company could realize an IPO:
I. In order direct (people), without the mediation of a bank, broker or specialized for this purpose.
II. Through a bank (or several), or broker specialized for this purpose (signatories), or
The first method is less costly and represents the direct sale of titles by anonymous company to potential investors. In general, direct initial public offerings are appropriate for small societies. But even in this case, their registration will be done in accordance with all rules of registration imposed by the Financial Supervision Authority.
Generally, most of IPO done with the second way. In this case, join stock company requires service investment bank, or other specialized intermediaries, who assume to prepared company for IPO-in (consultancy) and the sale of securities of company in public (signing).
Based on current financial market conditions in our country, where banks do not offer the above service (consulting) anonymous company should:
a) to require service of a consultant (specialized for this purpose), which undertakes the preparation of company for IPO. An example here might give the case of privatization of AMC mobile company, where the state (as its former owner) international institution selected IMI as a consultant (specializing in offering such services). IMI had prepared all necessary documentation required for the privatization of AMC, and prepared the prospect (see further) of company.
b) requires service investment bank for signing and sale of IPO's.
|What should company practically realize IPO|
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