Underwriter
In today’s marketplace it is very difficult for a small to medium sized company to attract an underwriter. By this I mean if you are raising under $100 million for an IPO. There is a reason that the average IPO over the last four years raised an average of $200 million. Since the introduction of Sarbanes Oxley in 2002 most underwriters have gravitated to safer and much larger IPO underwritings. Investment bankers no longer are willing to take large risks on unproven technologies or business models. You can no longer go public based upon an unproven “concept”. If you can not attract an underwriter DO NOT waste your money trying to do a self underwritten IPO.
There are other ways to accomplish your goals. We will cover those alternatives in later blogs.










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