The public offering of a company's shares and the commencement of trading on Borsa Istanbul is not a one-step process. This process involves a series of stages starting from the preparation stages before the public offering, the realisation of the public offering and the transactions to be carried out afterwards. Proper management of this process by companies helps to maximise the benefits to be derived from the public offering.
The IPO process may vary depending on the structure of the company and market conditions. However, generally, this process may take between 6 and 18 months. Therefore, an adequate preparation period is of utmost importance for the timely realisation of the IPO target. A good preparation period is necessary for both the internal structure of the company and external audits to function properly.
When companies decide to make an initial public offering (IPO), they should take into consideration several critical steps for the successful completion of this process. Firstly, the necessary preparations should be made to ensure that the company passes the examinations to be carried out by the Capital Markets Board (CMB) and Borsa Istanbul in a fast and effective manner. At this stage, receiving consultancy services will allow the process to be managed more effectively and accurately.
At the beginning of the IPO process, a working committee consisting of the senior executives of the company and the managers of the finance, accounting and public relations departments should be formed. This committee should be in constant communication with the consultant, hold regular meetings about what needs to be done during the process and evaluate the progress. Work plans should be prepared, the areas of responsibility of each unit should be determined and time plans should be made. In this way, everyone's duties and responsibilities are clearly defined throughout the process.
The main areas to be considered while preparing for the public offering process are the accounting, financing and legal status of the company. Preparations to be made in these areas ensure that the public offering process is built on solid foundations from the very beginning. In addition, the organisation of reports on the company's financial position, past performance and future goals is important to gain the trust of investors.
The public offering process is a planning and preparation process. Proper management of each stage of this process will increase the success of the company's IPO. With good consultancy support, companies can complete the IPO process more efficiently and quickly, and achieve their long-term growth and development goals.