As the IPO Window Reopens, Will Your Company Be Ready?

Tech startups and high-growth companies are returning to the IPO game after a historic public-offering drought.

U.S. IPOs raised a combined $19.4 billion in 2023, up from $7.7 billion the previous year, according to Renaissance Capital. Now, startups in healthtech and fintech are looking at pricing in 2024 — as are ventures focused on or supporting hot areas such as artificial intelligence, big data, platforms and tech infrastructure.

Yet given the continued emphasis from lenders and investors on positive cash flows, higher revenue thresholds and clear pathways to profitability, it’s critical that companies looking to list concentrate on business fundamentals and execution. That includes having a clear roadmap for future growth.

“Regardless of whether you anticipate tapping the public market in 2024 or 2025, now is not the time to stop the IPO preparation process,” says Jim Loughmiller, Senior Managing Director of CBIZ ARC Consulting, which provides specialized accounting and advisory services to high-growth companies.

Our guide features:

• Introduction: When the IPO Window Reopens, Will Your Company Be Ready?
• Five keys to IPO readiness in a changing market
• For today’s IPO hopefuls, now is the time to start tax planning
• Conclusion

CBIZ sat down with Dharti Patel, Chief Accounting Officer at Moloco, a leader in machine learning and growth solutions for performance marketers, to discuss her previous IPO experience and what companies considering one today should keep in mind.

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