Every once in a while on the blog, we’re going to highlight a particularly compelling piece from our BetterIR newsletter. This month, we look back at a piece from April, in which we explored the role of Investor Relations throughout the IPO Process.
From April’s BetterIR: Navigating the IPO Process from the IR Suite
As a result of the bull market in equities seen over the last several years, the IPO market has been extremely active. According to Robert Lurie of Ipreo’s Capital Markets team, “2013 saw 214 IPOs come to the market raising $59.4B in capital, marking the best year for IPOs since 2004, when 233 companies debuted and took in $50.8B.” (Figure 1 Below).
With all the new public companies coming to market, corporations have been in need of quality investor relations, and many of our readers and clients have filled those IR roles. In order to research best practices for investor relations for an IPO, Ipreo interviewed several investor relations professionals with recent IPO experience along with an experienced member of the underwriting community. While the investor relations process leading up to an IPO is similar to that of a public company with a longer history, there are certainly some nuances and tips that may prove to be useful.
Read the full piece, and other articles from our April issue, including Hedge Fund Industry trends, on IpreoInk.