Season Two: Episode Four – How companies can raise capital through an initial public offering and the five biggest surprises that often come along the way.
Episode Description: Joe Slochowsky (Fordham Law ’19) and Philipp Kirschbaum (Fordham Law ’19) interview James Shea (Fordham Law ’09), formerly Special Counsel at Sullivan & Cromwell LLP and now Of Counsel at Paul Hastings LLP. They discuss the five surprises that often come on the road to the IPO.
- [:30] Joe Slochowsky and Philipp Kirschbaum introduce themselves and define the IPO.
- [3:43] An overview of the IPO process.
- [9:27] James Shea discusses the five biggest surprises on the road to IPO, starting with systems and personnel.
- [11:08] Reasonable timelines for putting systems in place.
- [14:03] Contractual obligations that will come with the IPO.
- [16:10] Tag-along and drag-along rights and roadshow requirements for management.
- [19:05] Considerations for dual class voting.
- [23:53] Understanding the role and relationship of the underwriter.
- [28:24] Selecting an underwriter during a ‘bake-off’ and sizing a board of directors.
Mentioned in This Episode:
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