Initial Public Offerings: A Practical Guide to Going Public

What Experts Are Saying


Leading securities practitioners, C-level officers, entrepreneurs, venture capitalists, investment bankers, accountants and academics agree that Initial Public Offerings: A Practical Guide to Going Public is the ultimate IPO resource that the business world has been waiting for. Hailed as the definitive guide for those embarking upon an IPO for the first time, the book has also been greeted as an eye-opener even for those who have spent years in the IPO trenches.

Securities Practitioners

If an IPO were a place, this book would be its Baedeker. Both informative and entertaining, this book draws on a wealth of personal and institutional knowledge and experience to explain and demystify the IPO process. All participants in the process—even the hardiest veterans—will find something in this book that they didn’t know before they picked it up. I know that I did.
Keith F. Higgins, Partner, Ropes & Gray LLP

Now more than ever, IPOs must be led by people who have an intense knowledge of the issues that arise and how a deal gets done. This superb book shares some of the most useful information on that topic that I have seen, and does so with a highly practical and readable approach that never needlessly veers into the legalistic.
Stanley Keller, Partner, Edwards Angell Palmer & Dodge LLP

An extraordinary achievement, this book is truly the roadmap to successful completion of any IPO. Now more than ever, executives, directors and advisors need comprehensive guidance to avoid the potential pitfalls of the IPO process—and to be ready for the intense scrutiny that accompanies public company life. No other IPO resource puts so much critical information together in one easy-to-use format.
David M. Lynn, Partner, Morrison & Foerster LLP; former Chief Counsel, SEC Division of Corporation Finance

There’s nothing I like more than practical guidance. And this book sure fits the bill as a detailed step-by-step guide that every practitioner should have. A perfect starter’s kit.
— Broc Romanek, Editor of TheCorporateCounsel.net


There is no better practical tool for anyone needing an in-depth, step-by-step guide to the IPO process. Anyone embarking on the IPO road will benefit from the book’s insights on dealing with the SEC, and from its practical advice on every business and corporate governance issue that must be addressed in taking an enterprise public.
— Larry Sonsini, Chairman, Wilson Sonsini Goodrich & Rosati

An invaluable and comprehensive resource for the experienced practitioner and novice entrepreneur alike.
— Richard D. Truesdell, Jr., Partner, Davis Polk and Wardwell LLP 

CEOs

This book unravels the intricate and often perplexing mysteries of the IPO process in a cogent, straightforward fashion, and will serve as an indispensable guide for first-time or repeat IPO executives and board members. CEOs should keep this book at their side from the moment they first seriously consider an IPO… and will soon find it dog-eared with sections that inspire clarity and confidence.
— Don Bulens, CEO of EqualLogic at the time it pursued a dual-track IPO


A successful IPO hinges first and foremost on the management team’s ability to understand and navigate the complexities of the process. This book is a CEO’s toolbox filled with practical insights that enable you to stay well-informed and tightly organized, and to master the details without losing sight of your objective. It should be required reading for any executive team planning to go public.
Michael R. Davin, Chairman and CEO, Cynosure

This is the ultimate comprehensive and readable book covering the IPO process and corporate governance basics. Having completed two IPOs and one dual-track process that resulted in a sale of the company, I consider this a “must read” for corporate executives, board members and private equity investors contemplating an IPO or other liquidity event.
Royce Holland, Executive Chairman, Masergy Communications; former CEO, Allegiance Telecom and McLeodUSA

Public Company Directors

This guide takes the mystery out of the IPO process and makes it understandable to lawyer and layman alike. It should be required reading for management and boards of any company contemplating a public offering. This book sets the standard against which any future IPO guide will be measured.
David B. Elsbree, director of Acme Packet and Art Technology Group; retired audit partner, Deloitte & Touche

A veteran of four IPOs as CFO or Audit Committee chair, I was humbled by how much I learned reading this book. Initial Public Offerings: A Practical Guide to Going Public can help save any company substantial expense, accelerate the process and lead to a more successful IPO, and is indispensable for anyone with an IPO in their future.
Ernest L. Godshalk, director of GT Solar, Hittite Microwave and Verigy; retired President, COO and director of Varian Semiconductor

CFOs

This book demystifies the entire IPO process, from A to Z. It is incredibly easy to find what you are looking for and, most importantly, to quickly understand the subject matter. Whether you are a C-level executive, a seasoned practitioner or Joe the Plumber, you will benefit greatly from having so much pulled together in one organized spot.
— Greg Beecher, CFO, Teradyne; former audit partner, PricewaterhouseCoopers LLP


This book consolidates in one place information I had to gather from multiple sources as my last company prepared to go public. It takes the mystery out of the process, and provides real-world guidance on what you need to worry about and when. For anyone pursuing an IPO or dual-track strategy, this book is a must.
Rip Haak, former CFO, EqualLogic and Enterasys Networks

Nothing completely prepares one for the challenges of the IPO process other than having done it before. This book will serve as an excellent basic educational tool for some and a great reference book for all involved in the IPO process. I highly recommend that all C-level officers involved in an IPO keep a copy nearby.
— Paul Milbury, Vice President of Operations and CFO, Starent Networks; former CFO, Avid Technology


General Counsel

This book is a welcome and important resource for every corporate executive and general counsel faced with the exciting and challenging prospect of an initial public offering. I wish this book had been available when our company had its IPO. I would have found this practical guide invaluable then, and I highly recommend it to anyone contemplating an IPO now.
Douglas C. Barnard, General Counsel, CF Industries Holdings; former partner, Kirkland & Ellis LLP

I wish this book had been around when our company went through the IPO process. As the general counsel, I spent countless hours seeking the information that is collected in this single volume. The author lays out the nuts and bolts of the going public process, as well as real world advice not found in other guides. This is the “IPO playbook” that the general counsel of any company that intends to go public will keep on his or her desk and refer to often.
— John F. Milton, former General Counsel, EqualLogic

To be truly useful, an IPO guide must not only provide clear and concise “black letter” legal guidance, but must also cover the process, personalities and pitfalls involved with going public. This book hits on all cylinders. It is an indispensable reference for any general counsel going through an IPO, whether for the first time or the tenth, and a must-read for any company with aspirations of going public. I wish I had this book when my company went public!
Rick M. Olin, General Counsel, TechTarget; former General Counsel, Workscape and SpeechWorks International

Venture Capitalists

An outstanding resource for anyone involved in or preparing for an IPO.
— Patrick J. Cammarata, General Counsel, Highland Capital Partners


The essential IPO guide for venture capitalists and the companies they fund. An instant classic.
Jonathan A. Flint, Co-Founder and Managing General Partner, Polaris Ventures

This book is a comprehensive and essential resource for any company considering going public. Directors, officers and in-house counsel of emerging companies will find a wealth of practical information (from incorporation to public company) presented in an interesting and extremely readable format.
— Lisa Bonner Haines, former General Counsel, Charles River Ventures

An IPO is often seen by entrepreneurs and their investors as the ultimate achievement in the development of a company. This highly readable book gives management teams a thorough, understandable overview of the complex IPO process and how to survive it.
— William S. Kaiser, Partner, Greylock Partners

Investment Bankers

Today’s IPO market is vastly different than that of the go-go years of the 1990s, and participants need to re-educate themselves on the new world order. This book dissects every key element of the modern IPO process and provides a framework that should be reviewed by all parties—bankers, lawyers and executive management teams.
M. Benjamin Howe, Co-Founder and CEO, America’s Growth Capital

In almost 30 years of service to publicly traded companies, as outside counsel, CLO, CFO and now as an investment banker, I have never seen a more complete, readable, well-organized and reliable guide to the IPO process. This book is the perfect blend of legal, business and real-world insight into one of the most important events in a company’s corporate life. Don’t go public without it!
Ethan E. Jacks, Managing Director, Silverwood Partners; former executive officer, Avid Technology; former partner, McDermott, Will & Emery

Growing regulatory complexity and volatile markets have made IPO-related decisions more complex and critical than ever. This book provides a comprehensive yet practical and useable guide to the IPO process—and will be invaluable to the CEO, CFO and Board members of any company that is planning to go public.
Christopher T. Pasko, Senior Managing Director—Corporate and M&A Advisory Services, The Blackstone Group

An IPO is the most important event in a company’s life. This essential guide provides private companies and their boards with a powerful resource for successfully navigating the IPO process.
Kathleen Shelton Smith, Founder and Chairman, Renaissance Capital LLC

An IPO can be frightening, confusing and frustrating for first-timers and old-timers alike. This book pulls back the curtain and methodically dissects each aspect of the process in an easy-to-understand manner. I’ve never come across a more thorough, practical—and even engaging—IPO guide. This book is an essential resource for executives, board members, venture capitalists and others preparing to take the IPO plunge.
Brian Truesdale, Managing Director, Technology Investment Banking, Deutsche Bank Securities

A thoughtful, clear and comprehensive overview of the IPO process. A must-read for company executives, securities lawyers and capital markets professionals alike.
John Tyree, Managing Director, Morgan Stanley

Accountants

An IPO is challenging enough, so why go in unprepared? This readable and accessible book is a prerequisite for anyone interested in going public, covering every step of the IPO process and the necessary preparations leading up to it.
— David G. Wyand, CPA, Shareholder, Caturano and Company, P.C.

Over the last 20 years, I have read most, if not all, of the books on IPOs. Without a doubt, this book is the best. It reminds me of Sunday brunch at the Rainbow Room in New York City: a fantastic smorgasbord of information—pick and choose what you want; you will not be disappointed!
— W. Anderson Bishop, CPA and Executive Vice President, The SEC Institute

Entrepreneurs

An entrepreneur needs foresight, common sense and a touch of luck to build a business for an eventual IPO. I found all this and more in this book. By distilling vast experience into practical guidance, and presenting it in an engaging, easy-to-follow style, this book will enable business managers to grow their companies while avoiding the missteps that can hamstring future IPO plans.
Greg Carr, Entrepreneur and Philanthropist; Co-Founder and former CEO, Boston Technology; former Chairman, Prodigy Communications

Having spent decades as a “serial entrepreneur,” I can safely say that I have never seen a resource that is more comprehensive and insightful about the process of preparing for and completing an IPO. This information is invaluable—worth potentially thousands of times the cost of the book. Anyone involved with a company that plans to go public simply cannot afford to be without it.
Scott Jones, Founder, Chairman and CEO, ChaCha Search

Academics

IPOs have a special place in business and legal practice. This book will be a valuable and highly useful resource for all those who practice and participate in this critical process.
— Lucian Bebchuk, Friedman Professor of Law, Economics and Finance and Director, Program on Corporate Governance, Harvard Law School

At last, a useable, soup-to-nuts book on the mechanics of the IPO process. It is an invaluable resource for any capital markets attorney, as well as a must read for any general counsel at a company about to venture forth into the public markets.
— Steven M. Davidoff, Associate Professor of Law, University of Connecticut School of Law, and New York Times “Deal Professor”

If you need one book on the public offering process, this is it. This masterful work explains the financial, governance and legal realities of the IPO process from a perspective valuable to entrepreneurs, first-time issuers, young attorneys and grizzled veterans alike. Chock full of pragmatic insights, the book lays bare obscure Wall Street practices and arcane SEC regulations with a clarity and precision rare in the field.
— Joseph A. Grundfest, William A. Franke Professor of Law and Business and Co-Director, Rock Center on Corporate Governance, Stanford Law School; former SEC Commissioner


The most complete book about going public ever written—almost everything a company’s management needs to know. This book is completely up-to-date on the ever-changing requirements for going public in the U.S.
— Jay R. Ritter, Cordell Professor of Finance, University of Florida