Pre-IPO advisory
Financing advisory for private joint stock companies on over-the-counter (OTC) platforms
In an environment where debt financing is inaccessible and public offerings are not feasible for many organisations, financial market players such as the Moscow Exchange, T-Bank and others have launched their own OTC platforms where companies can list their shares ahead of the IPO.
One of the key requirements is an independent consultant’s review of the issuer to prepare for the OTC listing. This review includes legal and accounting assessments, analysis of the company’s plans, and validation of the share pricing.
FBK’s portfolio includes numerous successful cases of providing comprehensive valuation and due diligence services for organisations across industries and development stages that meet pre-IPO platform requirements.
- Initial compliance check to assess the issuer’s adherence to capital structure and corporate governance requirements.
- Due diligence across key areas:
- Review of corporate documents, certificates of title and title deeds for core assets and rights, assessment of legal risks, and other legal matters.
- Verification of the accuracy of financial statements.
- Assessment of tax risks.
- Review or development of the issuer’s pre-IPO financial model.
- Preparation of a pre-IPO offering memorandum.
Upon completion of pre-IPO advisory, the client recei
- Confirmation of compliance with OTC listing requirements.
- Thorough risk assessment, verification of legal and financial compliance, and determination of the listing price.
- Offering memorandum adhering to pre-IPO platform standards.
