Taking a company public is a complicated process, with many moving parts. By rushing the process or putting together an inexperienced team, the likelihood of errors being made increases as does the potential for non-compliance with the SEC's regulations.
The initial public offering (IPO) market is on track to deliver approximately 200 IPOs for the third straight year, after a strong second quarter in 2015, which raised more than $13 billion for 75 IPOs.
If you want to understand the shift in global business, watch out carefully what is happening these days in New York. Alibaba Group is in for an unprecedented bonanza, launching the biggest IPO in history on Nasdaq.
Many private business owners when looking at an improving economy and buying into the hype of initial public offerings get seduced into taking their companies public without being fully aware of what they're getting themselves into.