IPO & SPAC Readiness

CrossCountry offers a comprehensive, tailored approach throughout the lifecycle of a public offering, through either a traditional IPO or through a Special Purpose Acquisition Company (SPAC), to aid an organization in realizing the transaction’s objectives. We leverage our experience across accounting advisory, business transformation, risk and compliance, and technology solutions to help clients maximize value from the pre-IPO phase through post-transaction stabilization and optimization.

Our team partners with you to enable, lead, and manage IPO activities, providing an optimized public offering roadmap and resource plan to efficiently transition to a profitable post-IPO state with strong governance and operations. Our approach focuses on methodically meeting the financial reporting, SEC filing, investor relations, compliance, and public company operational readiness needs of the business to maximize efficiencies, while minimizing risks.

IPO Readiness Complexity Considerations

An IPO provides a tremendous opportunity for growth that can be a thrilling option for private companies. To succeed in realizing an IPO’s full value, understanding and properly planning for the complexity of the IPO is crucial. If your organization is contemplating the rigorous journey of going public and pursuing an IPO either through the traditional route or through SPAC, take into account the impact of the timeline on the considerations below.

Our Service Offerings

IPO Governance, Planning & Program Management

Through program/project management, we help our clients successfully plan and complete complex strategic transactions. We incorporate change management and communication best practices to maximize efficiency and value, and to ensure effective communication.

Program and project management set up and support
Communication planning and change management
Dependency, risk and issue coordination and resolution

Accounting Policy & Financial Reporting Preparation/Support

We help clients address SEC requirements and support the Accounting and Financial Reporting functions to deliver financials, enhance accounting policy and procedures and meet reporting standards for public companies.

Evaluate and prepare SEC regulatory requirements
Support the accounting and financial reporting functions to integrate financials
Establish accounting policy and procedures, and develop reporting standards

Risk Management

As organizations embark in these transactions, the risk universe will change dramatically. We evaluate the organizational changes through the lens of your risk management framework including impacts to the internal audit plan, internal control environment and cybersecurity threats.

Internal audit plan modification
SOX program implementation and optimization scope
Integration and pre-deployment controls assessment for business process and IT controls
Cybersecurity and privacy assessments
Threat intelligence and attack simulations

Day One Operational Readiness

We prepare and implement operational readiness plans, including for system integration and control environments. We ensure readiness by coordinating with external auditors, internal stakeholders and third-party providers.

Future state functional operating model design
Operational readiness planning and knowledge transfer facilitation
System implementation planning, data conversion, testing execution and management

Post-Transaction Optimization & Support

We assist newly public companies with identifying post-transaction optimization opportunities within operating models, business processes, and systems and control environments that can grow with the business without adding cost.