Preface
We are pleased to present the 2023 edition of
Initial Public Offerings. Preparing for an IPO1 can be a complex, time-consuming, and often costly process. Accordingly, this
Roadmap addresses financial reporting, accounting, and auditing considerations to
help companies navigate challenges related to preparing an IPO registration
statement and ultimately going public.
The SEC has continued to modernize
its disclosure requirements for companies entering the public markets. In addition
to its final rulemaking (as addressed in this Roadmap), the SEC is actively working
on finalizing new requirements related to SPAC transactions and climate-related disclosures that could affect companies
entering the public markets. Accordingly, registrants should ensure that they are
ready to respond to changing conditions in the financial markets, as well as the
SEC’s new disclosure requirements, as they plan for their IPOs.
For further details on the SEC’s proposal related to SPAC transactions, see
Deloitte’s October 2, 2020 (updated April 11, 2022), Financial Reporting Alert.
Be sure to
check out On the Radar (also available as a stand-alone publication),
which briefly summarizes emerging issues and trends related
to the accounting and financial reporting topics addressed
in the Roadmap.
We hope you find this Roadmap useful as you
prepare for your IPO.2 If you have questions or concerns, please visit Deloitte’s IPO Readiness and Execution Services site or
contact a Deloitte partner listed in the contacts section of this publication.
Footnotes
1
For a list of abbreviations used in this publication, see
Appendix
E.
2
Note that this Roadmap is
not a substitute for consulting with professional advisers on complex
accounting and reporting questions and transactions associated with an
IPO.