Initial Public Offerings

Roadmap
Initial Public Offerings (September 2025)

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This Roadmap addresses financial reporting, accounting, and auditing considerations to help companies navigate challenges related to preparation of an initial public offering (IPO) registration statement and ultimately going public. Methods for going public include “traditional” IPOs, in which private companies sell their equity in a public underwritten offering, and nontraditional IPOs, which include those in which private operating companies choose to merge with special-purpose acquisition companies (SPACs) to raise capital or use other financing alternatives, such as direct listings (such transactions are commonly referred to as “de-SPAC transactions”). As part of their IPO readiness strategy, registrants should ensure that they are prepared to respond to changing conditions in the financial markets as well as the SEC’s and FASB’s new disclosure requirements (e.g., the SEC’s final rule on SPAC transactions, the FASB’s amendments to its segment disclosure requirements).

Also available is Deloitte’s On the Radar: Initial Public Offerings, which addresses financial reporting, accounting, and auditing considerations to help companies navigate challenges related to preparing an IPO or de-SPAC registration statement and ultimately going public.

Be sure to check out other titles in Deloitte’s Roadmap series, our comprehensive, easy-to-understand collection of accounting guides on selected topics of broad interest to the financial reporting community.

The FASB Accounting Standards Codification® material is copyrighted by the Financial Accounting Foundation, 401 Merritt 7, PO Box 5116, Norwalk, CT 06856-5116, and is reproduced with permission.

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