Companies seeking to raise capital from the public capital markets for the first time benefit greatly from hiring an experienced independent financial advisor to sit on their side of the table as their advocate during this often bewildering process. Our senior bankers have collectively led numerous equity IPOs across a wide range of industries as both advisors and as principals. Our bankers maintain high level relationships at many of the Wall Street firms providing our clients with highly effective access to the public capital markets. Clients count on Reynolds Advisory Partners to provide these services with the highest standards of integrity, independence, objectivity, and financial expertise.
Reynolds Advisory Partners’ Initial Public Offering Advisory services include:
- All aspects of pre-IPO planning
- Review and diligence of the Company’s business plan
- IPO readiness assessment
- Auditor evaluation, selection and introduction
- Preparation of a presentation to underwriters
- Underwriter introduction, selection and negotiation
- Assistance in prospectus drafting and diligence
- Transaction structuring and pricing
- Post IPO support and advice
In many cases, Reynolds Advisory Partners can provide its service with minimal incremental cost to its clients as the success portion of our fee can be paid from the gross spread charged by the underwriting group.
In addition to our standard IPO advisory services, we offer our clients the opportunity to work with our Operating Consulting affiliate to perform an IPO readiness review. This entails a more detailed level review of the business from a public markets governance and reporting perspective performed by a CFO who has successfully led public offerings. In particular, executive governance processes, internal financial controls, financial and other metric reporting systems and monthly/quarterly close processes are evaluated to provide a realistic assessment of a client’s preparedness to comply with SEC requirements, including Sarbanes Oxley and investor/analyst expectations. Upon request, specific recommendations for improvement and an action plan to achieve IPO readiness will be prepared. Click here for more on Operations Consulting.
Examples of Selected Initial Public Offerings
| Client | Proceeds ($mm) | Company Description |
|---|---|---|
| Acorn Products, Inc | 45 | Manufactures garden tools |
| Airlease Ltd | 62 | Acquires and leases commercial jet aircraft |
| Allstar Inns L.P. | 73 | Budget hotel chain |
| Basin Water Inc | 83 | Designs and builds water systems |
| Birtcher Medical Systems Inc | 17 | Manufactures medical instruments |
| Clear Channel Outdoor | 20 | Outdoor advertising company |
| Clear Channel Outdoor | 800 | Outdoor advertising company |
| Guidance Software | 66 | Develops software solutions |
| International Lease Finance Corp. | 25 | Acquires and leases commercial jet aircraft |
| Jet America Airlines | 10 | Airline |
| Net Logic Microsystems | 69 | Manufactures processors and integrated circuits |
| Oasis Residential | 195 | Developer of apartments and multifamily residential properties |
| Organic, Inc. | 135 | Internet professional services firm |
| PeopleSupport | 52 | Offshore business process outsourcing company |
| Petco Animal Supplies | 47 | Specialty retailer of pet food, supplies, and services |
| Snapple (Thomas H Lee) | 80 | Manufactures and distributes non-alcoholic beverages |
| U.S. Bio Energy Corp | 140 | Independent ethanol producer |
| Vari-Lite Corporation | 28 | Manufactures automated lighting products |
| Vera Sun Energy | 420 | Independent ethanol producer |
| Total | 2,367 |