- Hedge Valuation Service
- Historic market rates. Use PMC DataGraph
- Case Studies
- PMC Commentary
IPO Advisory Services
Companies that are preparing to go through the IPO process face issues that are unique to being a public company. PMC’s role in the pre-IPO process is to provide reassurance to all stakeholders (sponsors, senior management and Board of Directors, investment bankers etc.) as to the quality and effectiveness of the treasury and financing operations of the business and their consistency with best practices.
PMC consultants bring deep and varied treasury backgrounds to the table, including large public company experience, enabling them to provide everything from policy-level guidance to the Board and C-suite to roll-up-the-sleeves on-site assistance.
PMC’s IPO related work can be a review and assessment of treasury risks and operations from a high level advisory perspective and/or an in-depth analysis coupled with on-site practical support and guidance in specific treasury functions. In all cases, our analysis is reported in a due diligence style with clear and concise insights.
The period immediately following an IPO can also be especially challenging for Treasury as it adapts to life in a public company environment. During this stage PMC provides guidance and hands-on assistance in:
- Organisational structure;
- Cash Management, Banking – evaluate banking group and credit facilities and assist/lead in the negotiation of new facilities, assist with closing day fund movements, cash forecasting;
- Debt Management – administration of financing facilities, including the covenant management approach, information requirements, basket control and compliance adherence;
- Foreign Exchange and Interest Rate Risk Management – evaluate the business’ existing FX, interest rate and commodity exposures ensuring hedging strategies are appropriate for the post IPO business and financing environment; and
- Policies, Procedures, Reporting (internal and external), Systems and Controls – comment on their appropriateness for public company compliance requirements.
A review of Treasury by PMC is valuable at any time, however an IPO review has the greatest impact if performed at the earliest stage of the IPO process. This allows sufficient time to implement and reap the benefit of any changes and/or improvements that might be recommended as well as maximize the time available to address Treasury related issues that are specific to a public company environment.
If you would like to discuss an IPO Treasury Review engagement, please
contact us.
