This article explains:
- The risks involved;
- How your business, and role, can change after listing; and
- How to evaluate whether listing is the right decision for you.
Going public might be considered a rite of passage for maturing startups, but it’s not a foregone conclusion, says James Spenceley.
As chair of Airtasker, founder of Vocus and non-executive board member of Kogan, he would know.
“Some businesses thrive amid the hectic pace and spotlight of an IPO and subsequent listing, while others find it a yoke around their neck.”
Spenceley says there are only two reasons to initiate an IPO: selling out, or obtaining capital to grow. Otherwise, the journey is too volatile and risky.