How Long Does an IPO Really Take? What to Expect Today
Chris Cottone breaks down realistic IPO timelines based on current market conditions.
He explains how IPOs can move as fast as three months in low-comment environments, why four months is now the typical expectation, and what factors can extend the process to six or seven months.
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Michael J. Blankenship is a licensed attorney and is a partner at Winston & Strawn LLP. Joshua Wilson is a licensed Florida real estate broker and holds FINRA Series 79 and Series 63 licensure. The content of this podcast is intended for informational and educational purposes only and should not be interpreted as legal, financial, or compliance advice. The views and opinions expressed by the hosts and guests are their own and do not necessarily reflect the official policies or positions of any regulatory agency, law firm, employer, or organization.
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Mike Blankenship: How long does an IPO process usually take, in your view?
Chris Cottone: We've seen them done in as little as three months, and that's from the point of filing, getting the, usually that would be a no comment or very low comment response from the SEC and then, uh, building the book through nasdaq. We've seen it, the whole process done in three months.
I've seen it take six or seven months. Also, there was the, the most recent one that I was a part of was, uh, four, you know, four months, which is earlier in the year. We're working on another one now that is, uh, is also looking like the, everybody's telling us is gonna be about a four month schedule with the possibility of an adjustment if the SEC stays closed for longer.
But, uh, but on average, I think you can expect in, in a normal environment for four months is enough to get the, uh, is enough to get the IPO.
VP of Greentree Financial Group, Inc.
Robert C. (Chris) Cottone graduated from Florida Atlantic University with a Bachelor’s degree in Business Administration. Chris co-manages Greentree’s internal emerging growth fund and oversees the capital markets policies and procedures implemented by the firm including new project origination. Chris has experience working on new public listings, SPACs, bridge financing and PIPEs. In this role, Chris has been involved in several business combinations that have exceeded $1 billion in enterprise valuation.
Chris is also responsible for monitoring legislative activities effecting securities issues. With more than two decades of service to the business community, Chris has been instrumental in guiding the careers of many of the nation’s new entrepreneurs. Chris heads many of Greentree’s community awareness programs that contribute to the Global Vision maintained at the firm. He is a frequent contributor to various publications and periodicals and lectures to professional organizations.