The length of time it will take a company to join the Enterprise Securities Market is influenced by many variables – such as the size and structure of the company, the method of flotation being used, and the complexity of the due diligence process which must be conducted by your advisors.
The amount of time it takes for a company to prepare itself for flotation can vary. However, the flotation process itself generally starts around six months before the expected date of admission to the Enterprise Securities Market.
|The admission process (from 6 months before admission)|
|6-3 months||Appoint and instruct advisors (corporate finance; broker; legal; accountant; PR) and agree on the timetable. |
|12-6 weeks||Company and its advisors review pricing issues, host analyst presentations and produce drafts of key documents − including the ESM admission document. |
|6 weeks - 1 week||The company and advisors complete their due diligence, hold PR meetings and analyst road shows. |
|1 week - admission||Finalise all necessary documentation for admission. Finalise pricing and allocation of the offer. Submit the formal application for admission to the Enterprise Securities Market to the ISE. |
|Admission||Securities are admitted to trading on the Enterprise Securities Market of the ISE.|