The length of time it can take a company to prepare for its flotation on a public market such as the ESM can vary. Factors such as the size and structure of the company, the method of flotation being used, and the complexity of the due diligence process required by your advisors can all influence the timeline.
The flotation process itself generally starts around six months before the expected date of admission.
|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.|