Using an Independent Adviser or Consultant

Abstract

Only a handful of firms and individuals specialize in the niche business of independently advising or consulting on IPOs. These usually consist of former equity capital markets investment bankers or financiers who have, throughout their banking careers, focused on the execution of equity corporate finance transactions, and who therefore have considerable experience of what an IPO entails. What they do is not often well understood nor advertised, making them more akin to practitioners of a ‘dark art’, as compared to the more widely and better known investment banking disciplines of mergers and acquisitions or capital markets financing.