The Irish Stock Exchange (ISE) has today announced details of the 2017 IPOready programme, aimed at the next wave of Irish companies that are on course for a stock market listing (initial public offering or IPO) in the next 5 years.
The 2017 IPOready programme will provide high-growth IPO candidate companies with a structured support programme and deliver skills to their executive teams in raising strategic finance, the IPO process, investor relations and scaling.
The programme, supported by Enterprise Ireland and the Ireland Strategic Investment Fund (ISIF), builds on the success of the initial IPOready programme from which a group of 9 high-growth, high-potential Irish companies graduated last year.
A major new feature of the 2017 programme is that ISIF, the Irish State’s €8bn sovereign development fund, has joined as a programme partner to provide each participating company with one-to-one interaction with their investment team and to assess potential investments in the companies.
IPOready will provide extensive support over 15 months to prepare successful applicants for the requirements of raising strategic finance, listing on the ISE and attracting investment from domestic and international shareholders.
It will include mentoring and presentations from corporate finance experts, leaders from ISE-quoted companies, senior ISE executives, investment practitioners, legal, communications and investor relations advisors and entrepreneurs.
The programme will also offer opportunities to showcase participant companies to domestic and international investors including a module meeting investors, advisors and other market participants in New York.
The programme will be launched at separate events in Dublin, Galway and Cork in May. The Dublin event will take place on May 9th, the Galway event on May 11th and the Cork event on May 12th.
These events will feature speakers from the ISE, ISIF, Enterprise Ireland, ISE-quoted companies and previous IPOready participants.
Commenting on the initiative, Chief Executive of Enterprise Ireland, Julie Sinnamon said, "The IPOready programme is a fantastic opportunity for businesses with global ambition to learn and gain insights from investors, executives and advisors who have played a part in the success of world-leading Irish companies."
She added, "We are proud to support this programme which equips companies looking to achieve scale with the skills to access strategic finance or go public. It is encouraging to see the companies which graduated from IPOready 2016 already achieving growth on a global level and expanding their workforce.”