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Initial Public Offering

The Challenge

After the consolidation phase of a business, the next step for its expansion is the initial public offering. Getting listed on the stock market is a complicated operation that requires a number of prerequisites in order to gain access to the regulated market. A company that decides to go public must first follow certain steps before applying for admission, such as:

  • Defining an industrial plan
  • Certifying the balance to be deposited
  • Identifying the needs of future shareholders
  • Tightening contacts with Borsa Italiana.

These actions can lead to redefining a company’s organisation, as well as carrying out regulations in the control and management system. These are activities that a company may want to entrust experts with.

The Solution

Thanks to Eurokleis’ team of experts in corporate finance and business consultancy, it is able to follow companies which want to be listed on the stock market step by step by offering both consulting and listing services.

Among the pre-listing activities Eurokleis deals with:

  • Supporting the development of the industrial plan with the related funding requirements
  • Assisting customers in selecting Nomad and other consultants
  • Proposing any changes in the corporate governance structure

While in the listing phase we follow the following steps:

  • Two Diligence and verification of emerging issues
  • Equity story building and investor relations strategy (also online)
  • Drafting of the admission document
  • Preparing a company’s presentation to financial analysts
  • Roadshow planning with investors
  • Price defining and bid allocation

The stock market is simple. All you need to do is buy a figure off a large company managed by integer and capable executives for a price lower than their intrinsic value, and then keep those quotas forever.

Warren Buffet
Entrepreneur, benefactor, economist


Eurokleis’s activity at various stages of the listing process is of outstanding importance and primary companies have decided to take advantage of our advice and assistance to help launch themselves into the stock market.

The key activity is the development of the industrial plan that consists of five fundamental parts:

  • Executive Summary summarising the project, financial actions and data
  • Realised Strategy where corporate and strategic business units (SBUs) are observed, strategically and dynamically developing key financial data for each Strategic Business Unit (SBU)
  • Strategic Intentions at Corporate and SBU Levels
  • Action Plan, which illustrates actions, timelines and managerial responsibilities as well as the economic and financial impact of actions and the various investment methods
  • Financial analysis, which illustrates the underlying assumptions of the economic and financial forecasts, compares historical data, showing the key value drivers and providing an analysis of the sensitivity with varying different parameters

Author of the article

Francesco Bellini

senior partner & founder - Innovation & Finance

Chartered Accountant and Accounting Auditor

Background Experience Passion

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