Searchlight Resources Inc (SCLTF)

[sweetpepperjam]

How long does the process take?

The time to go public depends on the complexity of the company, quality of documentation provided by the company and whether there are any outstanding issues. On average, the process takes three to six months to complete. Below is an example of the timeline of an IPO through a prospectus offering

Event                                                      Weeks 
  
 Planning meeting                                             1 
 Drafting preliminary prospectus                             2-5 
 Filing                                                       6 
 Comments from securities commission                         7-10 
 Response to comments                                       10-12 
 File final prospectus                                      13-14 
 Auditors work on annual statements, interim  
 statements and comfort letter                                             2-13 
 Ongoing legal work                                          2-13 
 Due diligence by underwriters, including  
 formal review sessions with management,  
 counsel and auditors                                        2-13 
 Preparation of marketing documents and  
 roadshow presentation                                       2-10 
 Investor presentations                                     10-13 
 Institutional one-on-one meetings                          10-13 
 Pricing                                                    10-13 
 Closing and settlement                                     14-15 
 Listing                                                    14-15 
 

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