Replies to post #36789 on Carnegie Development Inc. (CDJM)

[FD2you]

Looks like a few less than that and MUCH less time.

Why would an IPO take less time than a simple share offering on a shell company?

How long does it take between a company filing to IPO and the IPO itself?
E.g. barring the market closing etc., what is the fastest you can go public once you file?
4 ANSWERS
Gus Fuldner
Gus Fuldner, Venture Capital Investor at Benchmark Capital
22.2k Views · Most Viewed Writer in IPO and M&A Rumors
Short answer: About 10 weeks

Longer answer:

Process summary
The process starts by filing form S-1 with the SEC. The SEC reviews the filing and sends back very detailed comments. The company then files an amendment reflecting these comments. The SEC likely has comments again. This process repeats for 2-3 and sometimes many more iterations until the SEC says it has no further comments. The company then files/prints a "red herring" or Preliminary Prospectus and begins the roadshow. This usually lasts 2 weeks and the offering is priced on the last night of the roadshow and begins trading the next day.

Sample timeline
First SEC review: 30 days
Company prepares response: 5 days
Second SEC review: 15 days
Company response: 3 days
Third SEC review: 7 days
Company response ("red herring"): 2 days
Roadshow: 15 days
Trading begins: 1 day
Total: ~10-12 weeks

This timeline ignores all the prep time that goes into drafting the initial filing (often several weeks). It also shows a close to ideal case. There are many factors that can slow down the process including:
Substantial SEC comments (need for change in accounting policy, etc.)
Lawsuits (often lawsuits come out of the woodwork as plantiffs use the IPO process as leverage to seek a settlement)
Timing of quarter end and the need to update the financials from previous versions of the filing
Unfavorable market conditions
Public holidays (hard to do an IPO where the roadshow crosses a public holiday)
Compliance mistakes (e.g., the Playboy interview that slowed down Google's IPO)
Written 2 Jun 2011 ·

https://www.quora.com/How-long-does-it-take-between-a-company-filing-to-IPO-and-the-IPO-itself