27 | 🚨 Why Going Public Is Way Harder Than You Think (And Most Startups Aren’t Ready) 💣 with Davina Kaile (Pillsbury LLP Capital Markets Lead)

Mar 26, 2024

47:34

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Episode notes

Davina Kale is a longstanding senior partner and the Co-Leader of the Capital Markets practice at Pillsbury, Winthrop, Shaw, and Pittman.

In this episode of Good Revenue, host Neeta Bidwai and Davina cover:

How Davina guided prominent companies like 1st Dibs, Coursera, and Everi through IPOs and mergers & acquisitions.
The changing nature and purpose of IPOs over the past four decades, and the dual track process of IPOs and M&A.
The importance of early and thorough preparation for a public offering.
Davina highlights the need for a sound business model and understanding the legal and operational transition from a private to a public company.
She stresses the importance of setting realistic expectations and aligning an experienced leadership team.
The importance of adhering to best practices for a successful IPO trajectory.
Why successful IPOs involve a well-prepared management team and operational systems already functioning at a public company level before the IPO process begins.
Recommendations for handling the complexities of IPOs versus M&A processes, stressing the importance of planning, organization, and leveraging the expertise of advisors.

Where to find Davina:

Where to find Neeta:

Where to find Good Revenue:

Highlights:

00:00 Introduction to Davina Kale and IPOs

00:56 Current Market Sentiment and Predictions

03:25 Evolution of IPOs Over the Years

06:46 Key Factors for IPO Success