When a company has an initial public offering, it doesn’t occur in a vacuum.
A modern IPO takes months – and sometimes years – to become a reality. The factors depend on the leadership of the company going public and its appetite for risk and potential for profit. It also depends on the state of the market: firms are very hesitant to begin trading when the markets are roiling. As one exchange offical put it, different companies have different cultures and going public is never a hasty decision.
Last month, internet security firm SecureWorks went public in the first technology IPO for Nasdaq this year. Traders spoke with the men and women of the Nasdaq team who made the IPO happen. We spoke with the people who court the firms and those who work with the underwriters at the investment banks, such as Bank of America ML and Morgan Stanley. The Nasdaq IPO team also involves technologists who make sure that the systems are working – nobody wants a faceplant like the one that occured when Facebook went live. Finally, a successful IPO involves the Nasdaq market experts who help to pick the exact moment to start trading the brand new shares.
Traders presents exclusive interviews with the Nasdaq team who helped to shepard the SecureWorks IPO.
Traders also presented the second in a series of pictures from the STA and Women in Finance events, with images from the STA chapters in San Francisco and Wisconsin. An earlier STA Women In Finance slideshow featured the clothing drive events from the New York, Los Angeles, Atlanta, St. Louis and Denver chapters of the STA.
For more Traders slideshows, please visit the Traders Gallery.
