Be prepared: tackling an IPO on a rapid timeframe

The following In-house Advisor practice note provides comprehensive and up to date legal information covering:

  • Be prepared: tackling an IPO on a rapid timeframe
  • On the frontline: how to tackle an IPO
  • Tell us about your background and your current role and team
  • How did you prepare and engage with your colleagues in the run up to the IPO?
  • Due diligence is a big task in the run up to an IPO. How did your team approach this and how did you ensure accuracy of information?
  • The IPO process is never a smooth one. What advice would you give to lawyers going through the process?

Be prepared: tackling an IPO on a rapid timeframe

On the frontline: how to tackle an IPO

Louise Stonier, Legal Director and Company Secretary at Pets at Home Group Plc, provides practical insight into how to deal with an IPO and the challenges that arise when faced with an incredibly tight timetable.

Tell us about your background and your current role and team

Originally, I was a corporate finance lawyer in private practice. When I was 5 years PQE, a new role came up at Pets at Home for a Head of Legal. As they didn't have a legal department, it was really the head of nobody other than myself. They were expanding and wanted a company secretary and someone who could drive the property and joint venture side of the business. The company had been operating for years without a lawyer and as my presence became known, the general counsel workload gradually built up.

Not long after I started there was a management buyout. It was good because it meant I kept my hand in with corporate work. In 2010, the owner exited and we did a dual-track, getting ready for an IPO at the same time as a secondary buyout. That was quite a challenge; on the one hand I was getting a Board together for the IPO and putting share plans in place, and on the

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