ihatecomingupwithusernames

What changes after an IPO?

Hi all,

Company I work for is about to go IPO. In everyone’s experience, what are the biggest changes to come out of it? Positive and negative. Were those changes almost immediate or did it take a long time (2+ years) to see the impacts of the IPO? Things like culture, compensation, changes to leadership, etc.

Appreciate the insight fellow savages!

13 comments

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sales101

WR Officer

Head of Channel & Alliances

I’ve been through 2 IPO’s now, and in my opinion, the Positive is the marketing and brand awareness that comes out of it. Prospects sometimes bring it up and it’s an exciting thing to talk about.
The most frustrating thing now is how much the earnings calls matter and the quarterly and annual numbers that go along with that.

We also get to do less “big spending fun activities” as “share holders” would question the spending.

Enjoy the process though, doesn’t happen to everyone and it’s reallt fun!

ihatecomingupwithusernames

Good Citizen

Thanx for the insight!

Trinity

WR Officer

BusDev

Agree with sales101. It's all about shareholder's value/dividends. There will also be restrictions in place on how you do business with your business partners, think oversight.

Derpfrickinvalu

Arsonist

Account Executive

Cons: Everything has to be documented. There's going to be a lot more red tape getting deals done. They'll probably implement new systems to track every aspect of your job.

Pros:
Resume builder. Expanded opportunities within the company. Potential wage increases. Discounted stock prices.

ihatecomingupwithusernames

Good Citizen

Ugh, red tape and micro management are huge turnoffs lol

Derpfrickinvalu

Arsonist

Account Executive

Yep, but there are other benefits if you can make it work.

CuriousFox

WR Officer

🦊

It's an unfortunate change that occurs. You will learn how to get through it.

YoureMuted

Executive

Regional Sales Director

Big focus on quarterly and annual revenue/margin numbers now.

HarryCaray

Notable Contributor

HMFIC

We went public recently. Not too much change but legal has become a lot more annoying constantly making sure we’re covering our ass.

LordBusiness

Politicker

Chief Revenue Officer

Reporting on top of reporting on top of reporting. Your sales leaders will be minimized to PPT and metrics creation machines. Lots of good men and women lost to IPO 😊 (PS, same could be said for replaying IPO with "acquired by PE firm" or "Just raised VC money")

Accidental_Sales_Guy

Politicker

Account Executive

@LordBusiness Do you see certain departments lose more or less people due to an IPO?

My company is pre-IPO, and it seems like sales reps and managers are jumping ship left and right (typically for better opportunities, but it seems like IPO expectations are accelerating this). I haven't see the same kind of turnover in other departments.

LordBusiness

Politicker

Chief Revenue Officer

I think the acceleration of "jumping ship" comes from fear of what's to come. Most of these folks likely had one foot out the door anyway and the potential change ahead has just accelerated their decision making to find a new home. When I say "lost" I don't necessarily mean folks quitting or being laid off, more so talented people are minimalized to reporting drones 😂

Accidental_Sales_Guy

Politicker

Account Executive

Understood, thanks for sharing your experience!

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ihatecomingupwithusernames

What changes after an IPO?

13 comments

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