First 100 days after listing

Start this list before the first trading day. The first quarter as a listed company sets the tone for investor confidence.

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Disclosure and market abuse compliance 0 / 6

Usually owned by: General counsel, CFO

Disclosure committee constituted with members, deputies and meeting rules
Fast decisions on potential inside information.
Process to assess and document inside information, including delay decisions
Highest-risk compliance area.
Out-of-hours escalation and publication route tested
Inside information does not wait for office hours.
Insider list tool and templates in use, persons informed of obligations
Required for every project involving inside information.
Managers and closely associated persons listed and informed
They must notify their transactions.
Closed periods set in the calendar and communicated
Prevents prohibited trading.

Usually owned by: CFO

Financial calendar for the next twelve months published
Investors and analysts plan around it.
First interim report timetable with review and approval steps
First report is a credibility test.
Guidance policy agreed by the board
Consistency in expectation setting.
Consensus tracking set up
Detects gaps between expectations and results.
Publication channels for regulated information tested
Required dissemination routes.

Usually owned by: Head of IR

IR website complete with all required publications
Central source for investors.
Analyst coverage list and contact routines established
Coverage sustains interest.
Post-IPO roadshow and conference plan for the first year
Builds the shareholder base.
Shareholder identification and monitoring started
Know who owns the stock.
Earnings call format, script process and Q&A preparation defined
Repeatable quality every quarter.

Usually owned by: CFO, global coordinators

Stabilisation end announcement and greenshoe exercise outcome published
Required disclosure.
Lock-up expiry dates in the calendar with holder list
Potential supply of shares.
Plan for orderly sell-downs agreed with major shareholders
Avoids disorderly selling.
Major shareholding notifications process in place
Notifications must be published promptly.
Share price and liquidity monitoring routine set up
Early warning for market issues.

Usually owned by: Chair, general counsel

Board and committee calendar aligned with reporting dates
Approvals in time for publications.
First AGM planned: agenda, proxy advisers, documents
Lead times are long.
Remuneration report and governance statement process defined
Part of annual reporting.
Lessons learned from the IPO documented
Improves follow-on transactions.
Post-IPO incentive plans granted and communicated
Retention after listing.