Connor Group

Is an ?????? ?????????????? in our future? Our survey data suggests that the recent IPO Winter may be ending. Here’s what we found ?? In our recent private survey, we identified 81 active clients preparing and planning for IPO transactions in 2025 or 2026! This is a ???????????????????? ????% ???????????????? ?? in IPO intention from our previous survey in January 2024. This meaningful increase is likely driven by ?? improving stock market conditions, a building pipeline of deals, and positive feedback from investors and bankers. ------- PROFILE OF COMPANIES SURVEYED ? Companies Reporting Plans to IPO:? 81 ? Total Capital Raised: $33B ($400M average) ? Average Company Age: 10 years ? Average Number of Employees: 700 This sample size is significant, representing one-third of the IPOs in a typical year (an average of 250 IPOs in the US over the last 20 years). -------- INDUSTRY BREAKDOWN ????????????????????: ?????????????? ????????????????, ????, ????????, ???????????????? ?? 36% of all IPO intentions ?? $13.4B in capital raised to date ????????????????????: ???????? ????????????????, ?????????????? ????????????, ???????????????????? ?? 28% of all IPO intentions ?? $9.4B in capital raised to date ???????????????? ???????????????? ?????? ???????????????? ??? 16% of all IPO intentions ??? $3.5B in capital raised to date -------- Looking for support on your ?????? ??????????????? We can help you ring the bell! ?? ? Attend Connor Group IPO Summits ? Visit the Resources page on our website for IPO guides ? Connect with a Connor Group IPO Partner – reach out to [email protected], comment or DM

Our team is gearing up for the AICPA & CIMA Conference next month, and we’d love to ?????????????? with you! Will you be there? If so, comment below or DM us to schedule a meeting. It’s going to be a great week!

? THANK YOU to those who joined us at our Women in Accounting Networking Event in Boston! It was a fun night of making connections, sharing insights, and encouraging one another. We look forward to additional events in the future!

I'm excited to share my podcast with NetSuite is live! Vytalize Health won the award for the 2024 FASTEST growing private company on the Inc. 5000 and I got a chance to sit down with host Megan O'Brein to share our story, check out the first comment link below. ALSO if you've been dying to watch my onstage at SuiteWorld with NetSuite founder Evan Goldberg, you're in luck, check out the second comment link below.

Every year we make this recommendation. And every year we receive emergency calls in January from finance leaders who are already behind on technology. ?? Hoping to get more out of your existing tech stack? ?? Looking for more ways to automate manual processes and analytics? ?? Planning for 2025 Automation and AI initiatives? ???????????? ?????????? ?????? ????????. We’re known for: ? Award-winning NetSuite and order-to-cash optimization and implementation ? Developing robust tech strategies, including advanced automation, analytics AI, and machine learning ? Automating end-to-end processes with powerful integrations and workflow automation ???? ???????????????? ?? ?????????? ?????? ???????????? ???????? ???????? ???? ????. Your investment will produce big returns in the new fiscal year. DM us for more information or send us an email (see address in first comment).

Is ???????????????????? ?????? ?????????????????? ?????????? giving you a headache? ?? It doesn’t have to! ?? REGISTER FOR OUR WEBINAR: bit.ly/4ehl12c Preferred stock is a valuable tool for raising capital and attracting investors, but the complexity and variety of preferred stock features can lead to challenges for accountants. This webinar will help you master the basics of preferred stock accounting and equip you to successfully navigate financial reporting related to preferred stock. Our experts, Keyur Shah and Dan Weiss, will lead discussions on: ?? Defining a share-based modification and when modification accounting is required ?? Identifying the classification and measurement of preferred stock ?? Exploring accounting for the issuance costs related to preferred stock ???????????????? ??????????! bit.ly/4ehl12c

We express our deepest gratitude to the brave men and women who have served our country. Thank you, veterans, for protecting our freedoms.

Are you considering an IPO soon? ???????????????? ?? Going public requires more than just intent—it’s about adopting the mindset and operations of a public company well in advance. This guide provides expert insights into ?????? ??????????????, aiming to help you prepare early to ride the next IPO wave. Inside, you will find: 1. An update on ?????????????????? ???????????? ???????????????????? and what investors are looking for 2. Considerations for ???????????? ?????????????? ??????????????????, including often overlooked preparation areas 3. How to embrace the power of ???? ?????? ???????????????????? to stand out as a leader in today’s market Ready to start your IPO journey? DOWNLOAD NOW!

????????????: The IPO market is improving with more investor appetite for deals in '25 and '26.?Bankers continue to be ??????????????????. How can you stand out? ?? Our Bay Area IPO Summit was filled with optimism about the resurgence of the IPO market. For companies looking to IPO in the next 1-2 years, here are key takeaways to consider: IMPROVING MARKET CONDITIONS ?? ? The IPO market is showing signs of recovery. Year-to-date, ???????? ?????? ???????? ????% ???????? ???????? ???????? ?????? ???????????????? ???? ????????. Additionally, $300+ billion in US venture capital "dry powder" remains available. SUPPLY CONSTRAINTS ?? ? Contrary to popular belief, there is ???? ?????????????? ???????????????? ???? ???????????????? ???????????? ?????? ????????. The real issue lies on the supply side—few high-growth companies are prepared to go public, and no further IPOs are expected in 2024 WHAT ARE INVESTORS LOOKING FOR? ?? ? ???????????????????? ???????? ????????????: Investment bankers now define "???????? ????????????" as achieving over ????% ????????-????????-???????? ?????????????? ????????????, while "profitability" is simply a business generating more than break-even profits. ? ???????????? ????????????: Companies should aim for a ?????????????? ???????????? ???? ????% ???? ???????? and articulate their story in a clear, compelling way. ? ???????????? ????????????????????????: While ?????????????????????????? is not always required, companies must present a clear path to breaking even. Additionally, it’s essential to have a strategic vision for how the business will evolve over the next 3-5 years. ? ?????????????? ???????????????????? ??????????????????: The average Annual Recurring Revenue (ARR) for companies that went public in 2022-2023 was $500 million compared to $200 million in 2024. ? ?????????? ???????? ?????? ?????????? ??????????????????????????: While scale is an important indicator, it ???????? ?????? ?????????????????? that a company will meet the desired operating margins post-IPO. ? ???????????????????? ??????????????????: Define the company in a single sentence. Investors prefer ?????????????? to plug into their valuation models. ? ???????????? ??????????????????: A strong growth story remains a ?????????????????????? of investor confidence. ? ?????????????????????? ??????????????: The registration statement must articulate ?????????????????????? ?????????????????? in simple terms, comprehensible even to non-specialists. ? ???? ??????????: An ?????????????????? ?????????????????? ???????????? ????—how the company leverages AI—must be simple and free of buzzword-heavy jargon. The opportunities are vast, and the momentum is building. With strategic foresight and disciplined preparation, your company can successfully ride the next IPO wave. Thank you to our sponsors Donnelley Financial Solutions (DFIN), Wilson Sonsini Goodrich & Rosati, Gallagher, and Klarity for helping make this a memorable event!

Our Seattle and San Francisco teams recently participated in their annual group outings to foster camaraderie and fun! ?? Each group enjoyed a casino-themed dinner cruise. It was a fantastic time of team bonding and connection for our Northwest employees!