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Author Topic: Can someone walk me through IPO process?  (Read 1128 times)
icedicedavid
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October 12, 2013, 08:41:44 AM
 #1

https://Ice-dice.com is considering offering an IPO to raise some fund for the bankroll and hire some marketing to grow the site. The site launched 3 weeks ago and it's been growing steadily with good feedbacks from both users and investors. Now we are thinking of taking it to the next step and doing an IPO. I'm not familiar with the way bitcoin companies IPO, can someone send me some info on how it's done?

Some of my questions are:
- How do we issue shares to sell?
- How do we keep track of who has how many shares?
- How do we pay dividends?
- How do we buy back shares?
- How do we list on bitcoin stock exchanges?
- What is a good bitcoin stock exchange?
- What are some of the pros and cons of IPO and selling shares?

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Rannasha
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October 12, 2013, 09:15:30 AM
 #2

- How do we issue shares to sell?
Shares are just entries in a ledger/database. Once you've picked your IPO-platform/exchange, they can be made to appear out of thin air.

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- How do we keep track of who has how many shares?
If you use an exchange, they keep track for you. If you maintain the ledger yourself ("direct" shares, ASICMiner-style), you can use whatever you like: post-it notes, an Excel spreadsheet, a custom written application, etc...

Quote
- How do we pay dividends?
Exchanges have options to issue dividends. Load coin into the issuer-account and go for the dividend option. For direct shares, just transfer the appropriate amount of coin to the bitcoin addresses you have on file for your shareholders.

Quote
- How do we buy back shares?
Use the trading options of the exchange for regular market buybacks. For direct shares, transfer the coin to the registered bitcoin addresses of shareholders and update your ledger.

Quote
- How do we list on bitcoin stock exchanges?
Differs per exchange. There is typically a fee associated with listing and you'll have to submit a detailed prospectus.

Quote
- What is a good bitcoin stock exchange?
Bitfunder and Havelock are the primary choices. Recently, Bitfunder announced that it will no longer be available for US investors and there are concerns regarding the long-term future of the exchange. Havelock has not made any statements on the matter of US investors (other than that they're consulting a legal team).

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- What are some of the pros and cons of IPO and selling shares?
Pros: Gain additional coin for business operations. This allows the business to expand or become more efficient.
Cons: Reduced profits for the current shareholders (= the owner(s)/creator(s)). Greatly increased need for transparancy and reporting.
MPOE-PR
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October 12, 2013, 10:17:46 AM
 #3

https://Ice-dice.com is considering offering an IPO to raise some fund for the bankroll and hire some marketing to grow the site. The site launched 3 weeks ago and it's been growing steadily with good feedbacks from both users and investors.

Basically, at this point you don't IPO. Should you develop a full business plan, an accessible reputation such as can be verified by the WoT, and so forth, you can either do a great deal of reading to understand how IPOs work and what steps you'll need to take, or else retain the services of someone able to impart these things to you professionally.

That'd be how you can actually approach doing an IPO as an actual bitcoin business. There'll probably never be a dearth of cheap and easy ways to fake-IPO with the sunshine and lollipops du jour tho'. Best of luck to you, congrats on your feedback an' all.

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enderbender
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October 12, 2013, 01:09:03 PM
 #4

https://Ice-dice.com is considering offering an IPO to raise some fund for the bankroll and hire some marketing to grow the site. The site launched 3 weeks ago and it's been growing steadily with good feedbacks from both users and investors. Now we are thinking of taking it to the next step and doing an IPO. I'm not familiar with the way bitcoin companies IPO, can someone send me some info on how it's done?

Some of my questions are:
- How do we issue shares to sell?
- How do we keep track of who has how many shares?
- How do we pay dividends?
- How do we buy back shares?
- How do we list on bitcoin stock exchanges?
- What is a good bitcoin stock exchange?
- What are some of the pros and cons of IPO and selling shares?

like the lady says, leave these worries to someone that knows what theyre doing

the forum at large sure aint the place to hunt for answers
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