timeline[1]

Deloitte and Touche, LLP Growth Company Services Welcome to the IPO Timetable! In order to prepare the registration statement, a series of planning and review meetings ("all-hands" meetings) are held with company officials (XYZ), the company's counsel (CC), the underwriters (U) and their counsel (UC), and the company's accountants (A). A timetable for the offering is agreed on at these meetings. We have provided a typical timetable for a public offering. Chronological Function Insert a start date and the IPO Timetable will lay out all the steps in chronological order and assign dates to each step in the IPO process. Reverse Order Function Insert a closing date and the IPO Timetable will show you when to begin the IPO process and lays out all the steps and respective dates. Insert closing date here: ######## Insert start date here: 1/14/1999 Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche LLP. All rights reserved. Any copy of this document or portions thereof must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services IPO Timetable Date January 14 Activity Initial organization meeting and due dilligence Review Timetable Review letter of intent and discuss underwriting issues. Discuss Underwriters' fees and compensation Assign registration statement preparation responsibilities Identify accounting and other problems. Select Printer Review financial forecasts Management due dilligence presentations. Discuss transfer agent and registrar. Prepare list of parties involved (phone numbers, addresses, secretaries, etc.) referred to as the working group list. First draft of registration statement distributed. First drafting session and due dilligence. Complete due dilligence presentations. Review draft of registration statement Discuss problems Revise registration statement; underwriters' counsel to draft and distribute underwriter's agreement, agreement among other underwriters, selling agreement and other documents relating to underwriting ("underwriting document") to company counsel. Distribution of second draft of registration statement. Second drafting session to review registration statement Questionnaires completed by officers, directors, and 10% shareholders and returned to company counsel for review. Distribution of third draft of registration statement. Distribution of mangement's discussion and analysis of financial position and results of operations. Board of directors meeting Review offering. Corporate housekeeping. Authorize preparation and filing of registration statement. Third drafting session to review registration statement. Responsibility All All January 28 February 5 All All February 5 to February 10 All February 11 February 15 and February 16 February 16 to March 2 February 17 February 17 February 19 XYZ, CC All XYZ XYZ, CC XYZ, A February 22 to February 23 All Date Activity Responsibility Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services February 24 Company counsel and underwriters' counsel meet to discuss blue-sky problems and underwriting documents. Company counsel delivers draft of registration statement to printer for printing of red herring. Audited financial statements available and provided to Printer's proofs of registration statement for review. Board of directors' meeting to review registration statement; authorize blue-sky filings; appoint pricing committee; authorize other actions necessary to complete offering. All-hands meetings. Review printers proof of registration statements. Discuss any discrepancies between text of registration statement and financial statements. Finalize underwriting documents. Discuss items to include in accountant's comfort letter. File Registration statement and exhibits with SEC. Roadshow preparation. CC, UC February 26 March 1 March 2 March 2 CC XYZ, A All XYZ March 3 to March 4 All March 5 to March 8 March 8 March 9 to March 23 March 24 to March 30 March 31 to April 8 April 6 to April 7 April 7 to April 8 April 8 U, UC, A XYZ, CC XYZ, U Roadshow presentations to underwriters. XYZ, U Roadshow XYZ, U SEC Comments received. All April 9 April 14 April 15 April 21 April 27 Appropriate changes made in registration statement or SEC comments otherwise addressed; miscellaneous discussions with SEC staff regarding comments. All-hands meeting to review first amendment to registration statement; discuss other issues; review underwriting agreement, etc. File first amendment. SEC comments on amendment, if any received. Board of directors' pricing committee approves pricing and other filing matters. Second amendment (final pricing) filed with SEC; final prospectus printed. CLOSING All All CC, UC XYZ, U CC, UC Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deloitte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof must include this copyright notice in its entirety. Deloitte and Touche, LLP Growth Company Services IPO Timetable Date August 4 Activity Initial organization meeting and due dilligence Review Timetable Review letter of intent and discuss underwriting issues. Discuss Underwriters' fees and compensation Assign registration statement preparation responsibilities Identify accounting and other problems. Select Printer Review financial forecasts Management due dilligence presentations. Discuss transfer agent and registrar. Prepare list of parties involved (phone numbers, addresses, secretaries, etc.) referred to as the working group list. First draft of registration statement distributed. First drafting session and due dilligence. Complete due dilligence presentations. Review draft of registration statement Discuss problems Revise registration statement; underwriters' counsel to draft and distribute underwriter's agreement, agreement among other underwriters, selling agreement and other documents relating to underwriting ("underwriting document") to company counsel. Distribution of second draft of registration statement. Second drafting session to review registration statement Responsibility All All August 18 August 26 All All August 26 to August 31 All September 1 September 3 and September 6 September 6 to September 20 September 7 September 7 XYZ, CC All Questionnaires completed by officers, directors, and 10% shareholders and returned to company counsel for review. Distribution of third draft of registration statement. Distribution of mangement's discussion and analysis of financial position and results of operations. September 9 Board of directors meeting Review offering. Corporate housekeeping. Authorize preparation and filing of registration statement. September 10 Third drafting session to review registration statement. to September 13 XYZ XYZ, CC XYZ, A All Copyright 1999 by Deliotte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof, must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Date Activity Responsibility September 14 Company counsel and underwriters' counsel meet CC, UC to discuss blue-sky problems and underwriting documents. September 16 Company counsel delivers draft of registration CC statement to printer for printing of red herring. September 17 Audited financial statements available and provided to printer XYZ, A All September 20 Printer's proofs of registration statement for review. September 20 Board of directors' meeting to review registration XYZ statement; authorize blue-sky filings; appoint pricing committee; authorize other actions necessary to complete offering. All September 21 All-hands meetings. to Review printers proof of registration statements. Discuss any discrepancies between text of September 22 registration statement and financial statements. Finalize underwriting documents. U, UC, A September 23 Discuss items to include in accountant's comfort to letter. September 24 XYZ, CC September 24 File Registration statement and exhibits with SEC. XYZ, U September 27 Roadshow preparation. to October 11 Roadshow presentations to underwriters. XYZ, U October 12 to October 18 Roadshow XYZ, U October 19 to October 27 SEC Comments received. All October 25 to October 26 Appropriate changes made in registration statement or All October 26 to SEC comments otherwise addressed; miscellaneous discussions with SEC staff regarding comments. October 27 All-hands meeting to review first amendment to All October 27 registration statement; discuss other issues; review underwriting agreement, etc. File first amendment. October 28 SEC comments on amendment, if any received. CC, UC November 2 Board of directors' pricing committee approves pricing November 3 and other filing matters. XYZ, U Second amendment (final pricing) filed with SEC; final November 9 prospectus printed. CC, UL November 14 CLOSING Copyright 1999 by Deliotte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof, must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deliotte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof, must contain this copyright notice. Deloitte and Touche, LLP Growth Company Services Copyright 1999 by Deliotte and Touche, LLP. All rights reserved. Any copy of this document, or portions thereof, must contain this copyright notice.