Meraki Partners, LLC
Summary
The total cost generally starts at $250,000 plus stock, but most companies can start the process for $25k and then use funding from investors to pay for the rest. The cost to complete a direct listing varies based on a number of factors, including the size and complexity of business going public. Key costs include advisors, accounting, audit, legal, regulatory, exchange and other fees.
What are the professional advisor fees?
Professional advisors charge from $100k to $500k+ to help companies complete a public offering. Small to mid-size companies should expect to pay between $100k to $200k, plus stock. Generally, there's a $20k fee on engagement and the rest is paid as milestone are achieved during the process.
What are the accounting fees?
To become an SEC reporting issuer, a company must have audited financial statements with footnotes. Costs vary based on the size, complexity and age of business. Fees typically range from $20,000 to more than $100,000 for companies with a few million in revenue.
What are the legal fees?
To become an SEC reporting issuer, a company must provide a certain level of disclosure to comply with state and federal rules. For example, a company must disclose details about their business, products/services, officers/directors, risks, strategic plans and historical financial results - all information that an ordinary investor should know before making an investment decision.
Legal fees vary based on many factors including the size and complexity of business going public, who their professional advisors are and other factors. Legal fees will generally cost about $50,000 for direct listings.
What are some of the other fees?
When a company goes public, it will need to pay for stock exchange listing fees, federal and state filing fees, document preparation fees, press release services, transfer agent fees and other expenses. For a typical direct listing, these fees are about $50,000. Companies listing on NYSE or NASDAQ should expect an additional $350,000 in "other" expenses.
Can you take us public by direct listing?
We help entrepreneurs develop a go-public strategy, tap into our network to build the professional team, and manage the process to facilitate a direct listing, reverse merger or initial public offering. Our services help entrepreneurs take their company public so they can recruit talent, raise capital, complete acquisitions, and create significant wealth. Connect with us to learn more.
Contact us to introduce yourself and explore if we should work together.
We don't charge anything for our consultation or strategy sessions until we agree to work together.