The decline in public company counts has been an acknowledged trend for quite some time. The mid to late 90’s represented a peak for public company listings, with a general downward trend forming following the tech-bubble. Using Audit Analytics’ Audit Opinions … Continue reading
Category Archives: Initial Public Offerings (IPO)
What’s with SNAP’s IPO Accounting Fees?
Snap, Inc.’s recent IPO was the largest since 2014, and represents another landmark for social media companies. While the biggest question mark for Snap probably revolves around its astronomical valuation despite significant concerns about its business model, one relatively small thing … Continue reading
IPO Accounting and Legal Fees: 2016 Update
The average accounting and legal fees disclosed by IPO companies ticked up slightly in 2016. Average accounting fees increased 24% to $0.95 million and average legal fees increased 15% to $1.69 million. This represents a reversal of the downward trend that was … Continue reading
Auditor Changes Roundup: Q4 2016
It was another quiet quarter in terms of SEC-client auditor changes. KPMG brought in four new SEC clients, the most for Q4 of 2016. Crowe Horwath and RSM US were the only firms to see a net increase in SEC … Continue reading
Q4 2016 IPOs: Auditor Market Share and More
Overview There were 33 initial public offerings in U.S. markets in the fourth quarter of 2016, representing a decrease of 25% from the same period last year when there were 44 IPOs. The total amount raised this quarter was $7.8 … Continue reading
Warning Signs Leading to Securities Litigation
Over the past 10 years, major drivers behind securities litigation were either financial restatements and misrepresentations or significant corporate events (such as IPOs and M&A activity). Material restatements are very likely to trigger a legal action. Yet, the key question that … Continue reading
IPO Accounting and Legal Fees: 2015 Update
The average total accounting and legal fees for IPO companies in US markets dropped again in 2015, continuing a downward trend line from a peak in 2013. Average accounting fees in 2015 declined by 23% while average legal fees declined by … Continue reading