Use Case: Initial Public Offering (IPO)

Investment Banks perform many roles for their clients, one of the prized roles is to be chosen as an underwriting bank in an IPO.

Some of the biggest IPOs in 2019 have used Cutover to orchestrate the IPO activities, the typical duration of the Cutover runbook is three days, from the day before the IPO to the day after, with the concentration of activities being on the day of the IPO.

An underwriting bank has a number of activities in the lead up to the IPO. On the day of the IPO there is a huge amount of orchestration that takes place between a number of different areas within the Investment Bank. These range from Bankers, market data teams, technology app teams and of course a host of stakeholders who are wanting to understand the progress as the IPO prepares to go public.
IPO
If any of these steps are mis-managed it could result in the listing being pulled at the last minute. This would be hugely embarrassing to the investment bank as well as potentially damaging to the IPO company.
IPO
Some of the biggest IPOs in 2019 have used Cutover to orchestrate the IPO activities. The typical duration of the Cutover runbook is three days, from the day before the IPO to the day after, with the concentration of activities being on the day of the IPO
The runbooks were orchestrating 20 teams across different disciplines across the bank, Bankers, Technology and Stakeholders, all culminating in ensuring everything is in place for the time when the IPO goes public.
Size of runbooks can vary from 150-500 activities depending on whether the runbook is for Command and Control or for all activity orchestration.
There have been a few IPOs in recent years which had to be pulled for a number of different reasons. If Cutover runbooks were used then potentially the state of the IPO could have been determined earlier where course correction activities could have taken place or a more orderly exit could have been planned saving the reputation of both the Investment Bank and the IPO company.
IPO
Want to learn more?

Contact us to find out how we orchestrate critical change events for banks and major corporations worldwide and how we can help you.

Get in touch