Day 100 - Determine offering price. Complete state securities filings. File amendment to offering circular if necessary. Day 115 - Effective date, offering commences. Day 120 - Closing.
Company issues securities.
Offering proceeds transfer to the company. Of course, the schedule only outlines some of the major undertakings involved in an initial public offering. The process also involves directors meetings, extensive due diligence meetings, and the negotiation and execution of contracts with underwriters and others.