Before I take a company to the stock exchange, I check how well management can handle a road show in Europe. The process is shorter, simpler and cheaper. A lawyer is not required to sign the prospectus, unlike the US, where fees cost hundreds of thousands of dollars. In Europe, the company's management signs. Moreover, unlike the US, there are no legal actions, and it is therefore unnecessary to write ten pages about risk factors.
Some companies nevertheless do so, and it is like killing a fly with a cannon.