The IPO process is different for every stock exchange. However, it typically involves several similar steps. These steps often include: 1. Gathering proposals from underwriters 2. Choosing a suitable investment bank as the underwriter 3. Forming an IPO team 4. Preparing the correct IPO documentation 5. Conducting a roadshow to generate interest/demand 6. Forming a board of directors 7. Issuing the shares on the IPO date