EricChouinard.com

“How did iWeb become a public company?” This is a very popular question when I meet business people and entrepreneurs. How to do it is relatively easy, there are many skilled professionals who can help you. I think the most important thing is to know WHY you want to go public. You must have a very good reason to do it, because once you start it takes a lot of time, money and a most of your attention.

For iWeb, the main reason was to raise money at the highest possible value, which we needed to finance our expansion plan, which was to acquire and build infrastructure – our first data center. The Initial Public Offering (IPO) helped us achieve one of the important elements in our strategic plan. If you’re thinking of doing an IPO for any other reason than what you have in your strategic plan, don’t waste your time.

So in 2004, we went public, we bought a new Data Center with enough capacity for 1 800 dedicated servers and 42 racks for colocation – and we finally started providing services in english.

I will tell you more about going public in my Next post