It works with you to register your ipo with the securities and exchange commission (sec) and to determine a price for your ipo. Then, on the day of the ipo, the investment bank purchases all of the shares you are offering.
[header] How to take a company public [title] Hire an investment bank. [step] If you decide that you want to go public, the first step is hiring an investment bank, or a syndicate (group) of investment banks, as underwriters. The investment bank vets you by analyzing your financial performance.