Jerry Jackintell on Blogger

Tuesday, January 14, 2020

Financial Requirements for Undertaking an IPO

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Photo by Jason Briscoe on Unsplash

Jerry Jackintell is a professional in the financial industry with 35 years of experience in leadership positions. Currently, he is the owner of Evergreen Capital, an investment company founded in 2002. Jerry Jackintell also served for four years in the board of directors of Star Telecom, initiating the Star Telecom’s initial public offering (IPO), which was considered the most successful IPO in 1998.

An IPO refers to the process of offering shares of a private corporation in the public stock market. The company needs to be prepared for the public share issuance before undertaking an IPO by meeting some qualification factors.

The main requirement is to meet the necessary financial qualifications set by the stock exchange in which the company is going to list. The NASDAQ Global Select Market, for instance, requires at least $2 million in pre-tax earnings in each of the two most recent years and more than $11 million of pre-tax earnings when adding up the three prior fiscal years.

The New York Stock Exchange financial requirements are similar, with the difference being a total of $10 million of pre-tax earnings when adding up the three prior fiscal years. Other alternative listing standards are based on cash flow, revenue, and market cap for leading companies that do not meet the pre-tax earnings requirements.

About Jerry Jackintell

As owner of Evergreen Capital in Santa Barbara, Jerry Jackintell oversees financing and investing in private placements, real estate, as well as securities-funded acquisitions of mortgages, notes, and targeted properties. Jerry Jackintell guided a number of high-value transactions for many real estate investment firms in California.

A graduate of the University of California, Santa Barbara, Mr. Jackintell earned his business and economics degree summa cum laude. As senior vice president with Shearson Lehman Brothers from 1985 to 2002, he achieved top 1 % ranking among the nations financial consultants for 17 years and managed diversified portfoilios totaling more than $300 million. He also helped initiate Star Telecom's initial public offering that became the third most successful IPO of the year. He served on the board of Star Telecom for four years, and also spent a decade as a Governet Securities board member from 2006 to 2016.

Community focused, Mr. Jackintell achieved honorable citizen recognition from the Special Olympics for raising in excess of $10 million from city and county municipal governments over the years. A longtime supporter of animal activism, Jerry Jackintell works with many groups and charitys for the environment and animal rescue and is a member of the Humane Society. With a background as an Ironman triathlete who has run many races for charity, Mr. Jackintell enjoys activities such as trail running in his free time and is active with his local ultra-marathon club. His mother Sabrina Jackintell broke the women's altitude record for a glider plane soaring to 41,460 feet, a record that still stands after four decades. She also held an undocumented auto land speed record for a brief time in the late 1970s.