Becoming a public company is a big undertaking for any private company; there is added complexity for foreign filers, which is to say private issuers incorporated under the laws of a country other than the United States. One task that is not always at the top of the to-do list is making sure that there is a well-brokered directors and officers liability insurance program in place at precisely the right time. Working with a broker that is inexperienced with foreign filers, however, can lead to unnecessary friction and delays. Certainly you would never want D&O insurance issues to be a reason you couldn’t take advantage of an open IPO window.
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