Ten practical considerations can help companies around the world tap the significant US capital market with IPOs.

Investors in the United States continue the search for yield. Over the past several years, over 60 companies with operations in the US have gone public either as master limited partnerships (MLPs) or yieldcos. Over this same period, seven companies with operations exclusively or predominantly outside the US have gone public in the US using the same structures. We currently see significant interest in these yield-oriented structures from companies outside the US, particularly in Europe and Asia. The expansion of the US yield-oriented market to companies with assets predominantly outside the US could be a significant growth area over the next five years. This article examines some of the typical characteristics of these types of vehicles and provides some practical guidance for non-US companies considering these structures.