You are an Investment Banker working with Golden Gate Financial Services Limited, a brokerage and asset management company. An engineering and construction company, Coastal Engineering and Construction Company has expressed interest in listing on the Ghana Stock Exchange and has appointed your firm to prepare them for the initial public offering.

a. Explain to the Management of Coastal Engineering and Construction Company what an Initial Public Offering (IPO) is?

b. Briefly describe to management what the process of going public is. 6 Marks

c. State any four advantages of IPO to Coastal Engineering and Construction Company. 6 Marks

d. State any four disadvantages of IPO to Coastal Engineering and Construction Company.