Every year, scores of companies list their shares on the public markets in hopes of raising capital, offering up pieces of their businesses to accredited and retail investors. Holding an IPO is a lengthy and time-consuming decision; it’s also an exclusive club, as not every business that wishes to go public gets their wish granted. In fact, there have been only around 6,000 IPOs since 2000. In this piece, we’ll explore the steps behind an IPO, what it takes, what alternative paths there are to a traditional IPO, pre-IPO investing, and more.