Why have we decided to include all employees in the IPO process? What are the pros and cons of this decision? And how to keep a secret that is known to more than 600 people?
At a board meeting in July 2020, we made a decision – we’re going public. In a global company meeting the day after, the leadership shared the news with the rest of the company. At this stage, we still didn’t know what the process would look like, how long it would take, or who it would involve – but on that day, all employees were made aware of this decision and that it had to remain discrete.
It’s not the only way to do things – in most companies that turn public; there’s a very close circle of employees that takes part in the process, while others find out with the rest of the world, after publishing the F1. Given the risks – both the individual and the company ones – of sharing information that must remain confidential, there’s a logic in this decision. So why have we decided to do it differently?
This week, Lior Krengel speaks with Oshrat Binyamin, VP HR, and Ouriel Weisz, VP Operations at monday.com, who led everything that has to do with including all employees. They discuss the reasons behind this decision, explain how to make such complex information accessible, and discuss the company’s responsibility towards their employees in such sensitive times.
For more relevant episodes:
125: IPO 02 – From Tel Aviv to Nasdaq – what does the IPO process looks like (part 1)
126: IPO 03 – From Tel Aviv to Nasdaq – what does the IPO process looks like (part 2)
127: IPO 04 – On the main players of the IPO process
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