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Business Valuation for an IPO

Before you list, the value has to stand up to the market's scrutiny.

The road to an IPO is paved with valuations — pre-IPO capital raises, restructures, employee share schemes, and the readiness work that a board and its advisers rely on. Sherwood Australia prepares independent, AFSL-licensed valuations that support those steps, prepared to the professional standards investors and regulators expect.

  • ✓ AFSL Licence No. 563351 — legally compliant equity valuations
  • ✓ AVI Certified Business Valuer (AVI 20281) — prepared to APES 225 and International Valuation Standards
  • ✓ Independent of the offer and its lead managers
  • ✓ Valuations that support pre-IPO restructures, share issues, and ESS
  • ✓ Confidential, obligation-free initial discussion

Independent value, well before the offer is priced

The final offer price on an IPO is led by the company's lead managers and underwriters. But the steps that get a company to the front door of a listing each need a defensible, independent valuation of their own.

Pre-IPO capital raises price new investors in. Group restructures move assets and IP into the listing entity. Employee share and option schemes have to be valued for accounting and tax. Each of these needs a valuation that will survive due diligence and, later, scrutiny of the prospectus.

Sherwood provides that independent view — separate from the offer itself — so the numbers underpinning the float are sound.

Where an independent valuation supports the float

Pre-IPO capital raises

Independent valuation to price a pre-listing round and give new and existing investors confidence.

Pre-listing restructures

Valuing businesses, subsidiaries, and IP as they are moved into the entity that will list.

Employee share & option schemes

Defensible valuations for ESS and option grants ahead of listing, for accounting and tax.

Board & investor readiness

An independent value benchmark that supports board decisions and early investor conversations.

What's included in your pre-listing valuation

Independent valuation report

Clear, reasoned, and prepared to a standard that withstands due diligence.

Documented methodology

Every assumption and adjustment stated and justified, so the valuation holds under review.

Market & comparable analysis

Benchmarking against relevant listed and transaction evidence to anchor the conclusion.

Advisory support

Support through diligence and coordination with your legal, accounting, and corporate advisers.

How it works

Step 1 — Confidential briefing

We discuss the business, the listing timetable, and the step the valuation needs to support.

Step 2 — Information & instructions

We work with you and your advisers to gather financials, forecasts, and structure documents.

Step 3 — Analysis & report

We prepare an independent valuation to the correct methodology, documented to withstand diligence.

Step 4 — Support through diligence

We explain the findings and support the report through the pre-listing process.

What clients & advisers say

"Sherwood's valuation work brought clarity and credibility at a critical moment. Their expert report helped resolve a long-standing dispute without the need for costly litigation. It was a game-changer."

— CEO  |  Clinical-Stage Biotech Company
Independent Expert Report

"The valuation was robust, defensible, and tailored to the reality of our situation — exactly what we needed."

— CFO  |  Surgical Device Company
Independent Valuation

"They took on a complex company most firms wouldn't touch and delivered a valuation we could stand behind."

— Founder  |  AI-Driven HealthTech Platform
Complex Valuation

Related valuation services

We also value businesses for capital raising and value intellectual property moved into a listing group. See the full range of business valuation services.

Preparing for an IPO?

Confidential, no-obligation. Boards, founders, and advisers welcome.

Request a confidential discussion

Request your confidential quote

Tell us a little about your situation and Anthony Vago will be in touch — confidential, no obligation. Prefer to talk? Call +61 492 280 220 or email anthony@sherwoodaustralia.com.au.