WHAT WE DO

From strategy to capital to public markets.

Iconic Private Equity Partners works with businesses at critical stages of growth and transformation. We combine strategic advisory, access to private capital and public-market expertise with deep cross-border experience between Asia and the United States. Our role is to help businesses strengthen their foundations, access the resources required for growth and build a credible pathway towards the public markets.

Strategic Consulting

Strategy grounded in the realities of global business.

Successful expansion across markets requires more than a sound strategy. It requires an understanding of how capital, operations, culture, regulation and commercial behaviour change from one market to another.

Iconic works alongside founders, boards and senior management teams to address complex strategic and operational challenges, with particular expertise in businesses expanding between Asia and the United States. We combine rigorous financial and commercial analysis with practical market experience to identify the underlying factors influencing performance and determine where meaningful value can be created.

Our work spans market entry and expansion, corporate restructuring, M&A strategy, operational transformation and broader value creation initiatives. Rather than addressing surface symptoms, we examine the financial, operational and cultural dynamics of the business to identify root causes and develop solutions that can be implemented in practice.

Our role extends beyond recommendation. We remain closely engaged with leadership teams to translate strategy into execution, establish clear priorities and ensure that decisions made at the strategic level produce measurable commercial outcomes.

Private Capital Advisory

Connecting opportunity with strategically aligned capital.

The value of capital extends beyond the amount invested. The right investor can provide strategic perspective, market access, relationships and capabilities that materially influence the trajectory of a business.

Iconic advises companies seeking private capital for expansion, acquisitions, strategic initiatives and preparation for the public markets. Drawing on our cross-border network and experience across Asia and the United States, we work with management and shareholders to define the investment proposition, determine an appropriate capital strategy and connect businesses with investors whose objectives and capabilities align with their long-term ambitions.

Our approach considers the complete investment relationship: valuation, capital structure, strategic alignment, governance and the role an investor can play in the company’s next stage of development.

For businesses with international ambitions, we place particular emphasis on capital that can create strategic advantage across markets. The objective is not simply to secure investment, but to establish relationships that strengthen the business, expand its opportunities and support its long-term path towards institutional and public-market readiness.

IPO & Direct Listing Advisory

Building the path from private enterprise to public markets.

For many high-growth businesses, becoming publicly listed represents an important stage in their long-term development. Achieving that objective requires considerably more than satisfying the technical requirements of an exchange. It requires the business itself to be ready for the standards, scrutiny and expectations of the public markets.

Iconic advises founders, boards and investors throughout the journey towards an IPO or Direct Listing. We help assess listing readiness, strengthen governance, optimise corporate structure, prepare financial reporting and develop the strategic and investor positioning required to approach the public markets with credibility.

Our involvement can begin well before a transaction is contemplated. We work with management to identify the operational, financial and organisational changes required to build a business capable of progressing towards a public listing, while coordinating with legal counsel, auditors, investment banks and other specialist advisers as the transaction advances.

With experience spanning investment, strategy and cross-border business, we bring a broader perspective to the listing process. Our focus is not solely on reaching the market, but on helping create a company that is properly positioned to operate successfully once it gets there.

 


U.S. Exchange Listing Requirements at a Glance

Summary of key initial listing standards for Nasdaq Market Tiers and the New York Stock Exchange (NYSE)

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Requirement
Category
Nasdaq Market Tiers New York Stock Exchange (NYSE)Premier Global Exchange
Nasdaq Global Select MarketHighest Tier Nasdaq Global MarketMid to Large-Cap Nasdaq Capital MarketGrowth Companies
Financial
Qualification
Must meet one of the standards
  • Net Income: $25M in each of the past 2 fiscal years1
  • Market Value of Listed Securities: $85M
  • Stockholders' Equity: $25M
  • Market Value of Public Float: $45M2
  • Operating History: 2 years
  • Net Income: $10M in the most recent fiscal year or 2 of the last 3 years1
  • Market Value of Listed Securities: $50M
  • Stockholders' Equity: $10M
  • Market Value of Public Float: $15M
  • Operating History: 2 years
  • Net Income: $750K in the most recent fiscal year or 2 of the last 3 years1
  • Market Value of Listed Securities: $50M
  • Stockholders' Equity: $4M
  • Market Value of Public Float: $15M
  • Operating History: 2 years
Must meet one of the standards
  • Earnings Test: $10M aggregate pre-tax earnings over last 3 fiscal years (with positive earnings in each year and minimum thresholds in recent years)2
  • Global Market Capitalization Test: $200M+ global market cap2
  • Other standards available for certain issuer types
Minimum
Share Price
$4.00 $4.00 $4.00 $4.00
Public Float
(Market Value)
$45 Million $15 Million $15 Million $40 Million
Publicly
Held Shares
1.1 Million3 1 Million 1 Million 1.1 Million
Shareholders
(Round Lot)
6003 400 300 400
Market Makers
(Designated)
43
3 permitted if share price ≥ $20
2 permitted if share price ≥ $100
3 3 1 Designated
Market Maker (DMM)
Corporate
Governance
  • Independent Board Majority
  • Independent Audit Committee
  • Compensation Committee
  • Nominating/Governance Committee
  • Code of Conduct
  • Compliance with Nasdaq Corporate Governance Rules
  • Independent Board Majority
  • Independent Audit Committee
  • Independent Compensation Committee
  • Nominating/Corporate Governance Committee
  • Code of Business Conduct & Ethics
Other Key
Requirements
  • SEC Reporting Compliance
  • Timely Financial Reporting
  • Internal Controls
  • Compliance with Exchange Rules
  • Ongoing Disclosure Obligations
  • Suitability Standard
  • SEC Reporting Compliance
  • Timely Financial Reporting
  • Ongoing Disclosure Obligations
  • Suitability Standard
  1. For companies with less than 3 years of operations, Nasdaq has alternative standards including market value, total assets, total revenue, and cash flow based criteria.
  2. Additional standards and modified criteria may apply to REITs, foreign private issuers, closed-end funds, business development companies and other specialised issuers.
  3. For companies with a public float of $65 million or more, or with a public float of $50 million or more and a share price of $20.00 or greater.

Standards are summary only and subject to change. Refer to exchange rules for full requirements.