Proposição de uma matriz de requisitos para IPO na B3 alinhada às boas práticas de governança e compliance

Abstract

The dissertation addresses the Initial Public Offering (IPO) process in the Brazilian context, focusing on the corporate governance and compliance requirements established by the Securities and Exchange Commission of Brazil (CVM) and B³ (Brasil Bolsa Balcão). The primary objective of the study is to propose a matrix of requirements for companies preparing to go public, offering a tool that assists in the organization and execution of the IPO in accordance with best practices and regulatory demands. To achieve this, a method was developed using a planning matrix artifact, which encompasses three essential dimensions: Planning, Corporate Governance, and Compliance. The methodology used was based on Design Science (DS) and the Design Science Research (DSR) method, allowing for the creation and validation of the artifact through feedback collection from experienced capital market professionals. The research identified the main benefits of an IPO, such as raising capital and professionalizing management, but also highlighted challenges like high costs and the need for adaptation to regulations. The validation of the method indicated its applicability and relevance to the Brazilian context, contributing both to academic literature and business practice. The study's limitations include its focus on the Brazilian market and the complexity of the IPO process, which may require additional support for companies with less maturity in governance and compliance. The conclusion is that the proposed method can facilitate company preparation for the IPO, mitigating risks and promoting greater security in the process, thereby contributing to the development of the capital market in Brazil.