The IPO Perimeter Problem: What Are Investors Actually Buying in a Professional Services Firm?

by Henrico Dolfing on henricodolfing.chArticle

On 1 October 2026, the Financial Times reported that RSM was exploring a possible initial public offering. The firm had been sounding out bankers and upgrading internal systems to preserve the option of a listing as private equity-backed competitors expanded. No decision had been taken. Public…