51CFO client cases
Client Cases

35 listing projects - each with a name, each under NDA

We publish only what we can: sector, route, days to onboard, time to listing. Client names are anonymised; the full list is available under NDA.

Home/Client Cases
Track Record

Four numbers behind the 35 projects

No slide-deck adjectives. Just traceable project records: sector, route, days to onboard, months to listing.

35
US listing projects carried end to end
17
Direct IPOs
13
SPAC mergers (plus 5 OTC uplistings)
51days
Average CFO onboarding (fastest 36 days)
All 35 Cases

All 35 records - filter by listing route

Every line can be traced, under NDA, to a specific person, date and filing record.

#01Direct IPO

Energy Storage · Cathode Materials

ExchangeNASDAQ
RevenueUS$60–90M
We DeliveredWestern CFO + Finance Director
CFO Onboarded51 days
Time to ListingFiled F-1 in 9 months
2023 Q4 · Financial sections cleared two SEC comment rounds in one pass.
#02SPAC Merger

Biotech · Cancer Immunotherapy

ExchangeNASDAQ
RevenueUS$15–30M
We DeliveredWestern CFO
CFO Onboarded46 days
Time to ListingDe-SPAC closed in 7 months
2024 Q1 · Closed three years of US GAAP audits before merger; De-SPAC cleared first time.
#03Direct IPO

SaaS · Enterprise Collaboration

ExchangeNASDAQ
RevenueUS$40–60M
We DeliveredCFO + SEC Reporting Manager
CFO Onboarded39 days
Time to ListingFiled F-1 in 8 months
2024 Q2 · Revenue recognition fixed up front; two fewer comment rounds.
#04Direct IPO

Smart Hardware · Robot Vacuums

ExchangeNASDAQ
RevenueUS$120–180M
We DeliveredWestern CFO
CFO Onboarded60 days
Time to ListingListed in 10 months
2023 Q3 · Rebates and revenue model rebuilt to SEC standards.
#05SPAC Merger

Cross-Border E-Commerce · DTC Brand

ExchangeNASDAQ
RevenueUS$80–110M
We DeliveredCFO + Head of IR
CFO Onboarded55 days
Time to ListingDe-SPAC closed in 6 months
2024 Q3 · Consolidation and cross-border tax structure delivered in parallel.
#06Direct IPO

Semiconductors · Analog Chips

ExchangeNASDAQ
RevenueUS$50–70M
We DeliveredCFO + Internal Controls Director
CFO Onboarded63 days
Time to ListingFiled F-1 in 11 months
2023 Q1 · Share-based comp restated retrospectively; filing came back clean.
#07SPAC Merger

Medical Devices · Minimally Invasive

ExchangeNASDAQ
RevenueUS$20–35M
We DeliveredWestern CFO
CFO Onboarded48 days
Time to ListingDe-SPAC closed in 8 months
2024 Q4 · PCAOB inspection items self-remediated; no follow-up comments.
#08Direct IPO

Consumer Chain · Fresh Tea Drinks

ExchangeNASDAQ
RevenueUS$130–160M
We DeliveredWestern CFO
CFO Onboarded57 days
Time to ListingListed in 12 months
2022 Q4 · Store-level revenue model rebuilt to SEC standards before listing.
#09OTC Uplisting

Online Education · Vocational Training

ExchangeNYSE American
RevenueUS$25–40M
We DeliveredFinance Director + SEC Reporting Manager
CFO Onboarded41 days
Time to ListingUplisted in 7 months
2023 Q2 · OTC to a national exchange with reporting up to standard first time.
#10Direct IPO

Industrial · Precision Components

ExchangeNASDAQ
RevenueUS$70–95M
We DeliveredWestern CFO
CFO Onboarded52 days
Time to ListingFiled F-1 in 9 months
2024 Q1 · Related-party and cost disclosures unified.
#11SPAC Merger

Automotive Electronics · Smart Cockpit

ExchangeNASDAQ
RevenueUS$60–85M
We DeliveredWestern CFO + Finance Director
CFO Onboarded44 days
Time to ListingDe-SPAC closed in 7 months
2023 Q4 · Revenue timing restated under ASC 606 before merger close.
#12Direct IPO

Medical Devices · IVD

ExchangeNASDAQ
RevenueUS$45–65M
We DeliveredWestern CFO
CFO Onboarded58 days
Time to ListingFiled F-1 in 10 months
2024 Q2 · R&D capitalisation policy agreed with the auditor in advance.
#13SPAC Merger

New Energy · PV Modules

ExchangeNASDAQ
RevenueUS$100–140M
We DeliveredCFO + Head of IR
CFO Onboarded61 days
Time to ListingDe-SPAC closed in 8 months
2023 Q3 · Dual-currency revenue and hedging disclosures delivered together.
#14Direct IPO

Cloud · Data Infrastructure

ExchangeNASDAQ
RevenueUS$35–55M
We DeliveredWestern CFO + Finance Director
CFO Onboarded47 days
Time to ListingFiled F-1 in 9 months
2025 Q1 · Subscription revenue and ARR disclosure rebuilt.
#15SPAC Merger

Biopharma · CRO Services

ExchangeNASDAQ
RevenueUS$30–50M
We DeliveredWestern CFO
CFO Onboarded43 days
Time to ListingDe-SPAC closed in 6 months
2024 Q2 · Project cost allocation model approved first time.
#16Direct IPO

Fintech · Cross-Border Payments

ExchangeNYSE
RevenueUS$90–120M
We DeliveredCFO + Internal Controls Director
CFO Onboarded66 days
Time to ListingListed in 13 months
2023 Q1 · Client fund segregation and BSA/AML controls completed before listing.
#17OTC Uplisting

Entertainment · Live Streaming

ExchangeNYSE American
RevenueUS$20–30M
We DeliveredFinance Director + SEC Reporting Manager
CFO Onboarded38 days
Time to ListingUplisted in 6 months
2024 Q1 · Streamer revenue share costed properly; uplisting approved.
#18SPAC Merger

AgTech · Vertical Farming

ExchangeNASDAQ
RevenueUS$15–25M
We DeliveredWestern CFO
CFO Onboarded49 days
Time to ListingDe-SPAC closed in 7 months
2023 Q2 · Biological assets moved to fair value before merger close.
#19Direct IPO

Logistics · Cross-Border Freight

ExchangeNASDAQ
RevenueUS$80–100M
We DeliveredWestern CFO + Finance Director
CFO Onboarded54 days
Time to ListingFiled F-1 in 11 months
2024 Q3 · Deferred revenue and per-shipment costing rebuilt before filing.
#20SPAC Merger

Smart Home · Whole-Home Systems

ExchangeNASDAQ
RevenueUS$40–60M
We DeliveredCFO + Head of IR
CFO Onboarded51 days
Time to ListingDe-SPAC closed in 8 months
2025 Q1 · Distributor rebate and revenue reversal policy unified.
#21OTC Uplisting

Food · Prepared-Meal Supply Chain

ExchangeNYSE American
RevenueUS$30–45M
We DeliveredFinance Director + SEC Reporting Manager
CFO Onboarded36 days
Time to ListingUplisted in 5 months
2024 Q4 · Inventory write-downs and cold-chain costs disclosed; uplisting approved.
#22Direct IPO

SaaS · HR Tech

ExchangeNASDAQ
RevenueUS$25–40M
We DeliveredWestern CFO
CFO Onboarded45 days
Time to ListingFiled F-1 in 9 months
2025 Q2 · Deferred revenue and renewal retention analytics standardised.
#23SPAC Merger

Cybersecurity · Zero Trust

ExchangeNASDAQ
RevenueUS$20–35M
We DeliveredWestern CFO + Finance Director
CFO Onboarded53 days
Time to ListingDe-SPAC closed in 7 months
2024 Q3 · Subscription contract changes and revenue recognition fixed up front.
#24Direct IPO

Advanced Materials · Electronic Gases

ExchangeNASDAQ
RevenueUS$55–75M
We DeliveredWestern CFO
CFO Onboarded62 days
Time to ListingListed in 12 months
2023 Q4 · Capacity utilisation and depreciation basis unified; listing approved.
#25SPAC Merger

Auto Parts · Lightweighting

ExchangeNASDAQ
RevenueUS$70–95M
We DeliveredCFO + Head of IR
CFO Onboarded59 days
Time to ListingDe-SPAC closed in 9 months
2025 Q1 · Customer concentration and mitigants disclosed together before merger.
#26OTC Uplisting

Digital Health · Online Hospital

ExchangeNYSE American
RevenueUS$18–28M
We DeliveredFinance Director + SEC Reporting Manager
CFO Onboarded40 days
Time to ListingUplisted in 6 months
2024 Q2 · Platform commissions moved to net basis; uplisting approved.
#27Direct IPO

Gaming · Mid-Core Mobile

ExchangeNASDAQ
RevenueUS$35–50M
We DeliveredWestern CFO
CFO Onboarded50 days
Time to ListingFiled F-1 in 10 months
2023 Q3 · Virtual item revenue deferral model accepted.
#28Direct IPO

Environmental · Solid Waste Treatment

ExchangeNYSE
RevenueUS$60–85M
We DeliveredCFO + Internal Controls Director
CFO Onboarded64 days
Time to ListingListed in 13 months
2022 Q4 · BOT revenue and concession amortisation restated before listing.
#29SPAC Merger

Semiconductors · Packaging & Testing

ExchangeNASDAQ
RevenueUS$65–90M
We DeliveredWestern CFO + Finance Director
CFO Onboarded56 days
Time to ListingDe-SPAC closed in 8 months
2024 Q4 · Related-party foundry revenue restated on a net basis.
#30Direct IPO

Consumer Electronics · Audio

ExchangeNASDAQ
RevenueUS$45–65M
We DeliveredWestern CFO
CFO Onboarded48 days
Time to ListingFiled F-1 in 9 months
2025 Q2 · IP licensing revenue split out for disclosure before filing.
#31SPAC Merger

AI · Industry LLMs

ExchangeNASDAQ
RevenueUS$15–30M
We DeliveredWestern CFO + Finance Director
CFO Onboarded42 days
Time to ListingDe-SPAC closed in 6 months
2025 Q3 · Compute cost capitalisation aligned with the auditor in advance.
#32OTC Uplisting

E-Commerce · Recommerce

ExchangeNYSE American
RevenueUS$25–35M
We DeliveredFinance Director + SEC Reporting Manager
CFO Onboarded37 days
Time to ListingUplisted in 5 months
2025 Q1 · Consignment revenue moved to net basis; uplisting approved.
#33Direct IPO

Energy · C&I Storage

ExchangeNASDAQ
RevenueUS$50–70M
We DeliveredWestern CFO
CFO Onboarded52 days
Time to ListingFiled F-1 in 10 months
2025 Q3 · EPC revenue recognised over time and accepted.
#34SPAC Merger

Biotech · Gene Sequencing

ExchangeNASDAQ
RevenueUS$20–40M
We DeliveredCFO + Head of IR
CFO Onboarded46 days
Time to ListingDe-SPAC closed in 7 months
2025 Q2 · Equipment leasing and consumables revenue split consistently.
#35Direct IPO

Mobility · Battery Swap

ExchangeNYSE
RevenueUS$40–60M
We DeliveredFull finance team (CFO / FD / Controls / SEC Reporting)
CFO Onboarded68 days
Time to ListingListed in 14 months
2024 Q1 · Finance org built from zero; PCAOB requirements met first time.

Under NDAs with our clients, names, tickers and transaction details are shown in anonymised form. Figures are internal project records; the full case list and references are available under NDA.

FAQ

Five questions clients ask about this data

Are these 35 projects actually yours?

Yes. Every one was delivered by the 51CFO team. Client names are anonymised under NDA to "sector + listing route + period". Under an NDA we can map each line to specific people, dates and filing records.

How is the 51-day figure calculated?

Calendar days from engagement (deposit paid, search started) to the candidate's first day, averaged across all 35 projects. The range is 36–68 days — fastest on OTC uplistings, slowest where a full finance team had to be built from zero.

"Time to listing" and "days to onboard" are different?

Yes. "Days to onboard" is our delivery milestone. "Time to listing" counts months from kickoff to F-1 filing / listing / De-SPAC close, and depends on the company's own audit, controls and intermediary timeline. We own the finance line, not the whole clock.

Why no client names?

We sign NDAs with every client. What we can say publicly: 35 projects across NASDAQ and NYSE / NYSE American, revenue from US$15M to US$180M — 17 direct IPOs, 13 SPAC mergers, 5 OTC uplistings. Under NDA we can point you to verifiable public filing records.

Can I see cases in my sector?

Yes. Tell us your sector and listing route when you book the free diagnostic. We start with how many cases sit in that bucket and how long onboarding took there — then work out what kind of person the seat actually needs.

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Mr HAI online · ask anything
Mr H · 51CFO IPO AdvisorOnline · replies in seconds
Hi, I'm Mr H, 51CFO's AI IPO advisor — online 24/7 with instant replies. We do one thing: help companies list on NASDAQ and the NYSE, placing Western CFOs and C-level executives who have run a complete US IPO cycle. Whether you want to hire a CFO, invite an expert speaker, or discuss a partnership, just tell me — or ask anything about going public in the US.