Questions we are asked every week
Straight answers on process, cost, timing, refunds and how we verify candidates. If your question is not here, ask us directly — we reply within 24 hours.
Why must the CFO have fully experienced a US IPO?
SEC regulations demand deep, hands-on expertise across the entire IPO process—S-1 filing, roadshow, SOX 404 compliance, and audit readiness. Candidates without end-to-end experience often falter during due diligence or first quarterly earnings, risking delays or regulatory exposure. We exclusively source US-listed CFOs with verified, full-cycle IPO leadership.
What is the cost?
Fee is success-based—no upfront service fee. A 30% deposit is required to launch search (typically $80K–$120K for CFO roles), with balance due upon signed offer. Final fee is confirmed in writing pre-engagement, with zero hidden costs or markup.
How long does it take to find someone?
Within 24 hours of deposit, we deliver 8–10 pre-vetted candidates. Average time-to-signature is 11 days—including interviews, replacements, and final offer. If no fit emerges, we issue new shortlists within 24 hours—replacing until signed, at no extra cost.
How do you ensure overseas candidates can onboard and collaborate effectively?
All candidates are US/CA/UK-based Western executives with valid work authorization (H-1B, L-1, green card, or citizenship), ready for immediate full-time relocation or remote-first engagement. We verify current employment status, notice period, and relocation readiness—clearly noted in each shortlist.
Can we hire on a part-time or advisory basis only?
Yes—we offer full-time, part-time advisory, and IPO-phase-specific engagements (e.g., S-1 drafting, SOX implementation). All advisors must have full-cycle US IPO experience. Fees are project-based or monthly, with scope and duration defined in contract.
Is the deposit refundable?
Yes, fully refundable. If no qualified candidates are delivered after search launch—or all shortlisted candidates fail initial client screening—the deposit is refunded 100% within 3 business days, no deductions or conditions apply.
How are you different from general executive search firms?
We exclusively recruit CFOs and C-suite executives with full-cycle U.S. IPO (NASDAQ/NYSE) or SPAC merger experience. Candidates must be former partners from Goldman Sachs, Morgan Stanley, or Big Four. We do not handle non-U.S. listings, non-C-suite roles, or candidates without hands-on IPO execution.
Are CFO requirements the same for SPAC vs. traditional IPO?
Core competencies overlap, but emphasis differs: IPO CFOs need deep SEC reporting and roadshow expertise; SPAC CFOs prioritize deal-timing discipline, reverse merger integration, and PIPE coordination. We match only pre-vetted candidates aligned with your specific path.
How do you handle language and compensation for foreign CFOs hired by Chinese companies?
All candidates speak fluent business English and basic Mandarin (some support bilingual assistants). Compensation aligns with U.S. public-company CFO benchmarks—equity, bonus, and cross-border tax structuring guidance provided. We do not process payroll or guarantee visa outcomes.
Is starting the CFO search 18 months pre-IPO too late?
Not too late—but it’s the latest viable window. We’ve placed CFOs who joined 12–18 months pre-IPO to lead financial system upgrades, SOX controls, and pre-audit alignment. Earlier engagement significantly increases access to top-tier, pre-committed talent.
Do you handle HKEX or A-share CFO placements?
No. 51CFO exclusively serves U.S. public markets (NASDAQ, NYSE, SEC, SPAC) and only places U.S.-IPO-experienced, Western-executive CFOs/C-levels. We do not cover HKEX, A-shares, NEEQ, or other non-U.S. capital markets.
How do you verify candidate backgrounds?
Each candidate is cross-verified by partners: EDGAR filings confirm IPO role; LinkedIn/company annual reports are checked; HR and two former colleagues are interviewed by phone; and Big Four/investment bank exit letters + IPO signature documents are compared.
Can I see full resumes after signing the NDA?
Yes—full PDF resumes (education, career path, IPO details, comp range) are shared immediately post-NDA. Candidate contact info is released only after interview scheduling begins, ensuring privacy and compliance.
What if none of the first shortlist candidates work out?
We replenish until签约: if all 8–10 initial candidates are unsuitable, a new targeted search launches within 24h. Unlimited replenishments are provided at no extra cost until client signs with a matched candidate.
Who is responsible if issues arise after the CFO starts?
Post-start issues unrelated to material misrepresentation in our vetting (e.g., cultural fit, business shifts) fall outside scope. If major factual inaccuracies in our verification are proven, liability and deposit refund follow the agreement terms.
How are compensation and equity negotiated?
We do not negotiate terms. We provide historical cash/equity benchmarks from candidates’ prior U.S. IPO companies (per SEC filings) and clarify SEC-compliant structures. Final terms are agreed directly between client and candidate; we can connect qualified U.S. comp counsel if needed.
Can you provide 2–3 candidates for side-by-side comparison?
Yes. Our initial shortlist includes 8–10 pre-vetted candidates, each with IPO role, background highlights, and confirmed availability. You may compare any subset—no extra steps or fees apply.
Do you only place CFOs?
No. We specialize in core C-suite roles for U.S. IPOs: CFO, CAO, General Counsel, IR Head, and Chief Accounting Officer—all must have completed a full NASDAQ/NYSE IPO process.
How do we get started?
You share requirements (stage, role scope, must-have criteria) in ≤10 minutes. We confirm same-day if we can proceed. Upon deposit, we launch targeted search and deliver the first 8–10 verified candidates within 24 hours.
Send the role, location, budget and deadline. We answer the same day on whether we can take it on — and if we take it, the first shortlist arrives within 24 hours.
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