In an IPO, this implies that top managers’ short-term focus on financial measures, arising from sensemaking during the encounter period, will be taken for granted after some time as the managers have learnt what it is like to be a manager of a listed company. The state of being adapted and having assumed an insider role are indications of the completion of the socialization (Louis, 1980). This does not mean that the top managers necessarily have to sympathize with a short-term financial focus, but rather that they have come to understand and accept what it means to be on the stock exchange.