IPO : a global guide / Philippe Espinasse.

Format:

Book

Author/Creator:

Espinasse, Philippe.

Language:

English

Subjects (All):

Going public (Securities).

Securities.

Physical Description:

1 online resource (375 p.)

Edition:

1st ed.

Place of Publication:

Hong Kong : Hong Kong University Press, 2011.

Language Note:

English

Summary:

In this practical guide to initial public offerings, Philippe Espinasse explains the pros and cons of turning private businesses into listed companies. In straightforward, jargon-free language he details the strategies, procedures, and documentation for different forms of listings, and describes the process of marketing and pricing an international IPO. The guide includes many real-life case studies, sample documents, an extensive glossary of terms, and a review of listing requirements for major stock exchanges. It also discusses recent developments in global equity capital markets. IPO: A

Contents:

Contents; List of tables and figures; About the author; Acknowledgements; Introduction; Part 1 Defining the parameters; 1.1 Going public; 1.2. Listing requirements, equity story and liquidity; 1.3. Selecting the optimal listing location; 1.4. The IPO corporate management team; 1.5. Who does what in an investment bank?; 1.6. Investment banking business titles; 1.7. The IPO banking team; 1.8. Bank roles and the pecking order; 1.9. Pitching for the lead roles; 1.10. Formally engaging investment banks; 1.11. How investment banks get paid; Part 2 Getting ready

2.1. Navigating the maze-the working parties on an IPO2.2. Strengthening the board; 2.3. The IPO timetable; 2.4. The IPO execution process; 2.5. Due diligence; 2.6. Financial information; 2.7. The prospectus; 2.8. Comfort letters; 2.9. Legal opinions and disclosure letters; 2.10. The question of underwriting; 2.11. Valuation; 2.12. Institutional investors; 2.13. Retail investors; 2.14. Deciding on an offer structure; 2.15. Depository receipts and depository shares; 2.16. Real estate investment trusts (REITs) and infrastructure funds; Part 3 Marketing the deal

3.1. The importance of sell-side research 3.2. Presenting to research analysts; 3.3. Briefing the syndicate; 3.4. Investor education and setting the price range; 3.5. The management roadshow; 3.6. Bookbuilding; 3.7. Public offerings; 3.8. Employee share ownership programmes (ESOPs); 3.9. Pricing; 3.10. Underwriting and other agreements; 3.11. Allocating a deal; 3.12. Closing and listing; Part 4 After the IPO; 4.1. Price stabilization; 4.2. Investor relations (IR); 4.3. Further capital raising and aftermarket transactions; 4.4. Conclusion: What makes a successful IPO?; Appendix 1 Case studies

A NASDAQ IPO: Shanda Games An NYSE IPO: Banco Santander Brasil; An LSE IPO: Essar Energy; An NYSE Euro next IPO: CFAO; A Singapore IPO: Capita Malls Asia; Appendix 2 Business and financial due diligence check-list; Appendix 3 Table of estimates for IPO fees and expenses; Appendix 4 Sample contents for an international IPO prospectus; Appendix 5 Sample risk factors for an international IPO; Appendix 6 Example of feedback form for investor education; Appendix 7 Example of manual order form for bookbuilding; Appendix 8 Initial listing requirements for major stock exchanges

Listing in New York on NASDAQ Listing in New York on the NYSE; Listing in London on the LSE; Listing in Paris, Amsterdam, Brussels, Lisbon or London on NYSE Euronext; Listing in Hong Kong on HKEx; Listing in Singapore on the SGX; Listing in Tokyo on the TSE; Listing in Sydney on the ASX

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

ISBN:

988-220-986-6

988-8053-57-4

OCLC:

761193701