Episode Details
Back to Episodes31. Equity Capital Markets 101: The IPO
Description
Whether you are an investment banker working with the hottest new tech start up to take it public, working in private equity and 'exiting' an investment, OR you're considering a role in a startup with the goal of one day hitting it big, you must understand the critical function of IPOs in the lifecycle of a company.
In today's episode we use two companies that exemplify the classic 'sponsor backed IPO;, Birkenstock, and a more 'techy' IPO, Instacart, to answer the questions:
- HOW and WHY would a company go public?
- What is the role of an investment banker in the process?
- What are the fees?
- What is the difference between primary vs. secondary shares?
- What is the difference between valuation and pricing?
- What is the purpose of the IPO discount?
- What is a greenshoe and why is it used?
And much much more!
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