Initial Public Offerings

The international market for Initial Public Offerings, IPOs, has evolved quite dramatically in last several years, with a substantial change in both the profile of companies accessing the public equity market (e.g., “gig-economy” companies) and the strategies for executing the Initial Public Offer (e.g., SPACS). In this rapidly changing environment it is of upmost importance to remain up-to-date on the cutting-edge state of the art in this market segment. 

The program is based on three days of instruction. The first day is optional, and is devoted to a review of relevant valuations techniques, with a specific emphasis on Initial Public Offerings. The second and third day provide an in-depth analysis of the inner workings of market for Initial Public Offerings. The course is a blend of lectures, case analysis, and practical exercises. 

An additional amount of €  1100.- will be charged for the optional day.

How you will benefit 

• Gain an up-to-date overview of the current state of the international market for Initial Public Offerings 
• Take part in an in-depth discussion of the costs and benefits of public offers 
• Examine in detail the process for executing a public offer: What should a company expect and how to prepare for it?  
• Understand IPOs as an asset class: What is the post-IPO performance? 

Program length
2/3 days

Day 1 (note: day 1 is optional) 

Overview of Valuation Techniques for IPOs  

Topics will include:  

• IPO valuation: the use (and misuse) of multiples  
• IPO valuation: the challenges of the Discounted Cash-Flow (DCF) approach  
• Real options and the valuation of growth companies  
• Practical case studies  

Day 2  

Current trends in the market for IPOs  

Topics will include:  

• Introduction to the IPO market and current trends 
• Going public and the IPO process: costs and benefits 
• Going public with SPACS 
• Practical case studies 
   

Day 3 

Preparing and marketing IPOs
The post-IPO performance  

 Topics will include:  

• When to go public and why 
• Preparing and marketing IPOs 
• The post-IPO performance 
• Practical case studies 

Please note that the first day of this program is optional, and is devoted to a review of relevant valuations techniques, with a specific emphasis on Initial Public Offerings.  

• This program is primarily aimed at investment banking professionals engaged in Initial Public Offerings.  
• Executives in companies considering an Initial Public Offering will greatly benefit from attending as they will learn what to expect from an IPO and how to prepare for it.  
• Equity market investors interested in better understanding risk and opportunities in the market for Initial Public Offerings will also benefit.
• Any finance professionals wanting to gain a solid overview of today’s IPO market segment.