Overview

This course offers a thorough exploration of how companies access public markets through initial public offerings (IPOs) and related equity transactions. You will gain valuable knowledge of the strategies, structures, and processes behind successful IPOs, equipping you to navigate the complexities of capital markets. Throughout the course, learners will understand the key aspects of IPO transactions, such as selecting the right IPO candidates, organizing syndicates, and exploring alternative public offerings like SPACs and direct listings. The course covers the entire IPO journey, from team selection and due diligence to pricing and allocation. What makes this course unique is its practical, step-by-step approach to the IPO process, blending finance-driven theory with real-world decision-making. You will gain insights into the execution of capital market transactions and the operational workflows that bring companies to the public market. This course is designed for professionals in investment banking, corporate finance, and equity markets, as well as anyone interested in the IPO process. Some knowledge of finance and accounting is recommended to get the most from this course. This course is part three of a three-course Specialization designed to provide a comprehensive learning pathway in this subject area. While it delivers standalone value and practical skills, learners seeking a more integrated and in-depth progression may benefit from completing the full Specialization. Copyright © 2022 by Joshua Rosenbaum and Joshua Pearl. All rights reserved. Used by arrangement with John Wiley & Sons, Inc.

Syllabus

Initial Public Offerings

This module explores the fundamentals of taking a company public, including the characteristics of strong IPO candidates, the roles of key participants, and the mechanics of IPO structures. Learners will also compare alternative public offering methods such as SPACs and direct listings, and understand post-IPO equity transactions. By the end, you will gain a comprehensive understanding of the IPO process and its critical success factors.

The IPO Process

This module guides learners through the end-to-end process of taking a company public, from assembling the IPO team and managing corporate housekeeping to drafting key documents and executing the roadshow. Participants will gain insight into legal structures, offering strategies, regulatory filings, and the critical steps involved in pricing and allocating shares. By the end, learners will understand the practical and strategic considerations essential for a successful IPO.