會員專區 會員登入
會員登記忘記密碼
尋找門市
IPO A GLOBAL GUIDE-- Expanded Second Edition
作者 Philippe Espinasse
出版社 Hong Kong University Press
ISBN 9789888083190
分類 Business & Finance > Finance
價格 HK$300.00
 
匯率只供參考
貨幣兌換參考
匯率只供參考
本網站未能顯示存貨,書籍資料僅供參考。
如欲查詢店存或選購,請致電或親臨門市了解更多。
 更多資料
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.

This fully revised paperback edition includes additional case studies, information on recent regulatory changes, and new sections on Malaysia and business trusts in Singapore and Hong Kong. IPO: A Global Guide is applicable to any financial jurisdiction, including emerging markets in the Asia-Pacific region, the Middle East, and Eastern Europe. Intended for entrepreneurs, market practitioners and students, this guide will be essential reading for anyone planning to take a company to market.


About the Author:

Philippe Espinasse was a senior investment banker for more than 19 years. He has worked on IPOs and capital markets transactions in 30 countries.


List of tables and figures
About the author
Acknowledgements
Preface
Introduction to the first edition

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 IPO
2.2. 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, due diligence reports 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. Depositary receipts and depositary shares
2.16. Real estate investment trusts (REITs)
2.17 Business trusts 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. Pre-deal investor education (PDIE) 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?

Appendices
Appendix 1: Case studies
- A NASDAQ IPO: Shanda Games
- An NYSE IPO: Banco Santander Brasil
- An LSE IPO: Essar Energy
- An NYSE Euronext IPO: CFAO
- A Hong Kong IPO: L’Occitane
- A Singapore IPO: CapitaMalls Asia
- A Bursa Malaysia and Singapore IPO: IHH Healthcare
Appendix 2: Business and financial due diligence check-list
Appendix 3: Table of estimates of IPO fees and expenses
Appendix 4: Sample contents of 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 Frankfurt on Deutsche Borse
- Listing in Zurich on the SIX
- Listing in Dubai on Nasdaq Dubai
- Listing in Hong Kong on HKEx
- Listing in Singapore on the SGX
- Listing in Kuala Lumpur on Bursa Malaysia
- Listing in Tokyo on the TSE
- Listing in Sydney on the ASX

Notes
Glossary
Further reading
Index


本網站建議瀏覽環境: Chrome/Firefox/Internet Explorer 9.0+; 屏幕解像度1024x768或以上
©1999-2020 商務印書館(香港)網上書店有限公司 版權所有
放入暫存架