INITIAL PUBLIC OFFERINGS (IPO)
WHAT IS AN IPO?
An IPO refers to the first time that shares of a private company are sold to the public. The company selling its shares, called the issuer, is usually a relatively small and young company seeking capital for its growth. Companies usually do not perform IPOs on their own but rather hire one or more investment banks, called underwriters, to facilitate the process. Underwriters help determine the appropriate type of securities to be issued, the right pricing, as well as the most favorable timing for the IPO. Most importantly, they find investors interested in buying the shares.
SKILLS REQUIRED TO WORK ON AN IPO
Investment bankers working on IPOs need to have core technical skills in valuation and financial modeling to analyze an issuing company and the market conditions. Additionally, an underwriter has the responsibility to sell the issuer’s shares to investors and the general public. That’s why networking and communication abilities are paramount. Relationship building with investors and clients is a very specific skill that can only be acquired through experience or a specialized course.
HOW CAN THE IFI TRAINING COURSE HELP ME IN MY CAREER?
Our comprehensive IFI training course will equip you with all the fundamental skills and competencies required for a successful career in finance. Following the IFI syllabus, you will master financial accounting and learn to perform valuations and build financial models. Special time will be dedicated to an overview of IPOs and you will receive additional insights from our experienced finance professionals on the pitch process and on how to form relationships with clients and investors.