The Ultimate Course on Investment Banking

Explore the four main investment bank activities - capital markets, advisory services, trading and brokerage, and asset management - and how IPOs fit into equity capital markets.

Explore how investment banks guide IPO timing, prepare listings, and use bookbuilding and underwriter efforts to stabilize prices, then compare SEO and debt capital markets, including bonds and loan syndications.

Explore advisory services in investment banking, focusing on M&A and restructurings. Learn how buy side and sell side bankers drive valuation, synergies, and negotiations, including private workouts and bankruptcy options.

Explore trading and brokerage in investment banks, distinguishing proprietary trading from client brokerage, and note how market making and research support liquidity, strategy, and derivatives activity.

Delve into asset management within investment banking, overseeing client investments across equities, bonds, commodities, real estate, and private equity with geographic insight and risk-aware strategies.

Identify the four main areas of investment banking—capital markets, underwriting, advisory services, trading and brokerage, and asset management—and contrast global, financial market, wholesale, and boutique advisory strategies.

Contrast transactional banking, which targets high-volume, standardized services for many clients, with relationship banking, which delivers customized, premium services to onboarded, large clients through trust-building and networking.

Learn why companies go public to finance growth, enable acquisitions with shares, boost reputation and visibility, and align management incentives through esops, while examining retail, institutional, and hedge fund investors.

Apply discounted cash flow and comparables to price an IPO, assess roadshow feedback, economic environment, and growth prospects, and use book building to set an offering price.

Explore the IPO timeline across pre-launch and execution phases, including engaging advisors, due diligence, prospectus, roadshows, book building, allocation to institutional and retail investors, and listing.

Discover how an IPO syndicate coordinates global coordinators, bookrunners, and co-lead managers to market the issue, run analyst presentations and roadshows, and split fees.

Explore the IPO pricing process from pre IPO research report to roadshows and book building, and learn how price bands, demand, and share allocation balance retail and institutional investor interests.

Explore how investment bankers stabilize ipos on listing day through overallotment, greenshoe option, and market actions that manage price, demand, and supply.

Seasoned equity offerings allow a listed company to raise more funds without an IPO, using existing disclosures, market-based valuation, and lower marketing and fees than an IPO.

Discover debt offerings in the capital markets, including bonds, securitization, and loan syndication, and how fixed rate, floating rate, convertible bonds, and asset backed securities are priced with credit ratings.

Explore how credit ratings from S&P, Moody's, and Fitch classify bonds from triple A to C, distinguish investment grade from junk, and show how ratings shape borrowing costs.

Explore securitization by transforming bank NPAs into assets via a special purpose vehicle, raising funds through bonds, and issuing asset-backed securities backed by a pool of receivables.

Explore how project finance uses SPVs to fund long-term infrastructure, with non-recourse or limited recourse loans, bank covenants, and milestone-driven cash flows.

Explore why mergers and acquisitions occur, with synergies, product extensions, and acquiring patents and R&D. Understand the deal life cycle across startup, growth, mature, and declining revenue firms.

Compare private transaction, auction, and tender offer approaches for acquiring targets, and follow a multi-step M&A process from teaser to due diligence and negotiation.

Price an M&A deal by distinguishing equity value from enterprise value and applying DCF, comparables (trading and transaction multiples), LBO, and market price to guide negotiation and determine fair value.

Compare cash and stock as consideration in mergers and acquisitions, noting ownership dilution, crystal value, and the earn out mechanism to bridge bid-ask gaps.

The lecture contrasts financial and corporate buyers in M&A, explains synergies and capital gains for financial buyers, and outlines risk profiles across venture capital, private equity, and LBO funds.

Restructuring helps distressed firms decide if recovery is viable by weighing creditor recovery versus the costs of keeping the firm afloat amid cash shortfalls and obsolescence.

Explore how to restructure a distressed company by analyzing the balance sheet and pursuing asset-side and liability-side options, including debt refinancing, moratoriums, and debt equity swaps.

Explore how investment banks' trading desks operate, including market making, brokerage, proprietary trading, asset management, and hedge fund arbitrage opportunities, with short and long horizon strategies.

Explore major financial instruments traded by banks and institutions, including equities (blue chips, large/mid/small caps) and bonds. Learn how credit ratings and derivatives enable hedging and speculation.

Explore asset management as an investment bank activity that manages client funds, selects investments across traditional assets, alternatives, and funds, balancing risk and return for high-net-worth and institutional investors.

Private equity funds, usually organized as limited partnerships, acquire and restructure target companies through LBO to boost value and exit, with a 2/20 compensation for general and limited partners.