Summary |
This book aims at providing an overview of these traditional investment banking activities. It basically covers equity offerings (IPOs, SEOs, rights issues), debt offerings (bond issues and syndicated loans), and advisory on M&As, LBOs, and other restructuring transactions. I started to use these notes in the investment banking course I lecture in the M.Sc. in finance at Universita Bocconi. Three main features of this guide should be pinpointed. First, it is not a corporate finance book: the focus here is on the role of the investment banks in the different transactions. Although the technical aspects of each investment banking deal are covered, all the corporate finance concepts (including company valuation) are considered pre-requisites. Second, this book blends practical tools and academic research. However, I decided to include research findings only if they have direct implications in real-life situations. Finally, this guide is intended to be used in graduate courses on investment banking to complement a set of case studies. Therefore, it should be considered as a quick reference guide, rather than a comprehensive handbook on investment banking.
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