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Lesson details

INITIAL PUBLIC OFFERING (IPO)
2018-2019	EnIESEG School of Management ( IÉSEG )
Class code :	1819-IÉSEG-M1S1-FIN-MA-EI72UE	FINANCE

Level	Year	Period	Language of instruction
Master	1	S1	EnEnglish

Academic responsibility	R.SAITO
Lecturer(s)	R.SAITO

IÉSEG > IESEG Degree - Programme Grande École > Semester 1 > 2,00 ECTS

Prerequisites

Students who register for this course should be familiar with
1. Corporate Finance
2. Accounting
3. Business Strategy

Learning outcomes

At the end of the course, the student should be able to :
-understand how privately owned firms go public by way of an initial public offering (IPO);
-understand the importance of a well functioning IPO market to economic growth.
-understand the process of an initial public offering.
-understand the roles of the investment bank, the venture capitalist, the corporate lawyers and the investors in an IPO

Course description

In this course, we will discuss a firm’s decision to go public and develop an IPO plan that best meets the firm’s objectives. To do this, we will discuss the advantages and disadvantages of going public and its implications. The topics include 1) timeline of a firm going public, 2) a young firm vs. an established firm going public, 3) IPO listing methods (such as book-building, fixed-price, dutch auction), 4) regulatory requirements, and 5) case studies of PetroChina and Google

Class type

Class structure

Type of course	Numbers of hours	Comments
Face to face
Coaching	4,00	Cases will be discussed
Interactive class	12,00	Lectures based on discussion on the reading list
Independent study
Estimated personal workload	10,00	Individual readings and assignements
Group Project	24,00	Based on the project assignment
Total student workload	50,00