Advice for IPO case interview
Hey guys I'm new here. I'm a soon to be M.Sc. finance graduate in Europe. On Thursday I have a second interview and a case study at a boutique that mainly does IPO's for smaller companies and M&A work for private companies.
The case is meant to test my strategic reasoning and ability to argue. It's supposed to be about giving advice to a fictional company on whether they should do an IPO. They scheduled my visit for not more than two hours.
I'd like some advice on how to approach such a case, what factors are most important to look at etc. I've looked around for articles/tutorials/other case studies but it mostly covers valuation and not so much the strategic parts of it. I have a list of pros/cons for doing IPO's but I'm looking for some sort of process or questions to ask myself during the case to come to a good conclusion.
Any help is greatly appreciated
IPO Case - Valuation (Originally Posted: 11/28/2009)
Guys,
I am trying to teach my self little bit of the concept and modelling behind an IPO. I am trying to learn the pricing process, Assumptions and other factors taking place.
I tried looking up in Wall street prep. But, I was not abel to find anything. Any websites with cases and answer you guys could suggest? Any books that you can suggest just for IPOs or Private Placements Thanks a bunch!
i want to learn this too
IPO valuation case study (Originally Posted: 10/29/2013)
Has anyone looked at the recent Stock Spirits IPO? I'm making a case study on the implied EV/Revenue and EV/EBITDA multiples based on the offering. The s1 provides debt at three different time frames, June 2013, Aug 2013 and Pro Forma for the deal. I think to get EV we should use market cap + pro forma net debt. Any thoughts? I'm getting an EV of 585 million pounds. Careful as the S1 provided financials in euros while the offering is in pounds. If anyone wants to do a little academic exercise I'm happy to discuss! Its vodka! I could see this as a very basic interview Q...
Has to be pro forma...because that is what the investors are buying into
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