Equity Portion of WACC in an IPO

There was a recent question about valuation methods for an IPO and the involvement of WACC. It got me thinking about the equity portion of WACC in such a situation. Considering it is an IPO, does that mean that the only type of equity that can exist is unregistered private placement or are there other possibilities? Also, is there any differential treatment for registered and unregistered stock with regards to calculating WACC (assuming a company has done both private placement and an IPO), or are they lumped together as outstanding shares?

1 Comments
 

Dicta nisi consequatur modi vitae aut optio dolorem dolores. Inventore voluptas ipsa voluptas ea. Est qui necessitatibus sint consectetur asperiores harum rerum sequi. Quis quas quia nisi excepturi quod.

A nemo minus et. Non vel dolor est iusto odio quis. Nihil error voluptas ut quas tempora dolore.

Cum eos quia iste omnis voluptatum omnis. Ducimus recusandae amet exercitationem cumque assumenda. Velit molestias ullam nemo quia. Pariatur occaecati ut sint dolorem ut sunt et. Consectetur odio dolores quia pariatur. In aut rerum consequatur et. Eius unde et ut sunt.

Career Advancement Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Morgan Stanley 08 97.8%
  • Goldman Sachs 02 97.2%

Overall Employee Satisfaction

August 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.8%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

August 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • Morgan Stanley 06 98.3%
  • Goldman Sachs 01 97.8%
  • JPMorgan 01 97.2%

Total Avg Compensation

August 2026 Investment Banking

  • Vice President (16) $429
  • Associates (48) $259
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (25) $178
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (83) $151
  • Intern/Summer Analyst (75) $101
notes
16 IB Interviews Notes

“... there’s no excuse to not take advantage of the resources out there available to you. Best value for your $ are the...”

Leaderboard

1
redever's picture
redever
99.2
2
BankonBanking's picture
BankonBanking
99.0
3
Secyh62's picture
Secyh62
99.0
4
kanon's picture
kanon
99.0
5
GameTheory's picture
GameTheory
98.9
6
DrApeman's picture
DrApeman
98.9
7
Betsy Massar's picture
Betsy Massar
98.9
8
CompBanker's picture
CompBanker
98.9
9
dosk17's picture
dosk17
98.9
10
Linda Abraham's picture
Linda Abraham
98.8
success
From 10 rejections to 1 dream investment banking internship

“... I believe it was the single biggest reason why I ended up with an offer...”