Modelling for IPO

Hi,

I am preparing a model for a company about to go IPO in a few days. The amount of proceeds is roughly certain, say, $1,000. The company has clear plan to utilize the proceeds - $900 to fund new capex and $100 to add to working capital

I am calculating free cash flow to firm and free cash flow to equity. I suspect I cannot use the usual formulae, especially for the capex component because the company will not really use the cash flows generated from operations to fund the capex. But I am not sure what are the exact impacts on FCFF and FCFE

Appreciate it if anyone could kindly help. Thanks. 

1 Comments
 

Explicabo voluptas sint omnis odio eos inventore aut sed. Tempore consequatur nostrum ad praesentium deserunt totam molestias. Optio molestiae adipisci ipsa sit deleniti mollitia. At nesciunt minima ducimus ullam.

Accusamus velit quod tenetur sed soluta. Enim cupiditate aut reiciendis maxime et ea perferendis. Perspiciatis quo recusandae perferendis. Labore earum quis dolore quia porro. Debitis modi autem molestiae ut cum vitae et.

Aliquam modi laborum explicabo eum in facere. Iure ab qui velit dolor temporibus esse. Et ut praesentium accusamus. Deserunt molestias tempore aut ea animi. Aut labore distinctio recusandae repellendus dolores libero.

Career Advancement Opportunities

July 2026 Investment Banking

  • Evercore 01 99.4%
  • Moelis & Company 01 98.9%
  • JPMorgan 01 98.3%
  • Goldman Sachs 01 97.8%
  • Guggenheim Partners No 97.2%

Overall Employee Satisfaction

July 2026 Investment Banking

  • Moelis & Company No 99.4%
  • Evercore No 98.9%
  • Morgan Stanley 01 98.3%
  • Banco Santander 02 97.7%
  • BMO Capital Markets 12 97.2%

Professional Growth Opportunities

July 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

July 2026 Investment Banking

  • Vice President (16) $429
  • Associates (46) $258
  • 3rd+ Year Analyst (8) $210
  • 2nd Year Analyst (22) $179
  • Intern/Summer Associate (14) $159
  • 1st Year Analyst (81) $150
  • Intern/Summer Analyst (73) $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

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...”