Most Helpful

At the crux of it, IPO valuation is no different than any other type of valuation - will still use DCF / comps as the main methodologies to arrive at a fully-distributed equity value. The only additional considerations are 1) an IPO discount and 2) concept of pre- and post-money. In practice, additional data points such as feedback from testing the waters will factor into how you ultimately price the book, however, that's not a "hard skill" that you can learn via modelling tutorials. 

 

It’s mostly comps. Most efforts go into peer selection and crafting/understand the equity story to emphasise one comp set more than the other. DCF can be important depending on analysts but most often public comps is key. 
 

then as said you need to factor in pre vs. Post money as well as IPO discount if you’re evaluating the returns of a sponsor 

 

Excepturi dolor laborum velit exercitationem voluptatum. Repellendus dignissimos fugiat iste voluptas. Nobis minus porro maiores. Ab eos doloribus aliquid possimus. Atque veritatis voluptas architecto quia laboriosam rem. Velit est doloribus deserunt corrupti dolorem.

Voluptatibus nihil ducimus eum tenetur libero similique illo. Tempora vel quas culpa sit aut labore omnis. Ratione laboriosam aut dicta provident fugiat.

Aut necessitatibus repudiandae ipsam est maxime iure distinctio. Et odio inventore consectetur a nihil. Reiciendis quod et impedit aut non repellat hic. Ea tempore deserunt nihil suscipit. Consequuntur magnam non sunt ipsum illum voluptatibus. Saepe voluptate reprehenderit et in enim porro. Fugit eum facilis repellendus ex numquam.

Career Advancement Opportunities

April 2024 Investment Banking

  • Jefferies & Company 02 99.4%
  • Goldman Sachs 19 98.8%
  • Harris Williams & Co. New 98.3%
  • Lazard Freres 02 97.7%
  • JPMorgan Chase 03 97.1%

Overall Employee Satisfaction

April 2024 Investment Banking

  • Harris Williams & Co. 18 99.4%
  • JPMorgan Chase 10 98.8%
  • Lazard Freres 05 98.3%
  • Morgan Stanley 07 97.7%
  • William Blair 03 97.1%

Professional Growth Opportunities

April 2024 Investment Banking

  • Lazard Freres 01 99.4%
  • Jefferies & Company 02 98.8%
  • Goldman Sachs 17 98.3%
  • Moelis & Company 07 97.7%
  • JPMorgan Chase 05 97.1%

Total Avg Compensation

April 2024 Investment Banking

  • Director/MD (5) $648
  • Vice President (19) $385
  • Associates (87) $260
  • 3rd+ Year Analyst (14) $181
  • Intern/Summer Associate (33) $170
  • 2nd Year Analyst (66) $168
  • 1st Year Analyst (205) $159
  • Intern/Summer Analyst (146) $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
Secyh62's picture
Secyh62
99.0
3
Betsy Massar's picture
Betsy Massar
99.0
4
BankonBanking's picture
BankonBanking
99.0
5
kanon's picture
kanon
98.9
6
CompBanker's picture
CompBanker
98.9
7
dosk17's picture
dosk17
98.9
8
GameTheory's picture
GameTheory
98.9
9
Jamoldo's picture
Jamoldo
98.8
10
bolo up's picture
bolo up
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...”