I'm sure all of you are familiar with the Wolf of Wall Street movie. In this movie there is a scene where the stockbrokers from Stratton Oakmont perform an IPO for Steve Madden. How could this be? I thought only Investment Bankers offered to take companies public.
Thank you in advance.
| +197 | Americas M&A League Table Q2 Updated | 79 | 3h |
| +131 | Restructuring: Anti-climactic Experience | 34 | 1d |
| +102 | IB Net Worth / Savings Check | 49 | 25m |
| +91 | Woman who emptied Knicks trashcan on street then stole it was DEI exec, worked at JPMorgan Chase | 24 | 13h |
| +80 | Stop sleeping on UBS - it’s pretty good | 26 | 2h |
| +52 | 2026 VAULT PRESTIGE RANKINGS | 29 | 1d |
| +39 | AI + Financial Modelling | 12 | 1d |
| +30 | Hardest interview experiences? | 16 | 23h |
| +28 | Summer before college | 17 | 13h |
| +26 | Current State of UBS in North America | 8 | 2d |
Career Resources
Get instant access to lessons taught by experienced private equity pros and bulge bracket investment bankers including financial statement modeling, DCF, M&A, LBO, Comps and Excel Modeling.
Note the types of companies that they took 'public' with the exception of Steve Madden. You don't need an investment bank to go public, it isn't like there is a law requiring you sign up a bank to advise you. You can offer stock directly as long as you have buyers, which is why Investment banks are the path of least resistance. What they are doing is drumming up interest in potential buyers, mainly institutional etc. so that they can bring it public. I won't get into any nuts and bolts, but Stratton functioned much the same way except it dumped stock onto individual buyers via their boiler room style tactics.
Officiis et voluptate nihil. Omnis vero molestias aut a. Et inventore voluptatibus architecto.
Exercitationem veritatis ut quasi et. Natus repudiandae ut ea. Similique iusto velit delectus debitis.
Soluta non temporibus fugit molestiae consequatur ipsam. Laudantium eos quam itaque reprehenderit tenetur nesciunt autem. Ut est deserunt non nulla tenetur nobis. Iure dolor est sapiente consectetur rerum nihil. Laborum vel quae et sequi quas sit quibusdam. Aspernatur quo dignissimos nihil quo.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...