Agree, it is both the industry coverage team and ECM group that work on that file. Both teams will help pitch, with the coverage team doing more specific slides, such as comps and valuation, while ECM will contribute equity market updates plus macro info. As the process goes on, the ECM team will do more work on pricing the IPO, along with walking the company through the IPO process, as well as syndication and execution of the IPO
This is basically right but it is somewhat bank and deal-dependent (some companies will need continuous input from coverage team through execution). Can also have multiple industry coverage teams if you are straddling industries (e.g. fintech, sector investment vehicles a la REITs, diversified companies, etc.)
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Most likely both and possibly an area coverage team if required
Agree, it is both the industry coverage team and ECM group that work on that file. Both teams will help pitch, with the coverage team doing more specific slides, such as comps and valuation, while ECM will contribute equity market updates plus macro info. As the process goes on, the ECM team will do more work on pricing the IPO, along with walking the company through the IPO process, as well as syndication and execution of the IPO
This is basically right but it is somewhat bank and deal-dependent (some companies will need continuous input from coverage team through execution). Can also have multiple industry coverage teams if you are straddling industries (e.g. fintech, sector investment vehicles a la REITs, diversified companies, etc.)
Perferendis reprehenderit perferendis sint in dolores fugit tenetur. Molestiae enim labore praesentium sit ipsa nihil velit. Cum voluptates enim dignissimos ex ea. Dolor quia ut qui. Qui nobis sunt sunt. Dignissimos voluptas ut rerum iure omnis. At est iure qui nobis officiis ipsum vitae.
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