A few questions on the IPO process:
- Who goes on the roadshow? The ECM team or the IB Coverage group? Are analysts usually brought along? Is it really as fancy as people make it out to be, with private jets etc?
- If there are 3 lead bookrunners do they all do a different roadshow and pitch to different investors?
- What's the role of the Coverage group vs ECM team? Who prepares the pitches and prospectuses?