Case (1)：The Blackstone Group’s IPO 1. What are the built-in tensions with a public private equity firm? How does Blackstone’s structure attempt to reconcile them? 2. If you were an LP in Blackstone‚ how would you view the structure Blackstone has put in place to go public? 3. Would you rather be a unitholder in Blackstone or an LP? 4. As a potential employee‚ how you evaluate the Blackstone compensation package against a commensurate offer from a similar large-scale private equity firm that
Premium
United Parcel Service’s IPO Question 1: What are the key success factors and risks for UPS given its business strategy? In the package-delivery industry timely‚ accurate and competitively priced services are the key success factors. With over 13 million packages delivered each business day‚ UPS had drastically invested in technology‚ which had played an important role on its growth. UPS’s well developed computer systems had ensured to UPS customers an excellent service which fulfils its customer
Premium United Parcel Service United States Postal Service Courier
it’s full course ” - George Soros raising over $210 million in share capital. Final share price was $14 per share – 2 Dec 2010 successfully raised US$75 million at a placing price of 115 pence per share – 23 July 2013 could be the LARGEST U.S. IPO in history “ We’re not investing in football ‚ we’re investing in entertainment” - Jack Ma WHY did both Tony and Jack Ma invested in sports ? THE ROME EMPIRE WASN’T BUILT IN A DAY *slides contents and images displayed are for case
Premium Investment United States dollar Stock market
IPO Process Stock offered to public Approval by SEBI Draft Offer document filed with SEBI Negotiate the deal Investment Bankers (Underwriters) Company
Premium Initial public offering Stock Underwriting
JetBlue IPO WACC The estimation of cost of capital for JetBlue proved to be a difficult process. Considering the company has an unfavorable capital structure‚ due to the fact that they are acquiring a large number of aircrafts‚ simply taking the weights of debt and equity are not acceptable. In order to accurately judge the discount rate the multiples method is necessary. The comparison was to a leading low-fare airline company‚ Southwest. Another critical point is that taking the book
Premium Discounted cash flow Weighted average cost of capital Finance
Google IPO | Understanding IPO Pricing Alternatives | MF Case 5 Group 9: | Angela 1113809238 | Jason 1113809011 | Jeff 1113809018 | Simon 1113809237 | 3/11/2012 | | Table of Contents 1 Google versus Baidu (Dutch Auction vs. Book Building) 1 2 Alternative IPO pricing methods 2 2.1 Book Building 2 2.1.1 Hallmarks of book building: 2 2.1.2 Green Shoe Option 2 Dutch auction 6 2.1.3 Sealed-bid price-discriminatory auction 6 2.1.4 Sealed-bid uniform-price auction 6 3 Why
Premium Stock market Stock Initial public offering
SGMT 6050 – Mergers and Acquisitions Facebook IPO Facebook‚ a social networking site‚ has grown at an exponential rate that far surpasses market expectation‚ so much so that its growth rate is referred to as the “ Facebook phenomenal”. In 2004‚ Facebook had 1million monthly active users‚ and in comparison‚ it had reached 845million monthly active users in 2011. This phenomenal led to one of the biggest initial public offerings (IPO) the market had seen in recent years‚ with total capital raised
Premium Discounted cash flow Facebook Google
The Society for Financial Studies IPO Market Timing Author(s): Aydoğan Alti Source: The Review of Financial Studies‚ Vol. 18‚ No. 3 (Autumn‚ 2005)‚ pp. 1105-1138 Published by: Oxford University Press. Sponsor: The Society for Financial Studies. Stable URL: http://www.jstor.org/stable/3598087 Accessed: 10/04/2010 08:09 Your use of the JSTOR archive indicates your acceptance of JSTOR ’s Terms and Conditions of Use‚ available at http://www.jstor.org/page/info/about/policies/terms.jsp. JSTOR ’s Terms
Premium Initial public offering Google Auction
DATE: 02/05/09 BAIDU.COM‚ INC.: VALUATION AT IPO Since its official launch in January 2000‚ Baidu.com‚ Inc. (Baidu) quickly grew to become the leading Internet search engine in China. After three rounds of private funding‚ Baidu registered to go public on the NASDAQ Stock Market (Ticker Symbol: BIDU) on August 5‚ 2005. (See Exhibits 1 and 2 for a listing of Baidu’s private funding sources and pre-IPO share allocations.) The initial public offering (IPO) turned out to be one of the highest-profile
Premium Web search engine Google search Internet
Preparing for the Google IPO: A revolution in the making Wenying Li‚ Xue Lin‚ Yankai Wang October 28‚ 2014 Upon deciding to raise capital for operations and growth‚ a company looks into preparing an initial public offering to get access to capital market. Unlike other companies following conventional IPO processes‚ Google‚ the largest search engine company‚ revolutionized equity markets with unconventional price-setting mechanism‚ reduced role for the underwriters‚ and dual-class shareholder structure
Premium Stock market Initial public offering Google