ipo2

Classified in Economy

Written at on English with a size of 1.36 KB.

 
THE PUBLIC ONE INCLUDES THE INVESTOR EDUCATION, BOOK BUILDING PROCESS AN AFTERMARKET SCENARIO. THE TWO PHASES TOGETHER BRING THE ENTIRE IPO PROCESS TO GET THE KEY OBJECTIVES: 1)THE IPO PRICE MAXIMISATION, 2)THE HIGH QUALITY SHAREHOLDER BASE, 3) STABLE AND RISING AFTERMARKET AND FINALLY 4) LIQUID TRADING AND QUALITY RESEARCH COVERAGE. THE PRICE DISCOVERY PROCESS HAS 4PHASES: 1) IBD VALUATION AND ECM JUDGMENT, DETERMINING THE INTRINSIC VALUE, ESTABLISHING COMPARABLES 2) RESEARCH ANALYSIS: COMPCO FOCUSED VALUATION AND IN INDEPENDENT FORECASTS. 3)INVESTOR EDUCATION: ACTIVE DIALOGUE AT INTERACTION AND FEEDBACK FROM INVESTORS. 4) ROADSHOW- BOOKBUILDING. THIS ENTIRE PRICE DISCOVERY PROCESS BRINGS TO THE FINAL OFFERING PRICE. THE BOOK BUILDING PROCESS (WHICH IS THE MOST COMMON) START BY THE PUBLICATION OF THE ANALYST RESEARCH, THEN THERE IS THE PRE MARKETING PRICE RANGE, THE SOLICITATION OF INDICATIONS OF DEMAND, THE FEEDBACK TO AND FROM INVESTORS AND FINALLY THE PRICING. THE FINAL PRICE AND ALLOCATION OF IPO SHARES WILL DEPEND ON THE RESPONSES RECEIVED DURING THEIR PREMARKETING PHASE.

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