Equity Capital Markets: Initial Public Offerings (IPOs) & Other Global Equity Issuance

3 days 21-23 Oct 2018, Dubai UAE £3,395.00 Download brochure Add to basket

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This three-day training covers the main characteristics of Equity Capital Markets with a particular focus on the Initial Public Offering process. Participants will start by covering the main functions of the capital markets, including the key players, banks and investors. Using real life case studies, they will go through in detail Initial Public Offerings including drafting the prospectus, the roadshow, the book-building, pricing, allocation of shares and price stabilisation mechanisms. Participants will discuss the different types of follow-on offerings, namely private placements, accelerated book-buildings and rights issues. Finally, participants will review equity valuation in the context of an IPO pricing and share allocation.


We work with a series of expert instructors, please select the course location of interest to review the credentials of who will be delivering the programme.




Dubai Hotel

This programme takes place on a non-residential basis at a central Dubai hotel. Non-residential course fees include training facilities, documentation, lunches and refreshments for the duration of the programme. Delegates are responsible for arranging their own accommodation, however, a list of convenient hotels (many at specially negotiated rates) is available upon registration.

Dubai has an incredible number of hotels. Courses held here are mainly held at the:

Nassima Royal Hotel
Plot 49 Sheikh Zayed Road, Trade Centre District Dubai, United Arab Emirates

Nassima Royal Hotel is a modern, stylish, luxury hotel on Sheikh Zayed Road. Towering at 51 stories, the hotel offers stunning views over Dubai and its iconic landmarks.

The hotel offers a number of restaurants serving a variety of world cuisines alongside its bars and nightclub. If you are looking for more relaxing ways to unwind, the hotels expansive outdoor pool area offers a view out to Jumeirah beach, and entertainment for the smaller members of the family can be found at the kids club.

Alongside the beautifully appointed rooms and suites, Nassima Royal Hotel also offers extensive meeting facilities.

With our central location in downtown Dubai, and close proximity to the Dubai International Convention and Exhibition Centre, you couldn’t ask for more from a luxury hotel on Sheikh Zayed Road.

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Do you have five or more people interested in attending this course? Do you want to tailor it to meet your company's exact requirements? If you'd like to do either of these, we can bring this course to your company's office. You could even save up to 50% on the cost of sending delegates to a public course.

To find out more about running this course in-house:

Our Tailored Learning Offering

If you want to run this course at a location convenient to you or if you want a completely customised learning solution, we can help.

We produce learning solutions that are completely unique to your business. We'll guide you through the whole process, from the initial consultancy to evaluating the success of the full learning experience. Our learning specialists ensure you get the maximum return on your training investment.


We can offer any of our public courses delivered at your office or we can devise completely tailored solutions:

Read more about our offering or complete a call back request to speak to a learning specialist.





Capital Markets Fundamentals

In this session participants will cover the main functions of the capital markets. Most importantly, the key players, banks and investors are covered in detail. Participants will then examine the life of a corporate and review the funding options.

  • What financial markets do?
  • Who are the major players?
  • Domestic and international capital markets
  • Debt versus equity
  • Primary versus secondary market
  • Distinguishing between retail, corporate and investment banking
  • Buy side versus sell side
  • League tables, equity underwriting
  • Where transactions take place: Exchanges vs. OTC vs. ECNs
  • The buy-side industry/investors
  • Active vs. passive investment management
  • Asset allocation


Equity Capital Markets (ECM)
In this session we introduce equity markets and products. We will drill down on the characteristics of equity and equity valuation. We will introduce the life-cycle of equities. We will also look at the differences between primary and secondary shares and primary and secondary markets, including motivations of investors.

  • Company life cycle, pros and cons
  • Primary vs. secondary markets
  • What is an IPO, a secondary offering?
  • What are primary shares, secondary shares?
  • Equity markets and trading systems
  • Criteria for admission and voting rights



Initial Public Offerings (IPO)

This session focuses entirely on the characteristics of IPOs. We will focus on analysing the Facebook IPO.

ECM functions

  • Origination and execution
  • Syndicate desk
  • Sales team

Banking roles (bookrunner, manager, underwriter) and fees

Best efforts vs. underwriting

International offerings vs. Dutch auctions

Steps in equity offerings

  • Prospectus
  • Roadshow
  • Underwriting
  • Share allocation
  • Price stabilisation mechanism

What are the criteria of a successful IPO from vendors and banks viewpoint

Case study: Detailed analysis of the Facebook IPO


Follow-On Offerings
During the final session of our training, we will focus entirely on the characteristics of the different type of offerings available following the Initial Public Offering. We will analyse the Barclays right issue in detail.

  • The need for re-capitalization and follow-on placements, including private placements and rights issuances as alternatives
  • ABBs (Accelerated book build)
  • Rights issues
  • Process and recent market deals
  • Pros and cons of various processes

Case study: Detailed analysis of the Barclays rights issue



Equity Valuation and IPO Pricing

During this last session, we will discuss the main equity valuation methods to derive a price for the equity offering.

  • Determining fair value of the equity for an IPO

Trading comparables and discounted cash flow analysis (DCF)

Discount to fair value in the primary market

Value range and decision on final pricing for allocation

Trading comps as the main driver

  • Enterprise Value vs. equity multiples
  • Lack of cash flows and valuation methods

The five steps of DCF

  • Free cash flow and terminal value
  • Weighted average cost of capital and discounting
  • From Enterprise Value to Equity Value

IPO modelling

  • Pre-money and post money valuation
  • Earnings per share accretion and dilution

Case study: Valuation of a recent IPO

Why us

We have a combined experience of over 60 years providing learning solutions to the world’s major organisations and are privileged to have contributed to their success. We view our clients as partners and focus on understanding the needs of each organisation we work with to tailor learning solutions to specific requirements.

We are proud of our record of customer satisfaction. Here is why you should choose us to help you achieve your goals and accelerate your career:

  • Quality – our clients consistently rate our performance ‘excellent’ or ‘outstanding’. Our average overall score awarded to us by our clients is nine out of ten.
  • Track record – we have delivered training solutions for 95% of worlds’ top 100 banks and have trained over 250,000 professionals.
  • Knowledge – our 150 strong team of industry specialist trainers are world leading financial leaders and commentators, ensuring our knowledge base is second to none.
  • Reliability – if we promise it, we deliver it. We have delivered over 20,000 events both in person and online, using simultaneous translation to delegates from over 180 countries.
  • Recognition – we are accredited by the British Accreditation Council and the CPD Certification Service. In an independent review by Feefo we scored 96% on service and 95% on product