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Description
This theoretical (non-quantitative) module addresses two issues of elevated importance to both financial officers and advisors-consultants, as well as financially-oriented general business students: Initial Public Offerings (IPOs) and merger / demerger valuation. IPOs typically represent the firm鈥檚 largest single equity source: capital to support company growth and expansion. The IPO portion of this module reflects a Best Practice Company Valuation - (Discounted Cash Flow) - guided perspective, considering some of the major valuation and pricing challenges encountered by the listing company before, during and shortly after IPO Launch Day. Merger Valuation involves a central issue in acquisition analysis today from the perspective of the potential or actual buying firm - is this deal financially viable? This examination is primarily based on the leading synergy-versus-premium methods in use today. De-mergers (such as spinoffs and break-ups) represent a growing area of importance in dynamic corporate strategic management, particularly in changing economic times; this module considers financial assessment and some other key aspects of this topic area. M&A cycles and some key merger defence tactics are also included in this module.
Module deliveries for 2024/25 academic year
Last updated
This module description was last updated on 8th April 2024.
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