Capital Markets (ECM / DCM)
Compare a traditional IPO, a direct listing, and a SPAC.
Model answer
Traditional IPO: company sells new and/or existing shares via underwriters who build a book, set the price, provide a greenshoe and aftermarket support; raises capital; lock-ups and underwriting fees…
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More from Capital Markets (ECM / DCM)
- Why does a company go public (IPO)? Give the main pros and cons.
- Walk me through the IPO process from start to finish at a high level.
- What is bookbuilding and how does the roadshow feed into it?
- How is the final IPO offer price determined?
- Why are IPOs often deliberately underpriced?
- What is the greenshoe (over-allotment option) and how does it work mechanically?
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