TAILIEUCHUNG - Lecture Essentials of corporate finance (2/e) – Chapter 15: Raising capital

This chapter include objectives: Understand the venture capital market and its role in financing new businesses, understand how securities are sold to the public and the role of investment bankers, understand initial public offerings and the costs of going public. | Raising capital Chapter 15 Key concepts and skills Understand the venture capital market and its role in financing new businesses Understand how securities are sold to the public and the role of investment bankers Understand initial public offerings and the costs of going public 15- Copyright © 2011 McGraw-Hill Australia Pty Ltd PPTs t/a Essentials of Corporate Finance 2e by Ross et al. Slides prepared by David E. Allen and Abhay K. Singh Chapter outline The financing life cycle of a firm: Early-stage financing and venture capital Selling securities to the public: The basic procedure Alternative issue methods Underwriters IPOs and underpricing New equity sales and the value of the firm The cost of issuing securities Issuing long-term debt 15- Copyright © 2011 McGraw-Hill Australia Pty Ltd PPTs t/a Essentials of Corporate Finance 2e by Ross et al. Slides prepared by David E. Allen and Abhay K. Singh Venture capital Private financing for relatively new businesses in exchange for shares in the firm Individual investors Venture capital firms Usually involves active participation by VC Ultimate goal to take company public; the VC will benefit from the capital raised in the IPO Many VC firms are formed from a group of investors that pool capital and then have partners in the firm decide which companies will receive financing Some large corporations have a VC division 15- Copyright © 2011 McGraw-Hill Australia Pty Ltd PPTs t/a Essentials of Corporate Finance 2e by Ross et al. Slides prepared by David E. Allen and Abhay K. Singh Click on the information icon to go to to search for VC in Australia. Venture capital stage financing Funding provided in several stages Contingent upon specified goals at each stage First stage ‘Ground floor’ financing or ‘seed money’ Fund prototype and manufacturing plan Second stage ‘Mezzanine’ financing Begin manufacturing, marketing and distribution 15- Copyright © 2011 .

• Tài chính doanh nghiệp
• Corporate finance
• Essentials of corporate finance
• Financial management
• Business finance
• Business organisation
• Raising capital
• Intermediate corporate finance
• Lecture Intermediate corporate finance
• Tài chính doanh nghiệp
• Corporate valuation
• Value based management
• Fundamentals of corporate finance
• Business organization
• International corporate finance
• Capital market history
• Financial leverage
• Financial reporting
• Social welfare
• Forward contracts
• The stock markets
• Basic return concepts
• Portfolio theory
• Bond valuation
• Basic stock valuation
• Accounting for financial management
• Analysis of financial statements
• Financial planning
• Forecasting financial statements
• Capital budgeting
• Decision criteria
• Estimating cash flows
• Real options
• Capital structure decisions
• The levered firm
• Cash management
• Financial distress
• Hedging risk
• Warrants and convertibles
• Principles of corporate finance
• Understanding options
• Valuing options
• Financial analysis
• Financial manager
• Financial institutions