Investment Banking: Valuation, Lbos, M&a, and IPOs, 3/e (Hardcover)
暫譯: 投資銀行:估值、杠桿收購、併購與首次公開募股(第三版,精裝本)

Rosenbaum, Joshua, Pearl, Joshua, Perella, Joseph R.

商品描述

A timely update to the global bestselling book on investment banking and valuation - this new edition reflects valuable contributions from Nasdaq and the global law firm Latham & Watkins LLP plus access to the online valuation models and course.

In the constantly evolving world of finance, a solid technical foundation is an essential tool for success. Due to the fast-paced nature of this world, however, no one was able to take the time to properly codify its lifeblood--namely, valuation and dealmaking. Rosenbaum and Pearl originally responded to this need in 2009 by writing the first edition of the book that they wish had existed when they were trying to break into Wall Street.

Investment Banking: Valuation, LBOs, M&A, and IPOs, 3rd Edition is a highly accessible and authoritative book written by investment bankers that explains how to perform the valuation work and financial analysis at the core of Wall Street - comparable companies, precedent transactions, DCF, LBO, M&A analysis...and now IPO analytics and valuation. Using a step-by-step, how-to approach for each methodology, the authors build a chronological knowledge base and define key terms, financial concepts, and processes throughout the book.

The genesis for the original book stemmed from the authors' personal experiences as students interviewing for investment banking positions. As they both independently went through the rigorous process, they realized that their classroom experiences were a step removed from how valuation and financial analysis were performed in real-world situations. Consequently, they created this book to provide a leg up to those individuals seeking or beginning careers on Wall Street - from students at undergraduate universities and graduate schools to career changers looking to break into finance.

Now, over 10 years after the release of the first edition, the book is more relevant and topical than ever. It is used in over 200 universities globally and has become a go-to resource for investment banks, private equity, investment firms, and corporations undertaking M&A transactions, LBOs, IPOs, restructurings, and investment decisions. While the fundamentals haven't changed, the environment must adapt to changing market developments and conditions. As a result, Rosenbaum and Pearl have updated their widely adopted book accordingly, turning the latest edition of Investment Banking: Valuation, LBOs, M&A, and IPOs into a unique and comprehensive training package, which includes:

  • Two new chapters covering IPOs plus insightful contributions from Nasdaq, the leading U.S. exchange and technology provider for IPOs and new listings, and global law firm Latham & Watkins LLP
  • Access to six downloadable valuation model templates, including Comparable Companies Analysis, Precedent Transactions Analysis, Discounted Cash Flow Analysis, Leveraged Buyout Analysis, and M&A models
  • Six-month access to online Wiley Investment Banking Valuation Course featuring bite-sized lessons, over five hours of video lectures, 100+ practice questions, and other investment banking study tools

Launch your career on Wall Street and hone your financial expertise with Rosenbaum and Pearl's real-world knowledge and forward-looking guidance in the latest edition of Investment Banking: Valuation, LBOs, M&A, and IPOs.

商品描述(中文翻譯)

這本全球暢銷的投資銀行與估值書籍的及時更新版 - 此新版本反映了Nasdaq和全球法律事務所Latham & Watkins LLP的寶貴貢獻,並提供在線估值模型和課程的訪問權限。

在不斷演變的金融世界中,堅實的技術基礎是成功的必要工具。然而,由於這個世界的快速變化,沒有人能夠花時間妥善編纂其生命線——即估值和交易。Rosenbaum和Pearl於2009年首次回應了這一需求,撰寫了他們希望在進入華爾街時能夠擁有的第一版書籍。



投資銀行:估值、LBO、併購與IPO(第三版) 是一本由投資銀行家撰寫的高度可讀且權威的書籍,解釋了如何在華爾街的核心進行估值工作和財務分析——可比公司、先前交易、折現現金流(DCF)、LBO、併購分析……現在還包括IPO分析和估值。作者採用逐步的操作方法來介紹每種方法,建立了一個按時間順序排列的知識基礎,並在全書中定義關鍵術語、財務概念和流程。



原書的創作源於作者作為學生面試投資銀行職位的個人經歷。當他們各自獨立經歷這一嚴格的過程時,他們意識到課堂經驗與現實情況下的估值和財務分析之間存在距離。因此,他們創作了這本書,以幫助那些尋求或剛開始在華爾街職業生涯的人——從本科大學和研究生院的學生到希望轉行進入金融領域的職業轉換者。



現在,距離第一版發行已經超過10年,這本書比以往任何時候都更具相關性和時效性。它在全球超過200所大學中使用,並成為投資銀行、私募股權、投資公司和進行併購交易、LBO、IPO、重組和投資決策的企業的首選資源。雖然基本原則沒有改變,但環境必須適應不斷變化的市場發展和條件。因此,Rosenbaum和Pearl根據最新的市場情況更新了他們廣泛採用的書籍,將最新版本的投資銀行:估值、LBO、併購與IPO 轉變為一個獨特而全面的培訓包,其中包括:


  • 兩個新章節涵蓋IPO,並包含來自美國主要交易所和IPO及新上市技術提供商Nasdaq以及全球法律事務所Latham & Watkins LLP的深刻貢獻

  • 訪問六個可下載的估值模型模板,包括可比公司分析、先前交易分析、折現現金流分析、槓桿收購分析和併購模型

  • 六個月的在線Wiley投資銀行估值課程訪問權限,包含小型課程、超過五小時的視頻講座、100多道練習題和其他投資銀行學習工具

在華爾街啟動你的職業生涯,並通過Rosenbaum和Pearl在最新版本的投資銀行:估值、LBO、併購與IPO中提供的現實知識和前瞻性指導來提升你的財務專業技能。

作者簡介

JOSHUA ROSENBAUM is a Managing Director and Head of the Industrials & Diversified Services Group at RBC Capital Markets. He originates, structures, and advises on M&A, corporate finance, and capital markets transactions. Previously, he worked at UBS Investment Bank and the International Finance Corporation, the direct investment division of the World Bank. He received his AB from Harvard and his MBA with Baker Scholar honors from Harvard Business School.

JOSHUA PEARL has served as a Managing Director at Brahman Capital, a long/short equity asset manager. He focuses on public equity investments and special situations utilizing a fundamentals-based approach. Previously, he structured high yield financings, leveraged buyouts, and restructurings as a Director at UBS Investment Bank. Prior to UBS, he worked at Moelis & Company and Deutsche Bank. He received his BS in Business from Indiana University's Kelley School of Business.

作者簡介(中文翻譯)

喬舒亞·羅森鮑姆(JOSHUA ROSENBAUM)是RBC Capital Markets的董事總經理及工業與多元服務集團負責人。他負責併購(M&A)、企業融資及資本市場交易的發起、結構設計及諮詢。之前,他曾在瑞銀投資銀行(UBS Investment Bank)和國際金融公司(International Finance Corporation)工作,後者是世界銀行的直接投資部門。他在哈佛大學獲得學士學位(AB),並在哈佛商學院獲得MBA學位,並榮獲貝克學者(Baker Scholar)榮譽。

喬舒亞·皮爾(JOSHUA PEARL)曾擔任Brahman Capital的董事總經理,該公司是一家長/短期股票資產管理公司。他專注於公共股權投資和特殊情況,採用基於基本面的投資方法。之前,他在瑞銀投資銀行擔任董事,負責結構高收益融資、槓桿收購和重組。在瑞銀之前,他曾在Moelis & Company和德意志銀行工作。他在印第安納大學的凱利商學院獲得商業學士學位(BS)。