Assignment: Intermediate Corporate Finance
Choose a firm that went public (listed on NYSE, NASDAQ, AMEX, etc.) and analyze the following. Choose a firm that went public before 2012.
Imagine that your audience is your boss, who is a finance person. The memo can be no longer than two pages. Within that limit, you should include the following:
1. Firm name & IPO date?
2. VC-backed: Was the firm backed by venture capitalists? If so, what is the VC firm name? How many VCs were there prior to IPO?
3. Who was the lead underwriter (investment bank)? How many investment banks were involved?
4. IPO proceeds: How much money did the firm raise in IPO?
5. Offer price?
6. The closing market price of the first trading day?
7. Initial return?
8. Lockup agreement: Was there any lockup provision? If so, for how long?
9. Stock price at the IPO, at lockup expiration date, after 1 year, after 2 years, after 3 years?
10. Did the firm make any acquisitions before going public? If so, target name (acquired company's name), acquisition date, acquisition purpose, transaction amount ($), payment method?
11. Any surprising/interesting facts? Why?
12. Source/reference?
Appendix
You can find IPO prospectus from EDGAR: https://www.sec.gov/edgar/searchedgar/companysearch.html
1) Search company name
2) Choose the appropriate CIK (central index key)
3) Search "S-1" in filing type
4) Look at the most recent filing
You can find stock price information from Yahoo Finance or Google Finance.
You can also rely on news articles to answer the questions. However, you have to provide appropriate references.