BSAD 295
Investment Banking

School of Business Administration
Kevin C.H. Chiang, Ph.D.

 

Course Objective

Historically, investment banking had been the business of underwriting securities. Today, investment banking comprises a diverse set of businesses: security underwriting, advisory services, trading and sales, traditional and alternative asset management, etc. The purpose of this course is to provide financial intermediation theories, institutional knowledge, and analytical skills, and introduce students to a career in investment banking.

Office Hours

You are invited to come by my office during my office hours. If you prefer to schedule an appointment or find it inconvenient to come by my office, I invite you to send me an e-mail.

  • Syllabus

    • Electronic Notes

    Topic 1. Introduction: The Theory of Intermediation

    Topic 2. Pitch Books

    Topic 3. Equity Offerings

    Topic 4. Private Target Valuation

    Topic 5. Debt Offerings

    Topic 6. Private Equity

    Topic 7. Leveraged Buy-Out Analysis

    Topic 8. Mergers and Acquisitions

    Topic 9. Restructuring

    FCFF Calculation

    VtIPO Valuation

    Capitalizing R&D

    Twitter IPO Valuation

    Optimal Capital Structure

    Private Equity Performance

    RJR Nabisco APV Analysis

    RJR Nabisco LBO Analysis

    Telmex Financials

    Telmex Solution

    Baidu Financials

    Baidu Solution

    AMC Financials

    AMC Solution