IPOs Explained & Investment Banking Explained: Wall Street Pro Reacts to Billions Season 2 Ep. 11

Book a call with our team here so we can help you break into finance (investment banking, hedge funds, venture capital, private equity and more): https://cal.com/chrisharoun/meeting-w... _____________________________ In this video a former Goldman Sachs employee who worked at the top hedge funds reacts to Billions, including the TV show's accuracy and lessons that investors must pay attention to. Key topics discussed are IPOs, investment banking, short selling and much more. The video Wall Street Pro Reacts to Billions TV Show Season 2 Episode 11 contains closed captions. _____________________________ As mentioned in the video: My MBA Degree Programs → https://harounventures.com/faq or https://learn.harounventures.com Complete Financial Analyst Course → https://learn.harounventures.com/p/th... Short Selling Explained: Wall Street Pro Reacts to Billions TV Show Season 1 Episode 4 →    • Short Selling Explained: Wall Street Pro R...   _____________________________ See my other Billions & finance movie reaction videos (which also teach finance and business lessons): For all my Billions Episode Videos and Finance Movie Videos (i.e., Wolf of Wall Street and Wall Street movie), please see this playlist: →    • Wall Street Pro Reacts to Billions TV Show...   _________________________________ → Get More Great Finance/Investing Tips - Subscribe → https://www.youtube.com/ChrisHarounVe... _______________________________ Here are the Clickable Chapters for the video: 00:00 Introduction. 00:14 IPO and Investment Banking Ice Juice Case Study Overview 01:03 Use of proceeds 01:19 Debt versus equity capital raising 02:15 Why an IPO is better than a Bond for unprofitable companies 02:29 Why & when VCs want bankers to do IPOs 02:52 Why do an IPO? 03:22 Ten biggest IPOs ever 03:26 IPO tombstones 04:48 S-1 explained (also called a prospectus) 05:05 Facebook's S-1 05:21 How to find out if a company is going public 05:35 S-1 contents explained 05:49 How long does it take for the IPO to be completed? 07:30 Class A vs. Class B shares explained 08:17 Primary vs Secondary shares explained 08:31 IPO pricing explained 09:32 IPO Lockup explained 10:33 Insider selling explained 11:49 IPO fees from investment banks explained 12:48 Investment banking syndicate explained 12:57 Top-Left explained 13:12 Why do many investment banks work on the same IPO? 14:40 Equity Capital Markets (ECM) role in an IPO and Sales Memos 15:05 Ethical wall explained 15:30 How I do research on IPOs 15:50 IPO valuation and target prices explained 16:57 Sales process for the IPO 17:29 Example of Sell Side selling IPO to Buy Side 18:49 Roadshow explained 20:03 Equity Research role in IPOs explained 20:18 Market versus Limit Orders explained 20:41 Padding orders in a hot IPO explained 20:51 Book Building explained 21:42 IPO share pricing and allocation explained 22:56 Most stressful part of IPOs 23:31 Deciding who gets shares in an IPO 24:04 IPO Flipping explained 24:33 13F SEC Filing explained 24:58 high quality roadshow meetings explained 25:51 What are the best tech investments? 26:30 Flipping IPOs through banks not on the syndicate 27:21 Trading of the Ice Juice IPO on day one 27:56 Why are IPOs sold at a discount? 28:13 Be careful of FOMO with IPOs 28:51 How to do research on IPOs or any stock 30:25 Axe's short position in Ice Juice explained 31:34 Breaking IPO deal price explained 31:56 Stock halting explained 32:37 Greatest episode ending in TV history! 33:04 Explanation of different financial analyst roles 38:13 My Complete Financial Analyst Course 40:43 Rating Bottom Line (Buy, Sell or Hold Rating?) 41:18 My next reaction video