Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online
Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online__right

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Product Description

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.

From the Inside Flap

Praise for Investment Banking

"For me personally, it''s exciting to see Joshua Rosenbaum and Joshua Pearl take the lead in training a new generation of investment bankers. Their work in documenting valuation and deal process in an accessible manner is a particularly important contribution as many aspects of investment banking cannot be taught, even in the world''s greatest universities and business schools."
Foreword by Joseph R. Perella, Chairman and CEO, Perella Weinberg Partners

"It gives me great confidence that many from the new generation of future financial leaders learned their corporate finance fundamentals with the help of Rosenbaum and Pearl and their best-selling book, Investment Banking. Rosenbaum and Pearl have created a comprehensive, yet highly accessible, written guide to the core skills of the successful investment professional, with a particular emphasis on valuation analysis."
Afterword by Joshua Harris, Co-Founder and Managing Partner, Apollo Global Management

"This book will surely become an indispensable guide to the art of buyout and M&A valuation, for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation."
—David M. Rubenstein, Co-Founder and Co-Executive Chairman, The Carlyle Group Host, The David Rubenstein Show: Peer to Peer Conversations

"The two Joshes present corporate finance in a broad, yet detailed framework for understanding valuation, balance sheets, and business combinations. As such, their book is an essential resource for understanding complex businesses and capital structures whether you are on the buy-side or sell-side."
—Mitchell R. Julis, Co-Chairman and Co-CEO, Canyon Partners, LLC

"Investment Banking provides a highly practical and relevant guide to the valuation analysis at the core of investment banking, private equity, and corporate finance. Mastery of these essential skills is fundamental for any role in transaction-related finance. This book will become a fixture on every finance professional''s bookshelf."
—Thomas H. Lee, President, Lee Equity Partners, LLC Founder, Thomas H. Lee Capital Management, LLC

"As a pioneer in public equities, Nasdaq is excited to be partnering with Rosenbaum and Pearl on Investment Banking as they break new ground on content related to IPOs, direct listings, and SPACs. We recommend the book for any shareholder and senior executive looking to take a company public, as well as their bankers and lawyers."
—Adena Friedman, President and CEO, Nasdaq

"Investment banking requires a skill set that combines both art and science. While numerous textbooks provide students with the core principles of financial economics, the rich institutional considerations that are essential on Wall Street are not well documented. This book represents an important step in filling this gap."
—Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School Co-author, Venture Capital and Private Equity: A Casebook

"Valuation is the key to any transaction. Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples."
—Roger G. Ibbotson, Professor in the Practice of Finance, Yale School of Management Chairman and CIO, Zebra Capital Management, LLC Founder, Ibbotson Associates

"Investment Banking provides fresh insight and perspective to valuation analysis, the basis for every great trade and winning deal on Wall Street. The book is written from the perspective of practitioners, setting it apart from other texts."
—Gregory Zuckerman, Special Writer, The Wall Street Journal Author, The Greatest Trade Ever, The Frackers, and The Man Who Solved the Market

From the Back Cover

Praise for Investment Banking

"For me personally, it''s exciting to see Joshua Rosenbaum and Joshua Pearl take the lead in training a new generation of investment bankers. Their work in documenting valuation and deal process in an accessible manner is a particularly important contribution as many aspects of investment banking cannot be taught, even in the world''s greatest universities and business schools."
Foreword by Joseph R. Perella, Chairman and CEO, Perella Weinberg Partners

"It gives me great confidence that many from the new generation of future financial leaders learned their corporate finance fundamentals with the help of Rosenbaum and Pearl and their best-selling book, Investment Banking. Rosenbaum and Pearl have created a comprehensive, yet highly accessible, written guide to the core skills of the successful investment professional, with a particular emphasis on valuation analysis."
Afterword by Joshua Harris, Co-Founder and Managing Partner, Apollo Global Management

"This book will surely become an indispensable guide to the art of buyout and M&A valuation, for the experienced investment practitioner as well as for the non-professional seeking to learn the mysteries of valuation."
―David M. Rubenstein, Co-Founder and Co-Executive Chairman, The Carlyle Group Host, The David Rubenstein Show: Peer to Peer Conversations

"The two Joshes present corporate finance in a broad, yet detailed framework for understanding valuation, balance sheets, and business combinations. As such, their book is an essential resource for understanding complex businesses and capital structures whether you are on the buy-side or sell-side."
―Mitchell R. Julis, Co-Chairman and Co-CEO, Canyon Partners, LLC

"Investment Banking provides a highly practical and relevant guide to the valuation analysis at the core of investment banking, private equity, and corporate finance. Mastery of these essential skills is fundamental for any role in transaction-related finance. This book will become a fixture on every finance professional''s bookshelf."
―Thomas H. Lee, President, Lee Equity Partners, LLC Founder, Thomas H. Lee Capital Management, LLC

"As a pioneer in public equities, Nasdaq is excited to be partnering with Rosenbaum and Pearl on Investment Banking as they break new ground on content related to IPOs, direct listings, and SPACs. We recommend the book for any shareholder and senior executive looking to take a company public, as well as their bankers and lawyers."
―Adena Friedman, President and CEO, Nasdaq

"Investment banking requires a skill set that combines both art and science. While numerous textbooks provide students with the core principles of financial economics, the rich institutional considerations that are essential on Wall Street are not well documented. This book represents an important step in filling this gap."
―Josh Lerner, Jacob H. Schiff Professor of Investment Banking, Harvard Business School 

Co-author, Venture Capital and Private Equity: A Casebook
"Valuation is the key to any transaction. Investment Banking provides specific step-by-step valuation procedures for LBO and M&A transactions, with lots of diagrams and numerical examples."
―Roger G. Ibbotson, Professor in the Practice of Finance, Yale School of Management 
Chairman and CIO, Zebra Capital Management, LLC Founder, Ibbotson Associates

" Investment Banking provides fresh insight and perspective to valuation analysis, the basis for every great trade and winning deal on Wall Street. The book is written from the perspective of practitioners, setting it apart from other texts."
―Gregory Zuckerman, Special Writer, The Wall Street Journal Author, The Greatest Trade Ever, The Frackers, and The Man Who Solved the Market

About the Author

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.

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4.7 out of 54.7 out of 5
116 global ratings

Top reviews from the United States

C. Ang
4.0 out of 5 starsVerified Purchase
New edition but the content and feel is very similar to prior editions
Reviewed in the United States on April 19, 2020
I actually like this book and think it is quite excellent. I think the discussion is pretty clear and covers the basics really well. In my opinion, however, this new edition is not significantly different from the second edition. This does not mean the material was not... See more
I actually like this book and think it is quite excellent. I think the discussion is pretty clear and covers the basics really well. In my opinion, however, this new edition is not significantly different from the second edition. This does not mean the material was not updated, but the important fundamental things you could learn from this book do not appear to be materially different than the prior editions.
11 people found this helpful
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Daniel Tonga
5.0 out of 5 starsVerified Purchase
One guide to RULE THEM ALL
Reviewed in the United States on September 12, 2020
Great read to get up to speed on the technicals of investment banking. Of all the print/digital textbook reads on corporate finance/valuation/investment banking, I think I this one reigns supreme.
4 people found this helpful
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Holmert
5.0 out of 5 starsVerified Purchase
Great Reference for the future
Reviewed in the United States on September 13, 2021
This book is a nice read and has good examples to understand the type of transaction done in investment banking. Great reference for the future.
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Kenneth Townsend
4.0 out of 5 starsVerified Purchase
Solid
Reviewed in the United States on May 13, 2021
Good overview. Not very quantitative and lacks charts and tables. Still though, a good primer. I would recommend it to folks wanting to break into investment banking.
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Kaisen Ye
4.0 out of 5 starsVerified Purchase
Great book!
Reviewed in the United States on January 27, 2021
The content was solid, and I really enjoy reading it. It is a great book for professionals who already work in the industry or for those who want to break in.
One person found this helpful
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Mark Goldberg
5.0 out of 5 stars
Returning customer
Reviewed in the United States on May 9, 2020
Love how the author kept a similar feel to this book as his other book. Lots of information packed in this....would highly recommend!
3 people found this helpful
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Sophia R
5.0 out of 5 stars
Only textbook you will need!
Reviewed in the United States on May 9, 2020
As an undergrad studying IB, I’ve been through many different textbooks all with many flaws. This particular textbook, however, was easy to understand and logical in its profession. Highly recommend for college students.
2 people found this helpful
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Amazon Customer
5.0 out of 5 stars
Only textbook worth buying
Reviewed in the United States on May 9, 2020
Probably the best investment banking textbooks for students. Every person I know who wants to do investment banking owns this book. New edition is better than the last.
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Top reviews from other countries

Mo
5.0 out of 5 starsVerified Purchase
IBD
Reviewed in the United Kingdom on February 20, 2021
Great book
Great book
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Andy
5.0 out of 5 starsVerified Purchase
Von Investment Bankern für Investment Banker
Reviewed in Germany on June 23, 2021
Wie die meisten, die dieses Buch wahrscheinlich lesen, strebe ich eine Karriere im IB an. Für die Vorbereitung zu den Vorstellungsgesprächen ist dieses Buch unerlässlich! Es ist klar strukturiert, gut gegliedert und enthält alle wichtigen Infos zu Themen wie Bewertung, LBOs...See more
Wie die meisten, die dieses Buch wahrscheinlich lesen, strebe ich eine Karriere im IB an. Für die Vorbereitung zu den Vorstellungsgesprächen ist dieses Buch unerlässlich! Es ist klar strukturiert, gut gegliedert und enthält alle wichtigen Infos zu Themen wie Bewertung, LBOs etc. Trotzdem sollte man sich zusätzlich in manche Themen stärker einlesen. Alles in allem ein sehr interessantes Buch für alle, die sich in den Themen weiterbilden wollen oder ins IB einsteigen wollen.
Wie die meisten, die dieses Buch wahrscheinlich lesen, strebe ich eine Karriere im IB an. Für die Vorbereitung zu den Vorstellungsgesprächen ist dieses Buch unerlässlich!

Es ist klar strukturiert, gut gegliedert und enthält alle wichtigen Infos zu Themen wie Bewertung, LBOs etc. Trotzdem sollte man sich zusätzlich in manche Themen stärker einlesen.

Alles in allem ein sehr interessantes Buch für alle, die sich in den Themen weiterbilden wollen oder ins IB einsteigen wollen.
One person found this helpful
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Francisco Javier Gomez Diaz
5.0 out of 5 starsVerified Purchase
Great insights
Reviewed in Mexico on August 9, 2021
Pocos libros tienen un detalle tan amplio del proceso de valuación de empresas por diferentes métodos. El caso práctico es excelente para poner en práctica los conceptos. Además la teoría está explicada muy digerible.
Pocos libros tienen un detalle tan amplio del proceso de valuación de empresas por diferentes métodos. El caso práctico es excelente para poner en práctica los conceptos. Además la teoría está explicada muy digerible.
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Product information

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online

Investment Banking: Valuation, LBOs, M&A, and IPOs (Includes online Valuation Models outlet online sale + Online Course) 3rd Edition (Wiley Finance) online