LEADER 04298nam 2200637 a 450 001 9910780446203321 005 20200520144314.0 010 $a1-281-05155-1 010 $a9786611051556 010 $a0-08-047878-6 035 $a(CKB)111090529102704 035 $a(EBL)294224 035 $a(OCoLC)174141879 035 $a(SSID)ssj0000183631 035 $a(PQKBManifestationID)11171846 035 $a(PQKBTitleCode)TC0000183631 035 $a(PQKBWorkID)10196563 035 $a(PQKB)11058197 035 $a(Au-PeEL)EBL294224 035 $a(CaPaEBR)ebr10185947 035 $a(CaONFJC)MIL105155 035 $a(CaSebORM)9780750655385 035 $a(MiAaPQ)EBC294224 035 $a(EXLCZ)99111090529102704 100 $a20050204d2002 uy 0 101 0 $aeng 135 $aurcn||||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aIPOs and equity offerings$b[electronic resource] /$fRoss Geddes 210 $aOxford ;$aMA $cButterworth-Heinemann$d2002 215 $a1 online resource (273 p.) 225 1 $aGlobal capital markets series 300 $aDescription based upon print version of record. 311 $a0-7506-5538-0 320 $aIncludes bibliographical references (p. [231]-241)and index. 327 $aFront Cover; IPOs and Equity Offerings; Copyright Page; Contents; Preface; About the author; Chapter 1. The decision to go public; The company; The vendors; The investors; What is the commonality?; Why do companies go public?; Capital raising; Sale by existing shareholders; Advantages and disadvantages of going public; What makes a deal successful?; Chapter 2. The players; Selecting the lead investment bank; The syndicate; Other advisors and involved parties; Appendix: Selection criteria; Chapter 3. The offering process, part 1; Is the company ready to go public?; Corporate issues 327 $aOffering structure Regulators and documentation; Marketing; Pricing and allocation; Aftermarket; Chapter 4. The offering process, part 2; Rationale for international offerings; Disadvantages of selling shares internationally; International investors; Price-setting mechanisms; Chapter 5. Determining the value of an IPO company; Types of valuation; Relative valuations; Discounted cash flow valuation; Determining the cost of capital; Cost of debt; Cost of equity; Conclusion; Chapter 6. Documentation and due diligence; Purposes of documentation; Due diligence and verification 327 $aAppendix: Sample due diligence outline Chapter 7. UK offerings; The British market; UK offer structures; UK new issue regulations; Chapter 8. US offers and American depository receipts; Securities regulation in the USA; Private placements vs. public offerings; Depository receipts; Chapter 9. Marketing new issues; The role of the research analyst; Pre-marketing; Formal marketing; Chapter 10. Syndication and fees; The value of syndication; Fees and commissions; Chapter 11. Allocation, stabilization and lockups; Allocation; Stabilization; The lockup period; Chapter 12. Secondary equity offerings 327 $aReasons for secondary offerings Rights offerings; Marketed offerings; Bought deals; Accelerated bookbuilding; Other forms of offering in the UK; Bibliography; Useful websites; Index 330 $aAn initial public offering (IPO) is one of the most significant events in corporate life. It follows months, even years of preparation. During the boom years of the late 1990's bull market, IPOs of growth companies captured the imagination and pocketbooks of investors like never before. This book goes behind the scenes to examine the process of an offering from the decision to go public to the procedures of a subsequent equity offering. The book is written from the perspective of an experienced investment banker describing the hows and whys of IPOs and subsequent equity issues. 410 0$aGlobal capital markets series. 606 $aGoing public (Securities) 606 $aStocks 615 0$aGoing public (Securities) 615 0$aStocks. 676 $a332.6322 700 $aGeddes$b Ross$0892198 801 0$bMiAaPQ 801 1$bMiAaPQ 801 2$bMiAaPQ 906 $aBOOK 912 $a9910780446203321 996 $aIPOs and equity offerings$93706400 997 $aUNINA LEADER 07416oam 22014294 450 001 9910958215803321 005 20250426110722.0 010 $a9781484313121 010 $a1484313127 010 $a9781498395878 010 $a1498395872 035 $a(CKB)2670000000587894 035 $a(EBL)1899707 035 $a(SSID)ssj0001435458 035 $a(PQKBManifestationID)11883611 035 $a(PQKBTitleCode)TC0001435458 035 $a(PQKBWorkID)11434142 035 $a(PQKB)11557516 035 $a(MiAaPQ)EBC1899707 035 $a(Au-PeEL)EBL1899707 035 $a(CaPaEBR)ebr11001052 035 $a(CaONFJC)MIL682311 035 $a(OCoLC)898771124 035 $a(IMF)1MEXEA2014002 035 $a1MEXEA2014002 035 $a(EXLCZ)992670000000587894 100 $a20020129d2014 uf 0 101 0 $aeng 135 $aurcnu|||||||| 181 $ctxt 182 $cc 183 $acr 200 10$aMexico : $eSelected Issues 205 $a1st ed. 210 1$aWashington, D.C. :$cInternational Monetary Fund,$d2014. 215 $a1 online resource (67 p.) 225 1 $aIMF Staff Country Reports 300 $aDescription based upon print version of record. 311 08$a9781498395434 311 08$a1498395430 311 08$a9781322510293 311 08$a1322510296 320 $aIncludes bibliographical references. 327 $aCover; Contents; THE IMPACT OF MEXICO'S ENERGY REFORM ON HYDROCARBONS PRODUCTION; A. Current Challenges in the Energy Industry; B. Most Significant Reform Effort in 75 Years; C. Impact on Energy Production; D. Resource Blessed; E. How Long Does it Take?; F. Production Scenarios; FIGURES; 1. Illustrative Baseline Scenarios; 2. Illustrative Downside Scenarios; G. How Much Investment and FDI?; H. Natural Gas Imports and Transport; I. Electricity Reform; J. Conclusion; References; MADE IN MEXICO: THE ENERGY REFORM AND MANUFACTURING OUTPUT; A. Introduction 327 $aB. The Mexican Manufacturing Sector Since NAFTAC. The Energy Reform: How Much of a Boost for Mexican Manufacturing?; D. Are There Additional Indirect Effects Through Spillovers?; E. Concluding Remarks and Policy Implications; References; TABLES; 1. Energy Consumption (in Petajoules) of the Industrial Sector; 2. Estimates of Elasticities of Manufacturing Output to Energy Prices; 3. Estimates of Elasticities When Energy Inputs Enter Separately; 4. Differential Effects Across Subsectors; APPENDIX; I. Panel VAR model; APPENDIX FIGURES 327 $a1. Impulse Response Functions to a Rise in Electricity Prices with Subsector Spillovers 2. Impulse Response Functions to a Rise in Electricity Prices with Regional Spillovers; CAPITAL FLOW VOLATILITY AND INVESTOR BEHAVIOUR IN MEXICO; A. Introduction; B. Recent Episodes of Extreme Capital Movements in Mexico; FIGURES; 1. Mexico: Extreme Capital Flow Episodes; C. Behavior of Foreign and Domestic Mutual Funds in Mexico; 2. Evidence of Herding (net sellers as a percent of total funds); 3. Evidence of Herding (based on the herding index) 327 $aD. Does Foreign Participation Amplify External Shock? A Time-Series Analysis of Mexican Sovereign Bond Market E. Concluding Remarks; BOXES; 1. OLS and Multivariate GARCH Models; 2. Data on Foreign Mutual Funds; TABLES; 1a. Bond Funds: Evidence of Positive Feedback Trading Behavior; 1b. Equity Funds: Evidence of Positive Feedback Trading Behavior; 2a. Robustness Check (1)-Using a Longer Sample for Foreign Mutual Funds; 2b. Robustness Check (2)-Using Dollar-Denominated Return on the 3-month Government Bonds; 3a. OLS Regression Results (VIX Shock); 3b. OLS Regression Results (U.S. Tapering Shock) 327 $a4a. Multivariate GARCH Results (VIX Shock)4b. Multivariate GARCH Results (U.S. Tapering Shock); References 330 3 $aThis Selected Issues paper analyzes the impact of Mexico?s energy reform on hydrocarbons production. These reforms aim to increase oil and gas production by eliminating the state oil company?s (PEMEX) monopoly on exploration and production of hydrocarbons, while retaining the prime directive that these resources are the property of the Mexican nation. This paper focuses on the nature of reforms and what problems these reforms are addressing. It presents illustrative production scenarios for crude oil and natural gas and estimates the commensurate investment costs and foreign direct investment associated with each scenario. The paper also examines the markets for the distribution of natural gas and electricity. 410 0$aIMF Staff Country Reports; Country Report ;$vNo. 2014/320 606 $aGlobal Financial Crisis, 2008-2009 606 $aFinancial crises$zMexico 606 $aEconomic development$zMexico 606 $aInvestments: Energy$2imf 606 $aInvestments: Bonds$2imf 606 $aIndustries: Energy$2imf 606 $aIndustries: Manufacturing$2imf 606 $aIndustries: Financial Services$2imf 606 $aGeneral Financial Markets: General (includes Measurement and Data)$2imf 606 $aHydrocarbon Resources$2imf 606 $aPension Funds$2imf 606 $aNon-bank Financial Institutions$2imf 606 $aFinancial Instruments$2imf 606 $aInstitutional Investors$2imf 606 $aElectric Utilities$2imf 606 $aIndustry Studies: Manufacturing: General$2imf 606 $aInvestment & securities$2imf 606 $aPetroleum, oil & gas industries$2imf 606 $aFinance$2imf 606 $aManufacturing industries$2imf 606 $aInternational economics$2imf 606 $aNatural gas sector$2imf 606 $aMutual funds$2imf 606 $aBond yields$2imf 606 $aSovereign bonds$2imf 606 $aElectricity$2imf 606 $aEconomic sectors$2imf 606 $aFinancial institutions$2imf 606 $aCommodities$2imf 606 $aBonds$2imf 606 $aGas industry$2imf 606 $aElectric utilities$2imf 607 $aMexico$2imf 615 0$aGlobal Financial Crisis, 2008-2009. 615 0$aFinancial crises 615 0$aEconomic development 615 7$aInvestments: Energy 615 7$aInvestments: Bonds 615 7$aIndustries: Energy 615 7$aIndustries: Manufacturing 615 7$aIndustries: Financial Services 615 7$aGeneral Financial Markets: General (includes Measurement and Data) 615 7$aHydrocarbon Resources 615 7$aPension Funds 615 7$aNon-bank Financial Institutions 615 7$aFinancial Instruments 615 7$aInstitutional Investors 615 7$aElectric Utilities 615 7$aIndustry Studies: Manufacturing: General 615 7$aInvestment & securities 615 7$aPetroleum, oil & gas industries 615 7$aFinance 615 7$aManufacturing industries 615 7$aInternational economics 615 7$aNatural gas sector 615 7$aMutual funds 615 7$aBond yields 615 7$aSovereign bonds 615 7$aElectricity 615 7$aEconomic sectors 615 7$aFinancial institutions 615 7$aCommodities 615 7$aBonds 615 7$aGas industry 615 7$aElectric utilities 676 $a330.90511 712 02$aInternational Monetary Fund, 801 0$bDcWaIMF 906 $aBOOK 912 $a9910958215803321 996 $aMexico$9163857 997 $aUNINA