Free guides and articles on corporate finance, investing and the markets.
What actually happens between a company deciding to go public and its first day of trading, step by step, as seen from the banker’s desk.
Trading multiples tell you how listed businesses are priced today. Transaction multiples show what acquirers have paid in completed deals. Both can help value a business, but they answer different questions.
What a business is worth to its shareholders and what it would cost to acquire outright are two different numbers. Here’s the bridge between them, and what each piece along the way represents.
Every company that reports its financial results produces (roughly) the same four documents. They're often bundled together and called "the financial statements" or "the accounts," but each one is doing a completely different job.
