A company's IPO is one of the biggest strategic decisions it can make during its financial lifespan and is considered the best way to raise capital and expand in the future. Due to the rapid growth of the financial markets، private companies were able to obtain liquidity، expand their shareholder base، and introduce radical structural and operational changes through public offerings. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs. This training program aims to prepare participants with the knowledge، skills، and tools necessary to originate & execute IPOs.
At the end of the training program, the participant should be able to:
1 IPOs at a glance
2 The Issuer
3 Key IPO Advisors
Issuer External Auditor (IPO related scope)
Financial Advisor (One Advisor with Multi-Roles)
Issuer Legal Advisor
Financial Due Diligence Advisor
Market Study Advisor
Underwriter’s Legal Advisor (Key Market)
PR Advisor
4 Regulators
Capital Market Authority (“CMA”)
"Saudi Exchange Company “Tadawul
Other Regulators
5 Investors
Key Institutional Investors Profiles
Retail Investors
1 Issuer Obligations
Application for Listing of Shares
Board Duties
2 Financial Advisor Obligations
Due Diligence Letter
Underwriting Letter
Confirmations submitted to the Regulator
3 Legal Advisor Obligations
Due Diligence Letter
4 Main
The Issuer
Financial Advisor
Due Diligence Advisors
Investors
5 IPOs Origination
Understanding IPO objectives
Pitching IPO Proposals
Key Transaction Considerations
IPO Readiness
Credentials
IPO Roadmap
6 Study Cases
1 Financial Due Diligence (“FDD”)
Managing Financial Due Diligence Process
Reviewing FDD Report
FDD Lessons Learnt from Previous Transactions
Remedial plan to address findings
Using FDD report to enhance prospectus disclosure
Reviewing MD
Tax Due Diligence Overview
Study Cases
2 Legal Due Diligence (“LDD”)
Managing Legal Due Diligence Process
Reviewing LDD Report
Related Party Transactions
Remedial plan to address findings
Using LDD report to draft prospectus
Study Cases
3 Market Study
Managing Market Due Diligence Process
Reviewing Market study
Using the market study for the IPO deliverables: market section، business plan
1 Equity Story Illustration
Corporate Strategy
Investment Thesis
2 Risk Factors: Protecting Issuer Board of Directors
General Risks Factors
Specific Risk Factors
FDD Open Findings
LDD Open Findings
Lessons Learnt from Previous Prospectuses
3 Management Section: A Key Determining Factor for Investors
Importance of Organizational Structure
Board of Directors
Management Section
Corporate Governance Disclosure
Key Board Resolutions
4 MD
Revenues Breakdown
MD
Lessons Learnt from Previous Transactions
Study Cases
1 Preliminary Valuation Views
Business Plan
DCF
Comparable
Other Considerations
2 CMA Submission Documents
Company’s resolutions
Board Declarations
Advisors Consent Letters
Advisors Due Diligence Letters
Underwriting Letter
Prospectus
Legal File
Other Documents
3 Tadawul Submission Documents
Company’s Annex
Legal File
Other Documents
1 Early Look Presentation:
Investors Profiling
Meeting Objectives
ELP Content
2 Bookrunners Appointment
Objectives
Importance of Research Analysts
Importance of Organizational structure
Board of Directors
3 Research Analysts
Research Reports Added Value to the IPO
Analyst Presentation process
4 Pilot Fishing to Build “Anchor” Demand Base: Marketing Plan
Intention To Float (“ITF”)
Research Reports Publication
Investor Communication
Roadshows
Retail Subscription
Allocation
The exam applicant must have a high school Degree
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Names of the training programs that are integrated (enriched) with the training program:
Names of the training programs that after the training program:
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