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Investment Banking: Valuation, LBOs, M&A, and IPOs (Book + Valuation Models) Hardcover – Feb. 23 2022

4.7 out of 5 stars 156 ratings

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Product description

From the Inside Flap

A timely update to the global bestselling book on investment banking and valuation

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, Third 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.

As the world of finance adjusts to the new normal of the post-Great Recession era, it merits revisiting the pillars of the second edition for today’s environment. 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, while adding two new chapters on IPOs.

From the Back Cover

Praise for Investment Banking

“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

Love in the air, coffee in their cup

Product details

  • Publisher ‏ : ‎ Wiley; 3rd edition (Feb. 23 2022)
  • Language ‏ : ‎ English
  • Hardcover ‏ : ‎ 512 pages
  • ISBN-10 ‏ : ‎ 1119867878
  • ISBN-13 ‏ : ‎ 978-1119867876
  • Item weight ‏ : ‎ 1.18 kg
  • Dimensions ‏ : ‎ 18.54 x 3.05 x 25.91 cm
  • Customer Reviews:
    4.7 out of 5 stars 156 ratings

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Customer reviews

4.7 out of 5 stars
4.7 out of 5
156 global ratings

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5.0 out of 5 stars IBD
Reviewed in the United Kingdom 🇬🇧 on February 20, 2021
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5.0 out of 5 stars Von Investment Bankern für Investment Banker
Reviewed in Germany 🇩🇪 on June 24, 2021
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Francisco Javier Gomez Diaz
5.0 out of 5 stars Great insights
Reviewed in Mexico 🇲🇽 on August 9, 2021
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Machine Head
4.0 out of 5 stars Nice book to read before bed
Reviewed in Germany 🇩🇪 on November 27, 2021
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C. Ang
4.0 out of 5 stars New edition but the content and feel is very similar to prior editions
Reviewed in the United States 🇺🇸 on April 20, 2020
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