Skip to main content

Introducing iBanker Nightly

Good night, everyone, welcome to the iBanker Nightly!

The idea to start this blog came to me after about a year of relating my investment banking experience in a leading Japanese securities house in another blog knarkh.livejournal.com. This blog will be different in several respects:

1. This blog will be more professional. Main topics that I intend to cover will be investment banking and financial markets in general, their specifics in Japan, and business between Japan and Europe/Russia.
2. I hope this blog will become a place of discussions and knowledge sharing on the subjects metioned above.
3. Most obviously, the primary language of this blog will be English, although posts in Russian and Japanese will occasionally appear where relevant.

Why iBanker Nightly?

First of all, investment banking is an industry of notoriously long working hours, so many posts will appear late into the night. Secondly, as I am in Japan, my daytime posts will appear at night for the readers in the U.S.

Welcome again, and I hope I can make this blog a good combination of value and fun.

Yours,
Knarkh

Comments

Post a Comment

Popular posts from this blog

Investment Banking Series: Pitch Books

Investment Banking Series Post 3 Pitch Books 1. What is it anyway? A pitch book is the paramount of days and nights of a banker's hard work. It is a marketing tool that tries to set apart basically very similar banks and to support the claim that THIS bank, and NO ANY OTHER should be selected to arrange the deal. They say pitch books used to be actual books, but in the present world they are Power Point presentations printed out and bound in a plastic cover. The main purpose of the pitch book is to deliver two messages to the prospective client: (1) "we understand your business very well", and (2) "when it comes to arranging your deal, we are the best fit". Both claims are usually weak at best, but they are made elaborately and extensively, and the resulting multi page document often looks impressive. 2. Typical structure A pitch book will have varying structure depending on what product is being proposed, but there is a lot of similarities. Below is o...
1 comment
Read more

Invesment Banking Series: Roadshows

Investment Banking Series Post 7 Roadshows 1. What is it anyway? Roadshow is basically marketing of the firm issuing securities to the potential investors. CFO, CEO and a few more people from senior managers hit the road and make presentations to all kind of investors in both group and one-to-one meetings. The presentation's contents are typically heavily curated by investment bankers to make sure that the equity story is as smooth and persuasive as possible, and they show and tell only the positive sides of their business. There would be an explanation of the existing business, and the expansion plans that will be financed by the proceeds from fund-raising. It is actually also a good opportunity for junior bankers to meet the company that they spend many days and nights to make look good in the pitch book. And the savvy ones would make good use of it to connect with the CEOs and CFOs that in the future may benefit from their investment banking services. 2. Inv...
Post a Comment
Read more

Investment Banking Series: Equity Story

Investment Banking Series Post 6 Equity Story 1. What is it anyway? Equity Story is, in its essence, the reasoning why the particular stock should be bought by investors. It emphasizes the strong side of the company and places the stock in either the value or the growth category. In a nutshell, the value stock is expected to have little price appreciation, but pay out relatively high dividend, whereas the growth stock is expected to have a high appreciation potential, but not necessarily pay much dividend. How a stock is classified depends on several factors, such as where in the industry life cycle it is, what the macro conditions are, what industry it belongs to, or sometimes even if it has a hot buzzword in its description. For instance, a power generation company would usually be classified as a value stock: there is very little growth potential, but the cash flows are steady and not as much correlated with the economic conditions. An Internet portal or a biotech company ar...
3 comments
Read more