Read the above documents and the IPO book (e-copy available on Blackboard)
to answer the following questions. You may wish to use external
references/material from credible sources (such as financial press, journal
articles):
(i) An IPO marks a strategic milestone for a company.
(a) Explain the generic benefits and drawbacks of going public.
(b) What may have motivated Ferrari (Ticker symbol ‘RACE’) to go public?
(c) Why do you think Ferrari chose to list on New York Stock Exchange?
(d) What can you say about the primary and secondary shares sold in the
Ferrari IPO? (16 marks)
(ii) What is an IPO over-allotment (Greenshoe) option? Did Ferrari include such an
option in its IPO? (6 marks)
(iii) The underwriting investment bank takes on a central role in the IPO process.
(a) What are the key tasks executed by the underwriter?
(b) What are primary considerations when selecting an underwriter?
(c) Often, multiple underwriters are involved. In the case of Ferrari, a
syndicate of 7 underwriters was involved in the IPO. What are the main
motivations for syndication?
(d) How much compensation was paid to the underwriters of Ferrari? Do you
think it is comparable to the average compensation paid to underwriters in US
IPOs?
(e) What do you understand by ‘price-stabilization’ activities conducted by the
underwriter(s)? Do you think the underwriters were involved in pricestabilization of the Ferrari IPO? (25 marks)
(iv) Describe what happens during ‘book-building’ of an IPO. What price range was
used for book building of the Ferrari IPO? Why do you think Ferrari priced its offering
at the top end of the book-building range? (10 marks)
(v) Based on the information given in the case study and the IPO prospectus,
discuss the pricing of the Ferrari IPO. Would you have invested in Ferrari at this
price? (10 marks)
(vi) What are IPO lock-up agreements? Describe the lock-up agreement of the
Ferrari IPO. (5 marks)
(vii) The diagram below shows the performance of Ferrari shares from October 2015
to September 2019. The first day of public trading of RACE shares was 21 October
2015. Shares were sold in the IPO at an offer price of $52. More information on daily
share price movements is available in the Excel file (RACE shareprice).
Based on a visual examination of the chart above, how does the performance of the
Ferrari IPO compare with average IPO performance documented by past empirical
studies
i. in terms of the short term (1st trading day)?
ii. and over the longer term (4 years)?
Past studies have suggested several explanations for short-run underpricing and
long-run underperformance of IPOs. Discuss the ones which you think are relevant
to Ferrari’s case? (16 marks)
(viii) In the light of the main theories of capital structure, provide a discussion of the
evolution of the capital structure of Ferrari since its IPO. You will find the Annual
Report 2018 helpful in answering this question
Author: admin
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“The Ferrari IPO: Strategic Milestone and Performance Analysis”
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Title: “Aldohexoses and their Reactions: Kiliani-Fischer Synthesis and Wohl Degradation”
9. a. Identify the two aldohexoses that are obtained when D-arabinose undergoes a Kiliani–Fischer synthesis. b. Identify the two aldohexoses that will undergo a Wohl degradation to yield D-ribose. Draw a Fischer
projection of the open-chain form for each of these two aldohexoses. -
Technical Writing: Principles, Practices, and Applications in Business
You are required to write an 10 page technical paper on a technical topic of your choosing. Your final draft is due at the end of Week 8. Be sure your paper meets the following requirements:
Include in the final paper: A description of the scope and principal features of writing a technical paper, cite core theories and practices, and offer a similar explication (explanation) of a related field such as business field that would benefit from technical writing.
1) 10 pages (double-spaced).
2) Choose any technical topic to write your report about.
3) Identify the purpose and audience of your report.
4) Use at least seven references outside of your textbook (you may use your textbook too, but are not required to).
5) In addition to the required number of pages for the assignment, you must also include the index from week 6, a reference page (bibliography), written in APA style, and a title page. Be sure to give all of your papers a descriptive title!
6) Use your approved topic.
7) Use your approved outline.
8) Typewritten in double-spaced format with a readable style and font and submitted inside the electronic classroom (unless classroom access is not possible and other arrangements have been approved by the professor).
9) Arial 11 or 12-point font or Times New Roman styles.
10) Page margins Top, Bottom, Left Side and Right Side = 1 inch, with reasonable accommodation being made for special situations
11) Your paper must be in your own words, representing original work. Paraphrases of others’ work must include attributions to the authors. Limit quotations to an average of no more than 3-5 lines, and use quotations sparingly! -
Title: “Revolutionizing Seaports: The Role of Technology and Innovation in the Maritime Industry”
I need your support to provide me with the following:
– Word format
– Avoid plagiarism
—————————————————————————————
For the subject of :
Seaport Technology and Innovation
I need report with compliance of the attached criteria and minimum count of words”5000″, and adding the citation in the content and references at the end of paper with creditable sources for last 5 years “at least 10 references ”
Make sure your report will structured (Table of content, Table of figures , Introduction, sections , conclusion and references).
Make sure you follow all the guidlines for the references style and for the content of the paper -
Title: Negotiating Identity: The Evolution of Race in America from the Civil War to the Early 2000s
Using the primary sources in the American YAWP textbook as evidence, write an argumentative, thesis-driven paper responding to the following prompt:
–
In this class we have addressed, in a broad and general sense, how the development of the United States involved constant negotiations and transformations around a number of political and sociological issues, including (but not limited to) race, gender, sexuality, and class. In this 6-7 page (approx. 1,600 words) double-spaced, Times New Roman font paper, please select one of these issues or themes and make an argument for how it has evolved over the course of American history. NOTE: you can make an argument about, say, race from the Civil War to now, or you can make a more discrete analysis (example: exploring how race or racism looked with respect to a certain demographic, or at a certain time period in American history). NOTE: this paper must focus specifically on the period between the Civil War and the early 2000s. This is a very open prompt, as I want you to select a theme you’re interested in investigating and make an argument about the past – you can choose anything from history of fashion to history of economics, sports, and more! Please use 5 primary sources, at least. -
“The Representation of Violence and the Body in Invisible Women: A Review”
Instructions are uploaded
Each student is required to view one production and write a 2-3 page (500 -750 words) response, paying particular attention to the representation of the body and violence. You will not be required to see a live performance. A list of live and filmed options is provided below. Students will see the transformation from the page to the stage and reflect on this experience by writing a review.
pick one flim
Invisible Women
Written by Pamela Russell
Here is a link to the taped performance:
Invisible Women
(Running time 1hr 5 min)
Presented by the John Lion New Plays Festival
After years of stealing wallets from wealthy men, slip-and-fall lawsuits, credit card fraud and all-around grifting, two septuagenarians decide to up their game by volunteering at a local homeless shelter. Posing as kind old ladies with hearts of gold, they befriend a few down-on-their-luck homeless men and appear willing to do anything to help them get back on their feet. But things get a little less charitable and a lot more sinister when the men start turning up dead!
Filmed Professional Productions
A Woman in Waiting
Written by Yael Farber and Thembi Mtshali-Jones
Directed and Created by Yael Farber
Farber Foundry Company
A semi-autobiographical one-woman show about Thembi Mtshali-Jones and her life growing up in apartheid South Africa.
Here is a link to the taped performance:
A Woman in WaitingLinks to an external site.
(Running time: 1 hr, 13 min)
* For full screen, click on the farthest bottom right button
Step 2: Questions to Consider:
You can focus on the questions that interest you the most, but you should address the question(s) from each section.
Description: describe the production (what you saw and heard)
Include basic details: titles, director, major performers
Describe the audience and the performance venue, if shown
Describe the acting or performance style and performances that stood out to you
Describe the world of the piece (sets, lighting, costumes, etc.)
Describe staging conventions (example: do performers acknowledge the spectators?)
Interpretation: interpret the production (you can refer to programs and other sources to support your interpretation)
What was it about to you? (Do not include a plot synopsis. You can assume your reader is familiar with the play.)
Does the performance relate to any of the styles or plays we have discussed at in class? If so, how?
How is the theme of violence represented? (ie graphically, or subtly, onstage or offstage?)
What do you think were the artists’ intentions through their depiction of violence?
Evaluation: evaluate what you saw within the context of what you think they were attempting
Was the intention worthwhile?
How effectively did it fulfill what you believe was the intention?
How did the spectators respond?
Would you recommend the production? Why or why not?
*Step 3: Remember to organize your response into paragraph form and pay attention to spelling and grammar! -
Title: Exploring Positive Deviance at a Public Scale through Leading Causes of Life and Neighborliness
Leading Causes of Life as a clue to positive deviance at
public scale.
Watch: Flip to Life YouTube Channel.
Student pick three to review. https://www.youtube.com/channel/UCiJ9slM9mzzlFf5mMcjPz8w/videos
Open Neighborliness. Whole book by Dr. David Docusen. And review his website.
Students will craft a journal of their reflections and engagement after each class session
(roughly 500-700 words or an alternative media, if approved). -
Title: The Distorted Lens of Law, Order, and Justice: A Cultural Exploration of The Watchmen and its Commentary on the Role of Superheroes in American Society
Explore how culture and identity shape the American ideas of law, order, and justice in The Watchmen. Why does this comic distort American history and politics? How does this effect the role of the superhero or vigilante in their version of the United States, and what commentary might this be on who or what should determine the greater good in society?
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Title: The Impact of Artificial Intelligence on Society
3 sections make each section separate don’t use AI I have attached the readings for #4,#5 make sure the 600 word count is split between the 3
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“Exploring the Impact of Digital Marketing on Consumer Behavior: A Case Study of XYZ Company”
The title of the project should not be more than 12 words in length. The complete Project Work should be submitted in 15000-30000 words. You are supposed to submit project work along with an extended abstract and project guide resume simultaneously.
You must be careful about the Originality and Relevance of the Project Topic to avoid Project Rejection at a later stage. Therefore, you are required to submit a plagiarism report acknowledging 85% originality
Project Guide must be a graduate with a minimum of 10 years of work experience Ensure to include signed & scanned copies of the following essential certificates
From Project Guide: Certifying bonafides of project work carried out under his/her supervision
From a student: Certifying that submitted project work is an original piece of work and has not been submitted earlier
Viva Questions will be accessible after uploading Project Work.
Project submission will be accepted only after the Project file is uploaded and Viva questions are answered Generally, it takes four to six weeks to complete the process of evaluation of project work.