About the Book

Investment Banking: Valuation, LBOs, M&A, and IPOs, Third Edition provides a timely update to the global best-selling book on investment banking and valuation. This new edition by co-authors Joshua Rosenbaum and Joshua Pearl reflects valuable contributions from Nasdaq and the global law firm Latham & Watkins LLP. It is a must-have guide for navigating the complex world of deal-making. 

Together, Josh Pearl and Joshua Rosenbaum explain how to perform the valuation work and financial analysis at the core of Wall Street, including comparable companies, precedent transactions, DCF, LBO, M&A analysis and IPO analytics. 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 stems from the authors' personal experiences as students interviewing for investment banking positions. They both realized their classroom experience was removed from how valuation and financial analysis are performed in real-world situations. As a result, in 2009, Josh Pearl and Joshua Rosenbaum co-authored the first edition of Investment Banking to help those individuals seeking to begin a career on Wall Street. 

10 years of the release of the first edition, their book is more relevant and topical than ever. It is now used in more than 200 universities across the globe 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.

Josh Pearl and Joshua Rosenbaum have updated their book to changing market developments and conditions, turning the latest edition of Investment Banking: Valuation, LBOs, M&A, and IPOs into a comprehensive training package that includes two new chapters covering IPOs.