Chapter 2

The Purpose of Investment Banking: What Investment Bankers Do

In This Chapter

arrow Getting a high-level grasp of the role investment banks play in the capital markets

arrow Finding out what job investment banks play in mergers and acquisitions

arrow Seeing how investment banks deal with leveraged buyouts

arrow Coming to terms with the importance of investment research

arrow Getting an understanding of private business sales, trading, and initial public offerings

arrow Seeing why investment bankers pay so much attention to valuation of assets

Investment banking is the grease that oils the capitalistic machine. Businesses, entrepreneurs, governments, schools, and other institutions that hope to build and expand need cash to make it happen. But in the financial version of the chicken-and-the-egg dilemma, sometimes the people with the great plans don't have the cash to get started.

And that's exactly where investment ...

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