The bubble finally bursting is symptomatic that further changes are badly needed
“Philippe Espinasse is Mr IPO. There is no greater authority on the Asian new listings market”
“Philippe knows the IPO process inside out. Just as importantly, he explains complex concepts in clear and simple prose”
"A superb guide, from a master poacher turned gamekeeper"
Best-selling author of 'Trust Me, I'm a Banker' and 'The Ego has Landed'
"For any professional involved directly or indirectly in equity capital markets, 'IPO: A Global Guide' is an excellent and detailed overview of the major IPO markets and issues around the world"
Former Managing Director
Global Head of ECM & Vice Chairman, Investment Banking
Bank of China International
"Philippe, an ex-banker, is an expert on Asia’s initial public offering scene, and has incisive thoughts on a dynamic and fast-moving sector..."
“When, what and how to talk to an investment banker to safeguard your interests (over theirs) and avoid common pitfalls. ‘Mr IPO’ has outdone himself with this rare, honest and meticulous 'self-help' book for companies/issuers planning to traverse the multi-faceted and complex IPO route”
Senior Correspondent, The Business Times
“...an easy-to-read insider guide, packed with sample correspondence and documents... Good read for new practitioners”
Emerging Markets Columnist, Barron's
"Philippe Espinasse has written a first-class primer on the IPO market. Full of real-world examples, the book provides a comprehensive and detailed - but lively - view of the IPO process. A valuable introduction to the market"
"In recent years, China has emerged as one the largest IPO markets around the globe. Given his wealth of experience in the Asian IPO markets, Philippe is in a unique position to provide insight into the step-wise process of a successful listing in the region"
Herald van der Linde
Managing Director & Deputy Head of Equity Research
The Hongkong and Shanghai Banking Corporation Limited
"A most enjoyable and well-informed insider’s guide that looks beyond the theory and examines in detail all aspects of conducting an international IPO. A very valuable read for issuers and other participants in the global equity markets"
Datuk Ganen Sarvananthan
Executive Director, Head of Investments
Khazanah Nasional Bhd
"Philippe Espinasse lays out a comprehensive, detailed, step-by-step approach for everyone from college graduates to CEOs to become familiar with IPOs"
Chief Investment Officer
Emirates Investment & Development P.S.C.
"In 'IPO: A Global Guide', author Philippe Espinasse breaks the trade into its component parts, explaining how the business works - and doesn't - in clear, compelling, easy-to-understand language. For anyone who wants to understand finance today, the book is a must-have"
Shu-Ching Jean Chen
"Philippe's well researched book is a valuable initiative. Coming from someone with direct experience of IPOs, it is also wholly objective and complete. A most positive and productive contribution"
François de Carbonnel
"About time. A well-written book for the user; clearly navigating the critical decisions faced by issuers in this otherwise opaque market"
Tiger Group Investments
"This book simplifies with clarity what has always been a complex subject and that is its great merit. All professionals involved in advising on, or executing, IPOs; finance and corporate management teams; investors; and other market participants should welcome this book"
Partner, International Capital Markets
Allen & Overy
"Philippe has put together an impressively comprehensive compendium of all aspects of getting an IPO done. The book has revealed all the trade secrets and will serve as a useful introduction to novice, and guide to all, practitioners"
George Kwok Lung Hongchoy
Executive Director & Chief Executive Officer
The Link Management Limited
"As an experienced practitioner of the 'dark arts' of equity capital markets, Philippe brings a wealth of knowledge to the study of this process that even market participants will find interesting, and neophytes will find fascinating and enriching"
Piers Higson Smith
Director, Head of Capital Markets
"A sophisticated and detailed study that takes a major step forward in IPO research and analysis. It covers not just a topic but a whole territory. The new benchmark for all subsequent inquiries on the subject"
Takashi Kasagami and Charles Vacher
Pacific Financial Partners, LLC
"Philippe Espinasse’s book is a true encyclopaedia and also a remarkable reference publication on IPOs. Market professionals will appreciate reading this book, as will entrepreneurs, managers, bankers and investors"
"It's actually three books into one: a practical guide for the entrepreneur assessing a listing for his company; insightful research for the investor facing new opportunities; and a must-read for every professional and student to understand the world of IPOs through an insider’s eyes"
Founder and Chief Executive Officer
Adam Smith Capital
"Espinasse writes with authority on one of the most high-profile but little understood sectors of the financial markets. The book is particularly valuable for being written by a professional in Asia, now that IPOs from that part of the world are leading the way in volume and in innovation"
Chief Financial Officer
"Philippe’s global guide on IPOs is a must-have in today’s market of scarce and expensive capital. His global and vast experience of taking companies public from a wide range of sectors makes this a unique and truly 'one stop shop' reference book for entrepreneurs and CFOs"
Head of Corporate Development
"A real A to Z of what an IPO is really all about. The book is savvy, practical, insightful, current and, above all, offers a truly international analysis that no one has ever offered before"
Media Tree Limited
"A complete approach to what an IPO exercise is all about, written by one of the most experienced professionals in the banking industry"
Chairman and Chief Executive Officer
Gamesa Corporación Tecnológica, S.A.
"Highly recommend! Espinasse has written a superb, concise and comprehensive guide for practitioners and novices alike. Entrepreneurs considering the public route as well as private equity GPs looking to exit through the IPO markets will find this an invaluable resource"
Managing Director - Business Development
"Philippe Espinasse reveals the intricate mechanics of the listing process. Refreshingly, Espinasse – a former head of equity capital markets at two major Asia Pacific investment banks – provides a rare global perspective to this process"
"A comprehensive yet easily approachable guide that unmasks the inner workings of an IPO by an experienced investment banker"
Paul W. Lai
Former Head of Hong Kong and Greater China Investment Banking
CLSA Equity Capital Markets Limited
"Philippe has done a great job of capturing the essentials of IPOs in a logical and easy-to-read manner. This is a must-read for finance professionals and entrepreneurs who would like to gain an understanding of IPOs via a step-by-step approach, and through a practitioner's insight"
Managing Director, Mergers & Acquisitions
informative and insightful - Philippe's book is a 'must-read' to appreciate many of the perspectives of IPOs and other listings on international securities exchanges"
Paul S. Lau
Former Managing Partner, Asia
Harney Westwood & Reigels
"A treasure trove of information for family-owned groups; full of practical advice on the rocky road to a public flotation"
"A pleasant read and a much-needed publication; full of ideas for corporates, bankers and investors alike - and most particularly in the fast-growing emerging capital markets"
Partner and Country Managing Director
DFDL Mekong Vietnam
Please click on the relevant tabs or links to learn more about:
- my books, "IPO: A Global Guide", the only guide to initial public offerings covering the subject on a truly global basis, as well as across the entire spectrum of equity securities; and “IPO Banks: Pitch, Selection and Mandate”, a global guide to interviewing, choosing and appointing investment banks for a flotation; and
- me, Philippe Espinasse, an author and independent consultant based in Hong Kong.
This official website also includes a blog, reporting on global developments in IPOs, as well as in the sphere of equity capital markets (ECM). This includes more than 290 articles I wrote since November 2010 for Dow Jones, the Wall Street Journal, the South China Morning Post and other financial and general newspapers and magazines.
Please click HERE for information on upcoming - and past - events, and print, TV and radio interviews.
You can also follow me on Twitter @IPOBOOK (consistently ranked as one of the top 50 most active Twitter accounts in Hong Kong) for a daily round up of IPO and ECM news. This includes an archive of more than 27,000 tweets:
The bubble finally bursting is symptomatic that further changes are badly needed
China International Capital Corporate (CICC) has filed for its IPO in Hong Kong. It is a venerable name, but its best days may be behind it
More urgent reforms are needed for the exchange to compare favourably with New York or London
Once the darling of ECM departments, the Southeast Asia nation now languishes at the bottom of the regional league tables