Pre-IPO business and financial instruments’ valuation - Workshop 2018

As one of the world’s preeminent international financial centres, Hong Kong has become a destination of choice of many companies seeking to make the transition from private to public ownership through initial public offering (“IPO”) and listing on the Hong Kong Stock Exchange.

This workshop will cover the unique structure of specific financial instruments, the pros and cons of adopting different types of financial instrument for pre-IPO finance and the degree of financial accounting impact due to the future market change.

Case studies will be used to illustrate how the pre-IPO companies utilise the pre-IPO financing through the financial instruments. A basic valuation model will also be introduced and demonstrated for a better understanding.


Key topics covered:

  • Key Highlights of Business Valuation of Pre-IPO Companies
  • Situations when Pre-IPO business valuation is required
  • Introduction of major pre-IPO financing through financial instruments in general market practice
  • Key feature and structure of financial instruments
  • Pros and cons of utilisation of different types of financial instruments
  • Case studies to demonstrate the key challenge of the pre-IPO companies in relation to pre-IPO financing through financial instruments


Trainer profile:

Victor Siu, CFA

Victor Siu, CFA has over 10 years of experience in the finance sector, with this current role as the Head of Business Valuation and Transaction Advisory at Greater China Appraisal Limited. Prior to joining Greater China, Victor co-founded and held the position as CEO of Yemaigu Internet Financial Services, one of the leading P2P lending platforms in Shenzhen, China. Victor also has over 6 years of experience in the investment banking sector with UBS and Daiwa Capital, and had been involved in numerous capital raising and M&A transactions with a focus on TMT and cleantech sectors. Prior to resuming his career in Hong Kong, Victor held the position of financial analyst with the Ministry of Finance in Canada.

 

Brian W.C. Wong, CFA, FRM

Mr Wong has 8 years of experience in professional valuation services. He is the head of Financial Instrument Valuation and Risk Advisory of Greater China Appraisal Limited. He advises on valuation matters for financial reporting, private equity, pre-IPO investments, mergers and acquisitions and distressed debt. Mr Wong has solid experience in assisting banks to build their internal model for their internal reporting purpose. Mr Wong has experience in leading valuation for various types of financial instruments including share options, warrants, convertible bonds, convertible preference shares, pension funds and long service payment, accumulators/decumulators, equity-linked instruments, structured deposit contracts and commodity/currency/interest rate swaps.

Learning objectives

  • Understand the importance of valuation planning for Pre-IPO financing or restructuring
  • Know the key concepts of business valuation for pre-IPO companies
  • Understand the structure and valuation of the financial instruments
  • Know how the utilisation of financial instruments affects the IPO progress
  • Gain basic knowledge of the valuation model

Audience

This workshop is suitable for accountants and auditors who ae working for IPO companies as well as corporate finance practitioners and anyone who wish to understand the valuation and accounting impact for various options of Pre-IPO financing.

3 hours

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