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Title

Conflicts Among Sell-Side Analysts? Snap's Valuation in the Post IPO Period

Event Description

**CLICK HERE TO REGISTER**​


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EVENT DETAILS​

Date: 3 April 2019, Wednesday

Time: 6.30pm to 9pm (Registration and Dinner starts at 6.30pm; Talk begins at 7pm)

Venue: 160 Robinson Road, #06-01, SBF Centre, Singapore 068914

Speaker: Prof. Vidhan K Goyal


EVENT SYNOPSIS

On March 2, 2017, Snap Inc. went public at an initial offering price of $17.00 per share. Over the next three weeks, several unaffiliated analysts (i.e., not serving as underwriters for the IPO) made investment recommendations on Snap. When the IPO quiet period ended on March 27, many more analysts – including analysts from the IPO’s lead underwriters – issued recommendations.

 

In this talk, we will explore the challenges of valuing young, rapidly growing technology firms and the role analysts play in conveying value-relevant information. We use “Valuing Snap After the IPO Quiet Period” (HBS Case #218095) to: 

 

a. Illustrate the mechanics of discounted cash flow valuation of Snap

b. Assess the reasonableness of the key inputs in analysts' valuation analysis

c. Hightlight the potential conflicts of interest facing affiliated sell-side analysts

d. Analyze how research analysts actually value firms.


TERMS AND CONDITIONS

•Registration will only be confirmed upon receipt of the registration form and full payment.
•No cash payment will be accepted for on-site registration.
•If any registered participant is unable to attend, a replacement is welcome, but a top-up may apply depending on the
membership category of the replacement participant. However, no refund would be made.
•CFA Society Singapore reserves the right to:
 * cancel, postpone or make any changes to the terms of the event at its sole discretion without giving any prior notice;
 * reject any registrations;
 * collect payment shortfall in accordance to the actual membership status of participants.
• By signing and submitting this form, I / we consent to CFA Society Singapore collecting, using, disclosing and processing my / our personal data :
  (1)  for purposes related to the administration of the registration for the above event;
  (2)  to send me updates informing me / us of events and activities organized by CFA Society Singapore.

*I understand that my personal data will be used and retained in accordance with the CFA Society Singapore Personal Data Policy available at www.cfasingapore.org

 
GLOBAL PASSPORT PROGRAMME
 

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The Global Passport Program allows members of participating CFA societies to attend each other's society events at the local member price.

Event Type

Society; Educational

Education Topic

 

Start Time

4/3/2019 18:30

End Time

4/3/2019 21:00

City

Singapore

State/Province

Singapore

Event Country

Singapore

Event Region

Asia Pacific

Location Info

SBF Centre (Level 6)

Speaker

Prof. Vidhan K Goyal

CE Credits

1.5

SER Credit

NIL

Currency

SGD

Member Price

0.00

Non-Member Price

$40.00

Candidate Price

$20.00

Registration

​Click HERE​ to register

All Day Event

 

Recurrence

 

Event Photo

 

Custom Event Type

PD

Date

3 April 2019

Text

Professional Development

Event Type

Professional Development

Function Type:

Event

Attachments

HKUST_03042019.pdf    
Content Type: MyCFA Calendar
Created at 3/21/2019 11:29 by events@cfasingapore.org[CASMSTS:username]
Last modified at 4/3/2019 11:33 by events@cfasingapore.org[CASMSTS:username]