【CFA Japan Joint Seminar with HKUST-NYU Stern】Valuation of Twitter (now X)

【CFA Japan Joint Seminar with HKUST-NYU Stern】　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　 　　　　　　　　　　　 　　　　　　　　　　　　　　　 　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　　                                                                                                                                                                  

Valuation of Twitter (now X)

Date： March 19 (Tues) 2024, 18:30-20:30
Seminar Schedule： 
18:30-19:15   Registration and Networking Reception (Buffet dinner sponsored by HKUST)
19:15-20:30   Seminar
Venue： 
Room1-3, FINE TOKYO, 5th Floor, South Tower, Otemachi Financial City, 1-9-7 Otemachi, Chiyoda-ku, Tokyo 
http://www.fine-tokyo.com/en/access/
 (For those who take the subways to come: From Tokyo Metro Otemachi Station, please use the passageway directly connecting to the first basement floor of the building. Then take the South Elevator from the first basement floor or the first floor to the fifth floor. 
For those who come from the surface street: Please enter the SouthTower, Otemachi Financial City from FINE TOKYO Entrance that is across the street of Sankei Building.
Then take the South Elevator from the first floor to the fifth floor.)
Language：English
Speaker： Professor Kasper Meisner Nielsen (Professor of Finance at Copenhagen Business School, Adjunct Professor of Finance at HKUST)
Fee：Free for CFA Society Japan Members, Corporate Sponsors, CFA Program Candidates,　Research Challenge / Ethics Challenge Participants, and HKUST & NYU related 
Specialty Focus Areas : Financial Analysis (PL credit eligible)
PL Credit : 1.25
 

Synopsis

In January 2022, Elon Musk began acquiring an equity stake in Twitter Inc., resulting in a surprise hostile takeover bid to purchase and delist the company in April 2022. The offer of $54.20 per share represented a 38% premium on Twitter’s stock, suggesting a significant potential for additional value creation. In this sample class we will take a close look at the valuation of Twitter and apply valuation techniques to evaluate how Twitter can create value through strategic decisions. In practice, valuation is challenging because it requires modelling the future. These challenges are exacerbated in industries undergoing change due to new technology or changing consumer behavior. We will consider these challenges in the setting of a social network company where traditional valuation techniques are difficult to apply.

In this session, you will learn about

·         Basic valuation tools and techniques

·         Practical application of valuation to business cases

·         Valuation of apps and social network companies

·         Elon Musk’s decision to invest in the social media industry in 2022

·         What you can (and cannot) learn about business cases from valuation techniques

You will also get an opportunity to meet our faculty and our admission team after the sample class. They will share with you tips on choosing the right finance program and their perspective of the program. Don’t miss the chance to learn more about the strengths and uniqueness of the MSGF program.

Speaker

Professor Kasper Meisner Nielsen is Professor of Finance at Copenhagen Business School, Adjunct Professor of Finance at HKUST and Fellow at the Asian Bureau of Finance and Economic Research. He received his Bachelor of Science, Master of Science, and Ph.D. degrees in Economics from the University of Copenhagen. Professor Nielsen previously taught at HKUST and Chinese University of Hong Kong, and has been a visiting scholar at Stern School of Business at New York University. From 2015 to 2018 he was the Academic Director of the HKUST-NYU Master of Global Finance program. Professor Nielsen’s research interests are behavioral finance, corporate governance, family business, and household finance. His research has featured in international newspapers and magazines including Business Week, Financial Times, Harvard Business Review, International Herald Tribune, The Economist, The Times of India, and Wall Street Journal. He has studied the consequence of family succession on firm performance, the value of independent directors, why individuals shy away from stocks, the effect of personal exposure to the global financial crisis on risk taking, and households’ decisions to refinance their mortgage. His work has been published in academic journals including American Economic Review, The Quarterly Journal of Economics, Journal of Financial Economics, Review of Financial Studies, Management Science, and Review of Finance. His research has been awarded with external financing from competitive research grants on several occasions.

On his area of expertise Professor Nielsen has served as an external advisor, consultant, and lecturer to government agencies and companies in China.

Registration

If you wish to attend this seminar, please register from the link below:
https://cvent.me/7XOb71