Types and sources of long-term funds - part 3

In this lesson

1. 0:00 Stock and bond markets overview
2. 1:11 Initial public offerings and share placement
3. 2:00 Advantages of listed markets
4. 2:32 Regulatory costs and compliance requirements
5. 3:20 Role of advisers in market transactions
6. 4:06 Book runners and underwriting explained
7. 4:54 Legal advisers and due diligence process
8. 5:37 Complete guide to market advisers
9. 6:00 Summary of long-term finance sources

About this lesson

You'll discover why markets exist for trading shares and bonds, the difference between initial public offerings (IPOs) and placing, and what it means to be listed on a market. The video also covers the practical advantages—access to a wider pool of funding and enhanced public credibility—alongside the real costs of compliance and regulation that come with listing. You'll explore the essential advisers involved in market transactions: the sponsor who coordinates the overall process, the book runner who underwrites and sets share prices, the reporting accountant who ensures compliance with listing rules, the lawyer who handles due diligence and legal documentation including the prospectus, and the PR firm who manages public perception. Understanding these roles is crucial for FM and SBL candidates, as it completes your foundation in long-term finance sources—equity, debt, and the markets that enable trading and capital raising at scale.

Duration: 6m