Review by Choice Review
Pedersen, an investment professional, provides unique insight into Wall Street's mystique. With clarity and a wry sense of humor, he details the often-arcane inner workings of Wall Street and capital markets. Topics covered in the book's 21 brief chapters include investment banking, private placements, startups and seed capital, mid- and later-stage financing, initial public offerings (selecting an underwriter, valuation, marketing, transaction processing, and structural considerations), acquisitions and sales of businesses, and creating shareholder value. Case studies, excellent illustrative materials, and Pedersen's personal observations enhance the chapters. The book concludes with an extensive glossary and a set of schematic diagrams of the "Landscape of Capital Players" and "Typical Progression of a Successful Venture-Backed Company." Although this work is oriented toward neophyte investment professionals, other readers will find it of interest both as an introduction to Wall Street's complicated interactions among its myriad players and activities and as a useful reference item. Some familiarity with contemporary accounting, capital markets, and business finance would be helpful to a thorough understanding. Summing Up: Highly recommended. Upper-division undergraduate through professional collections. S. R. Kahn University of Cincinnati
Copyright American Library Association, used with permission.
Review by Choice Review
