Equities - Part 1


This tutorial provides an overview of some basic equity market concepts, such as the different types of equity security and fundamental stock valuation metrics. We describe the equity issuance (primary) market in its different forms. This incorporates the public sale of existing private shareholdings, private transfers between investors, and the creation of new equity. The tutorial covers IPOs and privatisations, private transactions, and various forms of subsequent issuance such as rights offerings.


On completion of this tutorial, you will be able to:
- Distinguish between the different types of equity security that are traded
- Identify some of the key stock valuation metrics used by fundamental analysts
- Recognise the key drivers of the changing structure and nature of global equity trading
- Recognise why companies decide to go public and distinguish between the different methods of raising equity capital
- Identify the initial public offering (IPO) process and the role played by underwriting syndicates
- Determine how companies that have already issued stock can make follow-on or secondary offerings to new investors or existing shareholders

Content Highlight

Module 1: Equity Markets - An Introduction
Topic 1: Overview of Equity
Topic 2: Valuing Equity
Topic 3: Trading Equity

Module 2: Equity Markets - Issuing
Topic 1: Overview of Equity Issuance
Topic 2: Initial Public Offerings (IPOs)
Topic 3: Subsequent Offerings

Administrative Details

SFC:2.50, PWMA:2.50
All Member: HKD675
Non-Member: HKD975
Staff of Corporate Member: HKD675