Best books for learning IPO investing

 

 

Learning about IPO (Initial Public Offering) investing requires understanding fundamental investing principles, stock market dynamics, and specific nuances of IPOs. Here are some excellent books that can help you build expertise:

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1. General Investing Books (Including IPOs)

1. The Intelligent Investor by Benjamin Graham

   • A classic investing book that teaches value investing principles. While not specific to IPOs, it lays a strong foundation for analyzing stocks, including newly listed ones.

2. Common Stocks and Uncommon Profits by Philip Fisher

   • A must-read to understand growth investing, which is relevant when evaluating IPOs with high growth potential.

3. The Dhandho Investor by Mohnish Pabrai

   • A simplified approach to value investing with lessons applicable to assessing IPOs.

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2. IPO-Specific Books

1. IPO: A Global Guide by Philippe Espinasse

   • Offers detailed insights into IPO markets globally, including how companies go public and strategies for investors.

2. Initial Public Offerings: A Savy Investor's Guide by Ross Geddes

   • This book provides an investor-focused look at IPO processes, pricing, and valuation methods.

3. Investing in IPOs: A Practical Guide by Tom Taulli

   • Focuses specifically on the IPO process and tips for investors interested in participating in IPOs.

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3. India-Specific Investing Books (Including IPOs)

1. How to Avoid Loss and Earn Consistently in the Stock Market by Prasenjit Paul

   • Includes tips on evaluating Indian IPOs alongside fundamental stock investing strategies.

2. Dalal Street Investment Journal (DSIJ) (Magazine/Guide)

   • Not a book, but a leading Indian publication that frequently discusses IPO opportunities and strategies.

3. Value Investing and Behavioral Finance by Parag Parikh

   • While not IPO-specific, it provides insights into evaluating companies and market psychology, applicable to IPO investing.

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4. Advanced Investing Books

1. Investment Valuation: Tools and Techniques for Determining the Value of Any Asset by Aswath Damodaran

   • Essential for understanding valuation metrics, particularly for pre-revenue or high-growth IPO companies.

2. Security Analysis by Benjamin Graham and David Dodd

   • Offers a deep dive into financial analysis, crucial for analyzing IPOs and their prospectuses.

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Tips for Reading

• Start with general investing books if you're a beginner.
• Focus on IPO-specific books for strategies and case studies.
• Stay updated on Indian IPOs with blogs, financial news portals (e.g., Moneycontrol, Zerodha Varsity), and stock market journals.