Finance & Banking · Financial Markets

IPOscope: Equity Markets, IPOs & Secondary Market Microstructure Lab

Interactive lab walking students through the full equity lifecycle: IPO pricing with comparable valuation and bookbuilding, secondary market order book analysis, information event price discovery, and market quality assessment.

5 rounds Executive English, Español

Preview

About this simulation

Interactive lab walking students through the full equity lifecycle: IPO pricing with comparable valuation and bookbuilding, secondary market order book analysis, information event price discovery, and market quality assessment. Covers Ritter (1991) underpricing, Glosten-Milgrom (1985) spreads, and market microstructure.

Who it is for

An advanced simulation for participants used to working with the main frameworks and trade-offs of the subject, designed for executive education and experienced professionals.

How a session runs

  1. The instructor creates a session from the Eureka dashboard and invites the participants.
  2. Participants play 5 rounds. In each one they submit their decisions and the simulation calculates the results.
  3. The simulation can be run in English, Español.
  4. The instructor follows each participant's progress and results from the dashboard, and uses the class results for the debrief.

Decisions participants make

The decisions participants make during the simulation:

  • Fair Value — Low Estimate (€/share)
  • Fair Value — High Estimate (€/share)
  • IPO Offer Price (€/share)
  • Allocation Strategy
  • Bid-Ask Spread Estimate (€)
  • Total Bid-Side Depth (shares)
  • Hidden Liquidity Estimate
  • Net Price Direction After All Events
  • Net Price Change Estimate (%)
  • Most Impactful Event (#)

What participants track

What participants follow on screen as the rounds go by:

  • Company Valuation

Subjects covered

Designed for courses in Financial Markets.

  • Equity Markets, IPOs & Secondary Market Microstructure

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