The course aims to impart basic knowledge in the field of capital market, mezzanine and start-up financing. After completing this course, students will be able to,

• Elaborate on different types of shares / stocks
  

• Explain the process of an IPO
  

• explain reasons and forms of capital increase of joint stock companies
  

• explain and discuss price developments of capital market instruments (esp. shares, bonds and funds)
  

• explain bond forms and set up simple redemption schedules
  

• Characterize the types of crowdfunding and outline the crowdfunding process
  

• explain which forms of financing are available to startups and what challenges are involved from the perspective of both founders and investors
  

none

Capital market financing

• Shares (forms, IPO, capital increase)
  

• Bonds (forms, issuance of a bond incl. bond prospectus, redemption schedules)
  

• ESG criteria in investment decisions
  

• Types
  

• Platforms
  

• Crowdfunding process
  

• Success potentials and challenges
  

• Special features, challenges, risk profile
  

• Business Angel, Venture Capital, Seedfinancing
  

• Subsidies
  

• Incubator / accelerator
  

Choudry, M. (2001): Bond and Money Markets: Strategy, Trading, Analysis. Oxford: Elseviert Science.

Damodaran, A. (2020): Applied corporate finance. Hoboken, New Jersey: Wiley.

Freedman, D. / Nutting, M. (2015): Equity crowdfunding for investors: a guide to risks, returns, regulations, funding portals, due diligence, and deal terms. New Jersey: Wiley.

Koch, J. / Siering, M. (2019): The recipe of successful crowdfunding campaigns: An analysis of crowdfunding success factors and their interrelations in: Electronic markets, 2019, Vol 29 (4), p. 661-679.

Lassala, C. (2022): Financing Startups : Understanding Strategic Risks, Funding Sources, and the Impact of Emerging Technologies. Cham: Springer International Publishing.

Robin, J.(2011): International corporate finance: Internat. student ed. New York, NY : McGraw-Hill Irwin.

moderated group work, lecture, discussion, case work

Cumulative module grade: The individual course grade of ILV "New Forms of Financing" is incorporated into the overall module grade and is weighted in accordance with its assigned ECTS Credits.
Assessment type: continuous assessment
Assessment method/s: portfolio (presentation, elaboration of case study)