BDM Capital · Blog & News
The Financial Funding Blog
News and plain-English insight on raising capital, bonds, loan notes and IPOs, from BDM Capital. New articles every day.
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Pre-money, post-money and dilution in plain English
Read the article →: Pre-money, post-money and dilution in plain EnglishPre-money, post-money and dilution explained simply, with a worked example of how an option pool changes what founders own.
Latest news & articles
Lock-ins: why shareholders can’t sell straight after an IPO
What lock-in agreements are, why they are required after an IPO, how long they typically last and what they mean for early investors.
The IPO timeline: what happens and when
The main stages of an IPO in order, from preparation and adviser appointment to admission and trading, and where delays usually happen.
Pre-IPO rounds: raising before you list
What a pre-IPO round is, why companies raise one before listing, and what pre-IPO investors typically look for.
Early redemption: paying back a bond before maturity
How early redemption and call options work in bonds and loan notes, why issuers want them, and what investors usually ask for in return.
Planning repayment from day one
How to plan loan note or bond repayment from the start: the four realistic repayment sources, and why investors ask about them first.
What a security trustee does for bondholders
What a security trustee does in a bond or loan note issue, why investors look for one, and what it costs the issuer.
Covenants explained: what lenders ask you to promise
What covenants are in a loan note or bond, the common types, and how to negotiate ones your business can actually keep.
The true cost of a loan note: beyond the coupon
The coupon is only part of what a loan note costs. How to add up fees, legal work, security and management time before you…
The seven documents investors ask for in diligence
Raises stall because paperwork takes three weeks to find, not because investors find something shocking. Have these seven ready before anyone asks.
Running a bond issue: what is involved
A loan from many investors on one set of terms. What has to be true first, the pieces of the transaction, and the obligations…
About the author
Mark Johnson, Founder of BDM Capital. Twenty years raising debt and equity, from loan notes and bonds to IPOs.
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Topics
- Bonds (9)
- Company news (2)
- Documentation and diligence (7)
- IPOs (6)
- Loan notes (8)
- Raising capital (18)
- SEIS and EIS (7)
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