The big picture: IPO, A Global Guide by Philippe Espinasse

It has become commonplace for long-serving ECM and investment bankers to move into the independent advisory field, as former UBS, Macquarie and Nomura executive Philippe Espinasse has done. But stopping off en route to write a comprehensive account of the IPO process is not for everyone. Nick Jacob spoke to the author to find out why he felt the need to write, who the book is aimed at and what banks could do better in the IPO process.