Learn Investment Banking From First Principles
6
Courses
31
Lessons with quizzes
~5 hrs
Of reading
A plain-English introduction to what investment banks do, how they are paid and regulated, how a deal actually runs, and where the market stands in late 2026.
5 lessons · 48 min
0 of 5 lessons complete
How companies raise money without an IPO: the SEC exemptions and their limits, who counts as an accredited investor, the instruments investors buy, and what happens after the round closes.
6 lessons · 58 min
0 of 6 lessons complete
How companies are valued and how deal terms translate into ownership: DCF, comparables, venture methods, cap tables, SAFEs, preferences, and the 2026 market backdrop.
5 lessons · 58 min
0 of 5 lessons complete
How U.S. securities law treats tokenized securities, crypto assets, and stablecoins as of late 2026, from the SEC's token taxonomy to offering paths, trading venues, custody, and settlement.
5 lessons · 50 min
0 of 5 lessons complete
How companies buy and sell businesses, from strategic rationale and the sell-side process to deal structure, regulatory approvals and the 2026 market.
5 lessons · 49 min
0 of 5 lessons complete
How companies reach the U.S. public markets, how a registered IPO actually runs, what changes once a company is public, and what the 2026 IPO window looks like in the data.
5 lessons · 51 min
0 of 5 lessons complete
Each lesson opens with a direct answer, then builds the concept step by step.
Every lesson ends with a short self-check quiz and a glossary of key terms.
Facts link to their primary sources — SEC, FINRA, the Federal Reserve, and named datasets.
The Academy is educational and free to use. It is not legal, tax, or investment advice, or an offer to sell or a solicitation of an offer to buy any security. Content reflects rules and data as of November 2026; proposals described may change. Securities offered through Umergence LLC, Member FINRA/SIPC.
