WebMar 28, 2012 · IPO waves may arise in equilibrium even in industries which do not experience a productivity shock. Our model predicts that firms going public during an IPO wave will have lower productivity and post-IPO profitability but larger cash holdings than those going public off the wave; it makes similar predictions for firms going public later … WebSep 5, 2024 · After the IPO, most of the money is transferred to equity investments in order to increase the firms’ market value quickly, which leads to operating performance decline and deterioration. ... IPO Waves, Market Competition, and the Going Public Decision: Theory and Evidence. Journal of Financial Economics 101: 382–412. [Google Scholar ...
Rational IPO Waves - JSTOR
WebIPO waves may arise in equilibrium even in industries which do not experience a productivity shock. Our model predicts that firms going public during an IPO wave will have lower productivity and post-IPO profitability but larger cash holdings than those going public off the wave; it makes similar predictions for firms going public later versus ... WebAn Initial Public Offerings (IPO) is the process of offering shares of a private company to the public in a new issuance of stock. An IPO is an important time for shareholders of a company because it allows them to freely sell shares of … little byrdies llc
IPO Waves, Product Market Competition, and the Going …
WebFeb 4, 2024 · Local IPO waves occur when firms from different industries, but located in the same area, go public in the same time period. We classify IPOs within industry IPO waves … WebA Theory of IPO Waves 来自 Oxford Univ Press 喜欢 0. 阅读量: 28. 作者: P He. 展开 . 摘要: In the IPO market, investors coordinate on acceptable IPO price based on the performance of past IPOs, and this generates an incentive for investment banks to produce information about IPO firms. In hot periods, the information produced ... WebSep 22, 2008 · IPO waves may arise in equilibrium even in industries which do not experience a productivity shock. Our model predicts that firms going public during an IPO … little by little 言い換え