IPO Decision: Why and How Firms Go Public

IPO Decision: Why and How Firms Go Public

by tba
     
 

ISBN-10: 1843766132

ISBN-13: 9781843766131

Pub. Date: 06/04/2004

Publisher: Elgar, Edward Publishing, Inc.

This work describes why and how private companies offer initial public offerings (IPOs). The first section, focused on the IPO decision, first presents data on the time series patterns of IPOs in order to highlight the influence of market conditions and information, before offering chapters on financial and strategic motives, the influence of ownership structure, the

Overview

This work describes why and how private companies offer initial public offerings (IPOs). The first section, focused on the IPO decision, first presents data on the time series patterns of IPOs in order to highlight the influence of market conditions and information, before offering chapters on financial and strategic motives, the influence of ownership structure, the effect of the legal and political environment, and the restructuring of corporate ownership of assets and its implication for the divestiture of subsidiaries through public offerings. Moving on the sequence of the IPO process, the remaining chapters looks at IPO preparations, the mechanism for pricing and allocating shares, the start of aftermarket trading, post-IPO financing decisions of issuers, and long-run stock returns and the underperformance anomaly. Annotation ©2004 Book News, Inc., Portland, OR

Product Details

ISBN-13:
9781843766131
Publisher:
Elgar, Edward Publishing, Inc.
Publication date:
06/04/2004
Pages:
400
Product dimensions:
6.00(w) x 9.30(h) x 1.10(d)

Table of Contents

List of figures and tablesvi
Prefacevii
1.Introduction1
2.IPO timing and information10
3.Financing options and costs36
4.Strategic behavior64
5.Control, monitoring and governance80
6.The external market: an international comparison110
7.Corporate restructuring136
8.Valuation158
9.Preparing for the IPO182
10.IPO mechanisms: allocations and pricing215
11.The IPO aftermarket251
12.Post-IPO financing283
13.Long-run performance306
14.Final thoughts338
References344
Index376

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