Essays about: "IPOs underpricing"

Showing result 21 - 25 of 100 essays containing the words IPOs underpricing.

1. 21. Dressed for success when entering the Swedish market : Changes and composition of the board of directors in IPO companies and the effect on firm valuation

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Erik Staaf; Joel Gotthardsson; [2022]
   Keywords : IPO; Valuation; Corporate Governance; Board of Directors; Agency Theory;

   Abstract : The initial public offering (IPO) of a company is characterized by uncertainty, and a large body of research has focused primarily on underpricing. This study takes a different approach by examining the changes and composition of the board of directors in IPO companies and the effect on market valuation measured by the market-to-book ratio. READ MORE

3. 22. Abnormal returns for IPOs on the Swedish stock exchange

   University essay from

   Author : Björn Landelius; David Molin; [2021-06-28]
   Keywords : IPO; Underpricing; Event Study; Multivariate Regression; Efficient Market Hypothesis; Winner s Curse;

   Abstract : We examine the occurrence of underpricing and short-term performance of a sample of 216 Swedish IPOs between 2017-2021. The theories used are the Efficient Market Hypothesis, Underpricing, Information asymmetry which contains both the Principal Agent Theory and the Signaling Theory, and beyond that, the Winner’s curse. READ MORE

4. 23. Private Equity-backed IPOs – a recipe for success?

   University essay from Lunds universitet/Nationalekonomiska institutionen

   Author : Olof Ståhl; [2021]
   Keywords : IPO; Private Equity; Nordic; Underpricing; Long-term performance; BHAR; Business and Economics;

   Abstract : The purpose of this paper is to study and compare the underpricing and long-term performance of Initial Public Offerings of companies backed by Private Equity-firms to Initial Public Offerings of companies not backed by Private Equity-firms on the Nordic stock exchanges between 2007-2018. The sample consists of 92 companies that have went public on any of the Nordic stock exchanges between 2007-2018, with an IPO size of at least EUR 100 million. READ MORE

5. 24. Do Innovative Firms Leave More Money on the Table?

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Anna Wigren; Tobias Rådman; [2021]
   Keywords : underpricing; initial public offering; IPO; innovation; patent; R D; initial returns; information asymmetry;

   Abstract : This study examines the relationship between firm innovation and Initial Public Offering (IPO) underpricing in the Swedish stock market by examining 287 firms that went public on the Nasdaq OMX Stockholm and Nasdaq First North during the years 2010 – 2020. An OLS regression model is utilized to analyze the relationship between underpricing, measured as the initial returns, and firm innovation, measured as patents and Research and Development (R&D). READ MORE

6. 25. Standing Selfish and Grand? - A study of private equity impact on IPO valuation

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Alfons Rosendahl Jagut; Vilhelm Sandberg; [2021]
   Keywords : Initial Public Offering; Private Equity; Underpricing; Certification; Grandstanding;

   Abstract : The conflicting effects of private equity certification and grandstanding in relation to IPO underpricing has been disputed since the 1990's. Using a sample of 334 IPOs on six Swedish trading platforms, applying a Tobin's Q value relative as an alternative to first-day returns, this thesis finds differences in valuations between private equity and non-private equity backed IPOs. READ MORE