Essays about: "IPO cyclicality"

Found 5 essays containing the words IPO cyclicality.

1. 1. New kid on the block

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Eddie Hagberg; Philip Kristoffersson; [2022]
   Keywords : Sweden; IPOs; Short-Run Performance; Industry Peers; Stock Price Reaction;

   Abstract : We analyze the effect of completed initial public offerings (IPOs) on listed industry peers around the time of an IPO within the same industry, in the Swedish market. Providing evidence that industry peers experience negative stock price reaction, in relation to a comparable index, in the period before the IPO. READ MORE

3. 2. Nordic IPOs and Private Equity affiliation

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Rasmus Selin; Sebastian Wigartz; [2020]
   Keywords : Initial Public Offering; Private Equity; Nordic market; After-market performance; Business and Economics;

   Abstract : Using a sample of 250 Nordic IPOs, consisting of private equity-backed (PE) and non-backed (NB) issues from January 2010 to March 2017, this paper examines the long-term performance of IPOs in the Nordic market. We compare and contrast the after-market performance of PE-backed IPOs to NB IPOs in an event study regime. READ MORE

4. 3. Hot and Cold IPO Market: Evidence from Sweden

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Yun Zhou; Juliana Cerenkova; [2017]
   Keywords : IPO cyclicality; demand for capital; adverse selection; hot and cold market; firm quality;

   Abstract : The Nordic Initial Public Offering (IPO) market is expected to set a new record in IPO activity in 2017. This IPO boom is mainly driven by high number of listings in the Swedish IPO market, which constituted 80% of all listings in the Nordic on average in the last two years. READ MORE

5. 4. Underpricing in IPOs and the Effects of IPO Cyclicality and Owners' Investment Philosophy

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Rasmus Andersson; Jonatan Andersson; [2016]
   Keywords : Initial Public Offering IPO ; Underpricing; European Equity Capital Markets; Investment Philosophy; IPO Cyclicality;

   Abstract : We examine underpricing levels in initial public offerings ("IPOs") using a sample consisting of 50 private equity-backed, 50 venture capital-backed and 113 non-sponsored IPOs. The sample is collected using offering data from firms listed on the UK Main Market, International Main Market and AIM on the London Stock Exchange, between the years of 2006-2015. READ MORE

6. 5. The performance of Nordic buyout-backed IPOs - An empirical study on first-day returns, aftermarket abnormal returns and IPO cyclicality

   University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering

   Author : Johanna Sevonius; Johan Hertervig; [2014]
   Keywords : Nordic buyout-backed IPOs; first-day returns; aftermarket abnormal returns; IPO cyclicality;

   Abstract : Using a sample of 443 Nordic IPOs, consisting of 53 buyout-backed, 70 venture capital-backed and 320 non-sponsored issues from January 1997 to December 2010, this paper investigates the financial performance of buyout-backed IPOs listed on the Nordic stock exchanges. We compare and contrast the first-day returns and aftermarket abnormal returns over a period of three years of buyout-backed IPOs to those of non-sponsored and venture capital-backed. READ MORE