Essays about: "LONG-RUN PERFORMANCE IN IPO"

Showing result 21 - 25 of 33 essays containing the words LONG-RUN PERFORMANCE IN IPO.

1. 21. The Economic Cycle’s Effect on IPOs

   University essay from Lunds universitet/Företagsekonomiska institutionen

   Author : Niklas Lindh; Viktor Pennsäter; [2016]
   Keywords : IPO; initial public offering; economic cycle; market timing and IPO waves; Business and Economics;

   Abstract : Title: The Economic Cycle’s Effect on IPOs Seminar date: 2016-06-02 Course: BUSN89 Degree Project in Corporate and Financial Management – Master Level, 15 ECTS Authors: Niklas Lindh and Viktor Pennsäter Supervisor: Håkan Jankensgård Key words: IPO, initial public offering, economic cycle, market timing and IPO waves. Purpose: Investigate how the economic cycle influences IPO initial return and long-run performance. READ MORE

3. 22. It is not what you know, it is who you know

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Hampus Hellermark; Wilhelm Westerman; [2015]
   Keywords : Reputation; Venture Capital; Investment Timing; Post-IPO Performance;

   Abstract : Reputation is widely considered to play an important role in the Venture Capital (VC) industry. This paper examines whether there are any significant positive associations between long-term post-IPO performance and early stage investments from a more reputable VC firm. Our empirical sample consists of 422 VC-backed listed companies in the U.S. READ MORE

4. 23. Initial Returns and Long-Run Performance of Private Equity-backed IPOs in the UK: The Post-Y2K Experience

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Tom Lange; Pascal Rietmann; [2015]
   Keywords : Initial Public Offering; Private Equity; Venture Capital; Underpricing; After-Market Performance;

   Abstract : This paper studies a sample of 257 initial public offerings (IPO) that occurred in the period from 2001 to 2011, differentiated into sub-samples of 32 venture capital-backed (VC), 55 buyout-backed (BO), and 170 non-backed (NB) share issuances undertaken on the London Stock Exchange's (LSE) Main Market and Alternative Investment Market. We separately analyze initial first-day returns, commonly referred to as underpricing, as well as long-run after-market performance using an event study setting with a horizon of 36 months. READ MORE

5. 24. The long-run performance of new listings on the Nordic stock markets: IPOs, Spin-offs and Carve-outs

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Tim Gisslen; Erik Raig; [2015]
   Keywords : Nordic IPOs; spin-offs; carve-outs; long-run abnormal returns;

   Abstract : This paper studies the long-run performance of new listings on the Nordic stock markets from January 1996 to April 2014 by analyzing a sample of 203 non-sponsored IPOs, 100 private equity-backed IPOs, 60 spin-offs and 30 carve-outs. First, we investigate the median buy-and-hold abnormal returns associated with the different listing groups. READ MORE

6. 25. The Financial Effects of Going Public on Football Clubs

   University essay from Högskolan i Jönköping/IHH, Economics, Finance and Statistics

   Author : Gareth Low; Fredrik Karlsson; [2015]
   Keywords : IPO; Underperformance; Cumulative Abnormal Returns; Alpha; Football;

   Abstract : In this thesis we analyze the financial performance of Football clubs following an initial public offering (IPO). We conduct several analyses using time series stock data with a focus on finding evidence of long-run underperformance and IPO over/underpricing. To this end, we estimate cumulative abnormal returns (CAR) and Jensen’s Alpha. READ MORE