Essays about: "Private Equity-Backed Initial Public Offerings"

Showing result 11 - 13 of 13 essays containing the words Private Equity-Backed Initial Public Offerings.

1. 11. 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

3. 12. 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

4. 13. Private Equity-Backed Initial Public Offerings - Share Allocation and Secondary Distribution Overhang

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johan Danielsson; Eric Gustavsson; [2014]
   Keywords : Initial Public Offerings; Private Equity-Backed Initial Public Offerings; Share Allocation; Secondary Distribution; Overhang;

   Abstract : We examine short-run underpricing and long-run performance differences between private equity-backed and non-private equity-backed initial public offerings by evaluating 101 transactions between 2000 and 2014 in the Nordic countries (Sweden, Denmark, Norway and Finland), whereby 45 offerings were private equity-backed. Initially, we explore the mere existence of short-run underpricing and long-run underperformance for all initial public offerings. READ MORE