The Pricing and Performance of Initial Public Offerings in Australia, 1996-2007: A Comparison of Ordinary, Venture Capital and Private Equity-Backed Issues

2008 ◽  
Author(s):  
Nancy Vu ◽  
Andrew C. Worthington ◽  
Phillip Laird
Keyword(s):  
Venture Capital ◽  
Initial Public Offerings ◽  
Private Equity ◽  
Public Offerings ◽  
And Performance

Venture Capital, Angel Capital, and Other Finance, IPOs, and Acquisitions

2021 ◽  
pp. 353-369
Author(s):  
Lin Lin
Keyword(s):  
Stock Market ◽  
Mergers And Acquisitions ◽  
Venture Capital ◽  
Initial Public Offerings ◽  
Capital Market ◽  
Private Equity ◽  
Small Enterprises ◽  
Access To Finance ◽  
Entrepreneurial Ventures ◽  
Public Offerings

This chapter focuses on the development of non-bank financial institutions, particularly venture capital (VC), angel capital, private equity, and foreign funds, and their role in funding entrepreneurial ventures in China. It discusses the development of the venture capital market and the evolution of domestic and foreign funds in China. It examines the exits of VC-backed companies through initial public offerings (IPOs) and mergers and acquisitions and explores the connection between the stock market and VC market in China. It also evaluates recent institutional improvements and regulatory reforms for facilitating access to finance for small enterprises in China, especially the recent reforms to the stock market.

scholarly journals Initial Public Offerings, Underpricing and Performance: The Case of Top International Brands

2016 ◽  
Author(s):  
Murad Harasheh ◽  
Stefano Gatti
Keyword(s):  
Initial Public Offerings ◽  
Private Equity ◽  
Brand Value ◽  
Future Research ◽  
Positive Role ◽  
Data Set ◽  
Public Offerings ◽  
And Performance ◽  
The Relationship

The present study aims at investigating the relationship between Initial Public Offerings (IPOs) variables mainly underpricing on one hand, and the brand value measures on the other. Our final data set is 104 international brand companies. We implement empirical approach using hierarchical OLS regression and descriptive statistics. We show that underpricing is positively related to brand value which emphasizes the marketing role of going public and underpricing in enhancing brand equity through the product market, which additionally confirms some information asymmetry models. We also find that on average brand companies had not been recognized as brands at the IPO time. Moreover, we show the positive role of private equity in enhancing brand value, additionally, the non-linear association between underpricing and brand value is not evident. Finally, we draw some policy implication and suggestions for future research.

Private Equity and Venture Capital Growth and Performance in Emerging Markets

2017 ◽  
Author(s):  
Andrea Maria Accioly Fonseca Minardi ◽  
Adriana Bortoluzzo ◽  
Lucas do Amaral Moreira
Keyword(s):  
Venture Capital ◽  
Emerging Markets ◽  
Private Equity ◽  
Capital Growth ◽  
And Performance

Stage financing and syndication in the IPO underpricing of venture-backed firms: Venture capital and IPO underpricing

2019 ◽  
Vol 20 (4) ◽  
pp. 289-300 ◽  
Author(s):  
Awounou-N’dri Honorine ◽  
Dubocage Emmanuelle
Keyword(s):  
Venture Capital ◽  
Information Asymmetry ◽  
Initial Public Offerings ◽  
Capital Investment ◽  
Ipo Underpricing ◽  
Data Set ◽  
Public Offerings ◽  
Venture Capital Investment ◽  
Ipo Performance ◽  
The Impact

The article investigates the impact of stage financing and syndication practices on the underpricing level of venture-backed firms (VBFs) undertaking their initial public offerings (IPOs). This empirical study uses a unique hand-collected data set concerning more than 260 VBFs that went public on Euronext Paris and Alternext between 1997 and 2013. Our findings suggest a lower level of underpricing for firms backed by syndicated venture capital investment. Additionally, we find that the syndicate size is negatively associated with the level of underpricing. However, there is no evidence that stage financing has a significant impact. Syndication thus appears to be the only relevant mechanism to improve IPO performance (measured by the underpricing level), as it reduces agency costs and information asymmetry between the different stakeholders in an IPO process.

The Relationship between Boards of Directors and Initial Public Offerings in the Biotechnology Industry

1998 ◽  
Vol 22 (3) ◽  
pp. 5-29 ◽  
Author(s):  
Todd A. Finkle
Keyword(s):  
Initial Public Offerings ◽  
Initial Public Offering ◽  
Boards Of Directors ◽  
Biotechnology Industry ◽  
Public Offerings ◽  
Biotechnology Firms ◽  
The Board Of Directors ◽  
And Performance ◽  
Public Offering ◽  
Performance Results

Utilizing the entire population of public biotechnology firms from 1980-1994, three models were tested to determine If a relationship exists between the size and composition of the board of directors and performance. Results indicate significant positive relationships between director expertise and the size of a firm's initial public offering. Going public during hot markets and larger firms were also related to larger Initial public offerings. These findings will benefit practitioners in the formation of boards within the biotechnology Industry. Managers of firms within the biotechnology industry who are contemplating a public offering will be able to proactively address the composition of their boards.

Sign in / Sign up

Export Citation Format

Share Document