Going Public: The Theory and Evidence on How Companies Raise Equity Finance
Price 14.55 - 104.99 USD
During its life, a company must make the critical decision of if, and when, to `go public" by listing themselves on the stock exchange. Two anomalies are apparent: that companies taking this route systematically initially underprice their shares and that over the longer term they under-perform other companies. This second edition of Going Public investigates these issues in a non-technical manner.