Brycz, Bogumiła; Dudycz, Tadeusz; Kowalski, Michał J. - In: Efficiency in business and economics : proceedings from …, (pp. 25-37). 2018
affects IPO valuation. Specifically, our results indicate that high profitability achieved before IPO allows to obtain a high … and profitability gets weaker and ultimately completely disappears after IPO. As a result, 2 years after issuance there …