BRAU, JAMES C.; FAWCETT, STANLEY E. - In: Journal of Finance 61 (2006) 1, pp. 399-436
We survey 336 chief financial officers (CFOs) to compare practice to theory in the areas of initial public offering (IPO) motivation, timing, underwriter selection, underpricing, signaling, and the decision to remain private. We find the primary motivation for going public is to facilitate...