Mantecon, Tomas; Poon, Percy - In: Journal of Banking & Finance 33 (2009) 2, pp. 335-346
Listing shares in liquid secondary markets either to facilitate acquisitions or to diversify owner's personal wealth are among the most important reasons for firms to go public [Brau, J.C., Fawcett, S.E., 2006. Initial public offerings: An analysis of theory and practice. Journal of Finance 61,...