Brycz, Bogumila; Dudycz, Tadeusz; Kowalski, Michal J. - In: Baltic Journal of Economics 17 (2017) 1, pp. 57-77
This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...
