Burhop, Carsten; Chambers, David; Cheffins, Brian - 2011 - This Vers.: July 2011
This study of initial public offerings (IPOs) carried out on the Berlin and London stock exchanges between 1900 and … development of capital markets. IPOs that resulted in official quotations on the London Stock Exchange performed as well as Berlin … IPOs despite the Berlin market being more extensively regulated than the laissez faire London market. Moreover, the IPO …