Purpose - The main objective of the paper is to examine the performance of Saudi Arabian firms' performance as they make the transition from private ownership into public ownership.Design/ Methodology/ Approach - A sample of 13 Saudi IPOs performance is investigated. We use a data envelopment...

We examine changes in the Saudi listed firms' performance around their initial public offerings. It is found that Saudi IPOs exhibit a sharp decline in the post-IPO performance compared to the pre-IPO period as measured by the ROA and ROS. We also find that the performance deterioration is...