Miyamoto, Hiroyuki; Mejia, Cristian; Kajikawa, Yuya - In: Journal of risk and financial management : JRFM 15 (2022) 6, pp. 1-16
Initial Public Offering (IPO) and slightly less likely to exit via Mergers and Acquisitions (M&A) than PE-backed startups …-stage startups in recent years. Based on Crunchbase's data on EU startup investments from 2011 to the first half of 2021, we find … that: (1) later-stage VC-backed startups and PE-backed startups differ in terms of the industry domain, (2) PE …