Jelic, Ranko; Saadouni, Brahim; Wright, Mike - 2023
Using a unique dataset, we examine financial performance, and venture capital (VC) involvement in 167 MBOs exiting through IPOs (MBO-IPOs) on the London Stock Exchange, during the period 1964 -1997. VC backed MBOs seem to be more under-priced than MBOs without venture capital backing, based on...