Caglio, Cecilia; Hanley, Kathleen Weiss; … - Federal Reserve Board (Board of Governors of the … - 2013
This paper examines the decision to go public abroad using a sample of 17,808 IPOs. Although only 6% of initial public offerings are offered abroad, these represent approximately 25% of total IPO proceeds. We find that alleviating informational frictions in order to obtain greater offering...