The paper looks at the characteristics of Italian non-financial firms that accessed the bond market for the first time between 2002 and 2013. The results of logit estimations indicate that first-time bond issuers are significantly larger and more frequently listed on the stock exchange than...

The trading of private securities has recently gained greater visibility and importance with the advent of organized, private security exchanges. This paper uses data on IPO firms that list on the SharesPost private securities exchange platform to examine the potential benefits of a listing....

The US securities market offer companies one of the richest sources of capital in the world as a result of their size, credibility and pool of enthusiastic investors. However, taking a company through a public offering on the US securities market is a major undertaking and presents complex...