Loveland, Robert; Fricke, Eric; Goktan, Sinan - In: The Journal of Entrepreneurial Finance (JEF) 19 (2017) 2, pp. 1-30
, 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. Specifically, we test whether a listing reduces IPO underpricing or … enables liquidity provision to firm employees. Controlling for endogeneity, we find no evidence that a pre-IPO listing on …