ventures public early. In this study, we examine this theory in the Japanese IPO market. With the introduction of MOTHERS and … able to examine the influence of these new markets on grandstanding and the IPO process. We find that young lead VC … underpriced. However, we do not find that young lead VCs have relatively lower equity stakes at IPO. This latter finding is most …

Motion (PLM) for a single new technology asset at IPO, yet they differ with respect to risk aversion. By mapping risk … assumption of complete knowledge of agent's tastes and wealth, post-IPO bubbles emerge where the Actual Law of Motion is an …

The goal of this paper is to examine the impact of Initial Public Offerings (IPO) on the investment strategies of young … using multivariate methods in order to study post-IPO investment behavior of a global sample of young Internet firms. …

We analyze the desinvestment decision of venture capitalists in the course of an IPO of their portfolio firms. The … capital market learns of the project quality only in the period following the IPO. Venture capitalists with high-quality firms …

, 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 …

This article examines the factors that determine IPO success in raising equity capital, and how this success translates … pre-IPO profitability is a strong and positive signal for investors that translates into a higher offer price and … therefore determines the success of the issuance. However, companies with high IPO success do not provide investors with better …