Bonaventura, Matteo; Giudici, Giancarlo - In: Eurasian business review 7 (2017) 2, pp. 247-266
This paper analyses the valuation process of companies listed on the Italian Exchange in the period 2000–2009 at their … initial public offering (IPO). One the most common valuation techniques declared in the IPO prospectus to determine the offer … price is the discounted cash flow (DCF) method. We develop a ‘reverse engineering’ model to discover the short term …
