The incredible profits of Initial Public Offerings have often been emphasized in the media as a popular investment for the public. This paper takes a few steps towards refuting such an assertion by investigating the performance of 2,895 venture capital backed IPOs between 1968 and September...

Incredible profits from Initial Public Offerings have been highly emphasized. This paper refutes these profits as being standard and supports the market’s return to normalcy by stratifying annual and cumulative returns for different industries: Biotechnology; Communications; Computer Related...

Although the national media has given increased attention to the venture capital process, misconceptions continue to proliferate. One often hears about the incredible capital gains of IPO share prices. This paper refutes the myth that investors demand very high rates of return to compensate for...

Die jüngere Vergangenheit zeugt von turbulenten Entwicklungen an den deutschen Aktienbörsen. Von einer aufkeimenden Aktienkultur, die ihr Vorbild in den USA sah, über Schwindel erregende Kursbewegungen, plötzlichen Reichtum aufgrund von hohen Aktienkursen, Insolvenzen, Kursbetrügereien bis...