IPO

Why are the levels of control (so) different in German and UK companies? Evidence from initial public offerings

Shares' Allocation and Claw Back Clauses in Italian IPOs

Nepotism in IPOs: consequences for issuers and investors

IPO underwriters have an incentive to underprice IPOs when they allocate IPO shares to their affiliated funds. Using a novel hand-collected dataset, we...

We exploit the staggered introduction of liability waivers when investors hold stakes in conflicting business opportunities as a shock to venture...

Incentives to Innovate and the Decision to Go Public or Private

Prospectus Liability and the Role of Gatekeepers as Informational Intermediaries: An Empirical Analysis of the Impact of the Statutory Provisions on Italian IPOs

This Article analyzes market reaction to the introduction into Italian legislation of a statutory system of (IPO) prospectus civil liability enacted...

Lock-in agreements in venture capital-backed UK IPOs

This paper examines the impact of venture-capital (VC) backing on the characteristics of voluntary lock-in agreements entered into by the existing...

The Blurring Lines between Private and Public Ownership

As companies choose to stay private longer, they increasingly resemble their public counterparts. Along multiple dimensions, the shift from private...

The U.S. Left Behind: The Rise of IPO Activity Around the World

The Effects of Management-Board Ties on IPO Performance

This paper studies the two potentially contrasting effects on IPO pricing and post-IPO operating performance of family ties as well as social ties the...

Dual Class IPOs, Share Recapitalizations, and Unifications: A Theoretical Analysis

The Perils of Small-Minority Controllers

This Article contributes to the long-standing and heated debate over dual-class companies by placing a spotlight on a significant set of dual-class...