Going Public: The Theory and Evidence on How Companies Ra...
Jenkinson, Tim / Ljungqvist, Alexander / Ritter, Jay![Going Public: The Theory and Evidence on How Companies Raise Equity Finance](https://support.digitalhusky.com/media/annotations/sorted/226/22683333/CHSBZCOP0322683333.jpg)
During its life, a company must make the critical decision of if, and when, to go public' by listing themselves on the stock exchange. Two anomalies are apparent: that companies taking this route systematically initially underprice their shares and that over the longer term they under-perform other companies. This second edition of Going Public investigates these issues in a non-technical manner.