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Published in 2020 at "Review of Financial Studies"
DOI: 10.1093/rfs/hhaa092
Abstract: We investigate the effect of pre-IPO investments by public market institutional investors (institutions) on the exit of venture capitalists (VCs). Results indicate that institutions’ pre-IPO investments reduce IPO underpricing by mitigating VCs’ reliance on all-star…
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Keywords:
players private;
world implications;
market;
market players ... See more keywords