Public Market Players in the Private World: Implications for the Going-Public Process
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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… read more here.
Keywords: players private; world implications; market; market players ... See more keywords