My paper examines the aftermarket performance of private equity‐backed initial public
offerings (IPOs) and compares it to the performances of equivalent samples of venture …

This paper addresses differences in the long and short run performance of Initial Public
Offerings (IPOs) that are either backed by venture capital or by buyout sponsors. We …

The IPO market provides an interesting setting for examining the behavior of private equity
(PE) sponsors due to the higher information asymmetries it involves compared to other exit …

Foreword The empirical research contained in this book is unique. Daniel Pindur has put
together a database of successful LBO transactions in the European market from 1993 to …

The regulatory provisions in India ensure that IPO investors are able to observe the
participation levels of other subscribers prior to their own subscription decisions. This should …

We investigate the valuation effects of industry rivals on german firms targeted by hedge
funds and private equity investors. We argue that both types of investors differ from other …

Prior research has identified three principal characteristics of initial public offerings (IPOs).
First, IPO activity is very cyclical. Both the number of IPOs and the amount raised in these …

We compare firms that go public using penny stock initial public offerings (PSIPOs) to those
using reverse mergers (RMs). Firms using RMs tend to be highly information asymmetric in …

We analyze how private equity funds (GPs) sell down their stakes in companies they take
public. GPs earn private equity management fees and carried interest on public equity …

We examine the level of underpricing and characteristics of equity carveouts (ECOs) from
1990 to 1998 (the 1990s) and from 1999 to 2000 (the bubble period). For a sample of 458 …