Keywords
IPO process, underwriter selection, reasons to stay private
Abstract
Many privately held companies aspire to go public through an initial public offering. But the IPO process is time-consuming, expensive, and fraught with uncertainty. With the aim of shedding light on the process and reducing at least some of the uncertainty, the authors asked several hundred CFOs to share their experiences and perceptions with regard to six specific aspects of the IPO process: (1) motives for going public; (2) the timing of IPOs; (3) criteria for choosing an underwriter; (4) cause of IPO underpricing; (5) IPO signaling; and (6) reasons to stay private.
Original Publication Citation
Evidence from What CFOs Think about the IPO Process: Practice, Theory, and Managerial Implications, with Stan Fawcett, Journal of Applied Corporate Finance, Vol. 18, No. 3 (Summer) 2006, 107-117.
BYU ScholarsArchive Citation
Brau, James C. and Fawcett, Stanley E., "Evidence on What CFOs Think About the IPO Process: Practice, Theory, and Managerial Implications" (2006). Faculty Publications. 9168.
https://scholarsarchive.byu.edu/facpub/9168
Document Type
Peer-Reviewed Article
Publication Date
2006
Publisher
Journal of Applied Corporate Finance
Language
English
College
Marriott School of Business
Department
Finance
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