Dual track sell-out: Signaling through IPO and Underpricing

Detalhes bibliográficos
Autor(a) principal: Siri, Andrea
Data de Publicação: 2013
Tipo de documento: Dissertação
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10362/11669
Resumo: A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
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spelling Dual track sell-out: Signaling through IPO and UnderpricingInitial public offeringUnderpricingSignalingAsymmetric informationA Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and EconomicsRecent empirical analyses suggest the existence of a new exit strategy for private companies’ owners: the dual track sell-out. This paper aims to understand whether this strategy involves signals and why some firms undertake it more than others. I build a model depicting how going public and underpricing arise also as a response to asymmetric information. Target firms and market’s characteristics influence both signaling choices in equilibrium and conditions under which going public costs are offset by its benefits. It is shown that signaling plays a relevant role, answering why most firms dual tracking are characterized by valuation uncertainty.NSBE - UNLMaretto, GuidoRUNSiri, Andrea2014-03-18T12:18:50Z2013-062013-06-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/masterThesisapplication/pdfhttp://hdl.handle.net/10362/11669enginfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2024-03-11T03:46:16Zoai:run.unl.pt:10362/11669Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T03:20:27.700034Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse
dc.title.none.fl_str_mv Dual track sell-out: Signaling through IPO and Underpricing
title Dual track sell-out: Signaling through IPO and Underpricing
spellingShingle Dual track sell-out: Signaling through IPO and Underpricing
Siri, Andrea
Initial public offering
Underpricing
Signaling
Asymmetric information
title_short Dual track sell-out: Signaling through IPO and Underpricing
title_full Dual track sell-out: Signaling through IPO and Underpricing
title_fullStr Dual track sell-out: Signaling through IPO and Underpricing
title_full_unstemmed Dual track sell-out: Signaling through IPO and Underpricing
title_sort Dual track sell-out: Signaling through IPO and Underpricing
author Siri, Andrea
author_facet Siri, Andrea
author_role author
dc.contributor.none.fl_str_mv Maretto, Guido
RUN
dc.contributor.author.fl_str_mv Siri, Andrea
dc.subject.por.fl_str_mv Initial public offering
Underpricing
Signaling
Asymmetric information
topic Initial public offering
Underpricing
Signaling
Asymmetric information
description A Work Project, presented as part of the requirements for the Award of a Masters Degree in Finance from the NOVA – School of Business and Economics
publishDate 2013
dc.date.none.fl_str_mv 2013-06
2013-06-01T00:00:00Z
2014-03-18T12:18:50Z
dc.type.status.fl_str_mv info:eu-repo/semantics/publishedVersion
dc.type.driver.fl_str_mv info:eu-repo/semantics/masterThesis
format masterThesis
status_str publishedVersion
dc.identifier.uri.fl_str_mv http://hdl.handle.net/10362/11669
url http://hdl.handle.net/10362/11669
dc.language.iso.fl_str_mv eng
language eng
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv NSBE - UNL
publisher.none.fl_str_mv NSBE - UNL
dc.source.none.fl_str_mv reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron:RCAAP
instname_str Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
instacron_str RCAAP
institution RCAAP
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repository.name.fl_str_mv Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação
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