Unicorns and their IPO: Are they Overvalued?

Detalhes bibliográficos
Autor(a) principal: Correia, José
Data de Publicação: 2021
Outros Autores: Dionísio, Andreia, Vidigal, Gonçalo
Tipo de documento: Artigo de conferência
Idioma: eng
Título da fonte: Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)
Texto Completo: http://hdl.handle.net/10174/30310
Resumo: Unicorns are companies with a high level technology where their market value is more than 1 billion dollars and are not listed on the Stock Exchange. The study aims to measure the changes in market values of unicorns and identify which variables influence their market values in different moments of time. By comparing the market values, it was verified that unicorns before IPO are undervalued in relation to the subsequent periods. Furthermore, the linear regressions show that the level of undervaluation and sales volume appear to influence positively the unicorns market value, while the level of financial leverage seems to have a negative influence. The capital retention after IPO does not show evidence that it influences the unicorns market value.
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spelling Unicorns and their IPO: Are they Overvalued?UnicornIPOMarket ValueUnicorns are companies with a high level technology where their market value is more than 1 billion dollars and are not listed on the Stock Exchange. The study aims to measure the changes in market values of unicorns and identify which variables influence their market values in different moments of time. By comparing the market values, it was verified that unicorns before IPO are undervalued in relation to the subsequent periods. Furthermore, the linear regressions show that the level of undervaluation and sales volume appear to influence positively the unicorns market value, while the level of financial leverage seems to have a negative influence. The capital retention after IPO does not show evidence that it influences the unicorns market value.2021-10-26T10:53:03Z2021-10-262021-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/conferenceObjecthttp://hdl.handle.net/10174/30310http://hdl.handle.net/10174/30310engCorreia, J.; Dionísio, A. and Vidigal, G. (2021). Unicorns and their IPO: Are they Overvalued?. 2021 Annual World Finance Conference; Norway; August 3th-6thsimnaonaojec@uevora.ptandreia@uevora.ptnd664Correia, JoséDionísio, AndreiaVidigal, Gonçaloinfo: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:RCAAP2024-01-03T19:28:10Zoai:dspace.uevora.pt:10174/30310Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-20T01:19:46.416719Repositório 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 Unicorns and their IPO: Are they Overvalued?
title Unicorns and their IPO: Are they Overvalued?
spellingShingle Unicorns and their IPO: Are they Overvalued?
Correia, José
Unicorn
IPO
Market Value
title_short Unicorns and their IPO: Are they Overvalued?
title_full Unicorns and their IPO: Are they Overvalued?
title_fullStr Unicorns and their IPO: Are they Overvalued?
title_full_unstemmed Unicorns and their IPO: Are they Overvalued?
title_sort Unicorns and their IPO: Are they Overvalued?
author Correia, José
author_facet Correia, José
Dionísio, Andreia
Vidigal, Gonçalo
author_role author
author2 Dionísio, Andreia
Vidigal, Gonçalo
author2_role author
author
dc.contributor.author.fl_str_mv Correia, José
Dionísio, Andreia
Vidigal, Gonçalo
dc.subject.por.fl_str_mv Unicorn
IPO
Market Value
topic Unicorn
IPO
Market Value
description Unicorns are companies with a high level technology where their market value is more than 1 billion dollars and are not listed on the Stock Exchange. The study aims to measure the changes in market values of unicorns and identify which variables influence their market values in different moments of time. By comparing the market values, it was verified that unicorns before IPO are undervalued in relation to the subsequent periods. Furthermore, the linear regressions show that the level of undervaluation and sales volume appear to influence positively the unicorns market value, while the level of financial leverage seems to have a negative influence. The capital retention after IPO does not show evidence that it influences the unicorns market value.
publishDate 2021
dc.date.none.fl_str_mv 2021-10-26T10:53:03Z
2021-10-26
2021-01-01T00:00:00Z
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dc.identifier.uri.fl_str_mv http://hdl.handle.net/10174/30310
http://hdl.handle.net/10174/30310
url http://hdl.handle.net/10174/30310
dc.language.iso.fl_str_mv eng
language eng
dc.relation.none.fl_str_mv Correia, J.; Dionísio, A. and Vidigal, G. (2021). Unicorns and their IPO: Are they Overvalued?. 2021 Annual World Finance Conference; Norway; August 3th-6th
sim
nao
nao
jec@uevora.pt
andreia@uevora.pt
nd
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