Unicorns and their IPO: Are they Overvalued?
Autor(a) principal: | |
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Data de Publicação: | 2021 |
Outros Autores: | , |
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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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 |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/conferenceObject |
format |
conferenceObject |
status_str |
publishedVersion |
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 664 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
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 |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
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RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
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Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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