Description
A critical decision in the life of a company is if, and when, to `go public' by listing themselves on the stock exchange. Two anomalies are apparent: that companies taking this route systematically initially underprice their shares and that over the longer term they under-perform other companies. This second edition of Going Public investigates these issues in a non-technical manner, drawing upon international evidence from private sector companies and privatizations. Comprehensively updated throughout, it includes a new chapter on secondary listing and reissues.
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