Going Public: The Theory And Evidence On How Companies Raise Equity Finance

Going Public: The Theory And Evidence On How Companies Raise Equity Finance

During its life, a company must make the critical decision of 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 ofGoing Public investigates these issues in a non-technical manner.Review"Recent years have seen an enormous amount of research into the ways companies raise finance from stock markets. This book investigates the issues in a non-technical way."--Business HorizonsAbout the AuthorTim Jenkinson is a lecturer at the University of Oxford and Fellow in Economics at Keble College. He is also a Research Fellow of the Centre for Economic Policy Research in London. He is Managing Editor of theOxford Review of Economic Policy and member of the editorial board ofOxford EconomicPapers.Alexander Ljungqvist is a Lecturer in Management Studies at the University of Oxford and Bankers Trust Fellow in Finance at Merton College.