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| Going Public: The Theory and Evidence on How Companies Raise Equity Finance | 
 enlarge | Authors: Tim Jenkinson, Alexander Ljungqvist
Creator: Jay Ritter
Publisher: Oxford University Press, USA
Category: Book
List Price: $104.99
Buy New: $93.56
You Save: $11.43 (11%)
Buy New/Used from $93.56
Avg. Customer Rating:  (2 reviews)
Sales Rank: 1588655
Languages: English (Original Language), English (Unknown), English (Published)
Media: Hardcover
Edition: 2
Number Of Items: 1
Pages: 208
Shipping Weight (lbs): 0.9
Dimensions (in): 8.6 x 5.5 x 0.8
ISBN: 0198295995
Dewey Decimal Number: 658.15224
EAN: 9780198295990
ASIN: 0198295995
Publication Date: February 15, 2001
Availability: Usually ships in 1-2 business days
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| Editorial Reviews:
Product Description
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 of Going Public investigates these issues in a non-technical manner.
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| Customer Reviews:
 a good interpretation of the academic literature May 11, 2000
4 out of 4 found this review helpful
Financial economists (academics) have an interesting way of interpreting the world. When it comes to IPOs, what practitioners think and do and what the academics "think" that they do are often different.This book is a solid contribution for those who what the academic IPO literature interpreted for them. It succeeds admirably at what it does, which is to interpret the findings of a lot of published studies in the finance journals that are hard to wade through unless you are a PhD in economics. I teach finance to MBAs and this book was an excellent review and synthesis for me and fairly accessible to my MBAs. I understand the book has been updated in '99. That is good, since this topic is still in flux. This is NOT a "how to" go public book. It is a valuable conpendium of how economists think about IPOs.
 Good basic textbook on IPO's April 3, 2000
1 out of 2 found this review helpful
If you're lookin for an extensive overview of all the basic theories of IPOs, this is a good book. It's like an "IPOs for Dummies". Focus is a bit too much on Underpricing, however. I missed good overviews of Long Term Underperformance and Hot Issue Markets. Quite old (1996) so a lot of important work is not covered. New version was released 1999.
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