Investigating the differences in initial returns and price revisions between second-time and first-time issuers, Dunbar and Foerster (2008) present evidence that prior withdrawal is a priced risk factor for second-time issuers that have withdrawn their previous IPO
Stock market sources said they expect the number of IPOs
in Japan this year to fall to about 100 from last year's 121 due to declines in markets for emerging firms, although major companies like Mitsui Life Insurance Co.
The November 13 IPO
by Ubiquitous is the month's most noteworthy issue.
The largest worldwide IPO
in 2003 was China Life which raised $3.
In a succeeding panel, Timothy Draper, founder of Draper Fisher Jurvetson, a venture capital firm, noted that VC firms tend to see IPOs
as a beginning and not an end, adding, "We're often the last ones to sell.
Also, they are a growing number of big investment banks who've allied with discount brokers to give their customers an opportunity to buy shares in select IPOs
For a free trial of the IPO
Express email alert service, go to http://www.
In the past, a company had to show profits and reasonable revenue growth to do an IPO
," Kaplan notes.
The current state of the IPO
market should come as no shock.
The number of IPO
focused funds in the Mena could be on the rise with more IPOs
set to enter Mena markets in the next two years, which could bring in greater investment and IPO
If properly executed, an IPO
fund strategy can yield high returns, well above the average.
Three August IPOs
had particularly high opening price premiums: Full Speed (63%), Dear Life (71%) and the very popular August 8 IPO
of China Boqi Environmental Solutions (73%).