Valuing and pricing IPOs
نویسندگان
چکیده
منابع مشابه
How do underwriters select peers when valuing IPOs?
Valuing IPOs using multiples leaves a high degree of responsibility to underwriters in the selection of comparable firms. This is the first paper that compares the peers selected by the underwriters with those selected by sell-side analysts or obtained from matching algorithms. Using a sample of 348 companies going public in France and Italy over the last decade, we find that, on average, peers...
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ژورنال
عنوان ژورنال: Journal of Banking & Finance
سال: 2012
ISSN: 0378-4266
DOI: 10.1016/j.jbankfin.2012.01.009