Abstract
Fast forward now to the endgame, after the company is public. Starting first with the performance of shares on a public market; how will they perform? Bergström, Nilsson, and Wahlberg present the performance of a data-set of 152 private-equity-backed IPOs against 1,370 non-private equity-backed firms in London and Paris between 1994 and 2004. Have these firms been underpriced by their issuers? Do private-equity-backed IPOs outperform their non-private-equity-backed counterparts? And how do these two groups fare against indexed performance?
- © 2006 Pageant Media Ltd
Don’t have access? Register today to begin unrestricted access to our database of research.