[PDF][PDF] From IPO to M&A: further evidence
SB Amor, M Kooli - The Journal of Wealth Management, 2017 - efmaefm.org
We investigate the acquisition motive for initial public offerings. Specifically, we adopt
survival analysis technique in order to examine both the likelihood of the M&A event and its …
survival analysis technique in order to examine both the likelihood of the M&A event and its …
Merger‐Motivated IPOs
A Hovakimian, I Hutton - Financial management, 2010 - Wiley Online Library
In this paper, we find support for initial public offerings (IPOs) motivated by subsequent
acquisition activity. Over a third of newly public firms enter the market for corporate control as …
acquisition activity. Over a third of newly public firms enter the market for corporate control as …
Do acquisitions affect IPO long-run performance? Evidence from single vs. multiple acquirers
SB Amor, M Kooli - Journal of International Financial Markets, Institutions …, 2016 - Elsevier
Prior research does not consider the case of IPO firms making frequent acquisitions after
going public and treat all transactions as a one-time deal. We distinguish between frequent …
going public and treat all transactions as a one-time deal. We distinguish between frequent …
The choice of IPO versus takeover: Empirical evidence
We examine factors that influence the choice between an initial public offering (IPO) and a
takeover by a public acquirer. Our results show that the industry concentration, high‐tech …
takeover by a public acquirer. Our results show that the industry concentration, high‐tech …
How an IPO helps in M&A
U Celikyurt, M Sevilir… - Journal of Applied …, 2010 - Wiley Online Library
An initial public offering (IPO) can often provide a powerful stimulus to private companies
seeking to pursue an acquisition‐driven growth strategy. Based on a comprehensive …
seeking to pursue an acquisition‐driven growth strategy. Based on a comprehensive …
Acquisition activity and IPO underpricing
We propose an “M&A activity” hypothesis as a partial explanation for initial public offering
(IPO) underpricing. When going public during active corporate control markets, managers …
(IPO) underpricing. When going public during active corporate control markets, managers …
Can investors anticipate post-IPO mergers and acquisitions?
Given the frequency and value implications of post-IPO merger and acquisition activity, we
investigate empirically whether investors can utilize information based on IPO deal structure …
investigate empirically whether investors can utilize information based on IPO deal structure …
Acquisition activities of initial public offerings in Europe: An analysis of exit and growth strategies
W Bessler, J Zimmermann - Midwest Finance Association 2012 …, 2011 - papers.ssrn.com
Initial public offerings (IPOs) often engage in mergers and acquisitions (M&As) subsequent
to going public which can reflect either exit or growth strategies. We analyze 2,679 …
to going public which can reflect either exit or growth strategies. We analyze 2,679 …
Going public to acquire? The acquisition motive in IPOs
Newly public firms make acquisitions at a torrid pace. Their large acquisition appetites reflect
the concentration of initial public offerings (IPOs) in mergers and acquisitions-(M&A-) …
the concentration of initial public offerings (IPOs) in mergers and acquisitions-(M&A-) …
Are private equity backed initial public offerings any different? Timing, information asymmetry and post-IPO survival
D Michala - Journal of Corporate Finance, 2019 - Elsevier
The IPO market provides an interesting setting for examining the behavior of private equity
(PE) sponsors due to the higher information asymmetries it involves compared to other exit …
(PE) sponsors due to the higher information asymmetries it involves compared to other exit …