Initial Public Offerings (Ipo): An International Perspective of IPOs

An excellent collection of papers covering both short and long term performance of IPOs and their determinants with a strong focus on international evidence. An interesting reading for academics and practitioners. Fabio Bertoni, PhD, CFA

This book really is true to its title. Broken down into four parts (Performance of IPOs, IPO Underpricing: International Evidence, Corporate Structure and IPO Evaluation and Bookbuilding, Listing and Underwriting) the reader will find international topics and also country-specific chapters for Taiwan, Turkey, Germany, Spain, France, Australia, USA and even Austria. In total there are 25 contributions from international academics and practitioners. There is no other book that describes the different aspects of IPOs in such detail and completeness. This highly recommended edited volume will serve as a reference text for professionals within the investment banking or private equity industry as well as for finance students. Dieter G. Kaiser, Institutional Research, Benchmark Alternative Strategies, Frankfurt am Main, Germany

If you are looking for up-to-date information on some of the most interesting aspects of IPOs and appreciate solid quantitative analyses this is the book you will want to get. I found it useful to get a picture of the particularities of the European IPO market. The contributions in this book complement each other well, that is why this book gave me new impulses for my work. Martin Brixner, scientific assistant, Munich University of Technology, Center for Entrepreneurial and Financial Studies (CEFS)

While IPOs have attracted much academic research in the past, Prof. Gregoriou has still managed to collect a set of very interesting and insightful papers about corporate flotations. Much of what we know about IPO was confined to the Anglo-American countries, but this volume also details the IPO process of Continental European countries and of emerging economies. The collection also comprises some topics which did not receive much attention: e.g. earnings manipulation prior to a flotation, the creation of IPO indices, the special case of internet IPOs and so on. Therefore, the volume is highly informative. I recommend it to anyone interested in the process of bringing companies to the stock exchange. Prof. Luc Renneboog, Tilburg University and European Corporate Governance Institute (ECGI)

I ordered this book three weeks ago and was amazed at the originality of all the articles. This book deals with all the issues of IPO from performance to underwriting corporate structure, bookbuilding, listing and underwriting. If you are on Wall Street or London and work in the IPO sector this provides the latest quantitative research in the area.