Initial Public Offerings [Paperback]The mechanics and performance of IPOsby Arif Khurshed
In stock, usually dispatched within 24 hours Also Available as an eBook: Description of Initial Public OfferingsAn initial public offering (IPO) - the occasion when a firm’s shares are issued to the public for the first time - is one of the most exciting events in the life of a company, providing new opportunities for the business, its managers and for investors. IPOs thus attract a lot of attention from stock market researchers, academics and investors seeking to understand more about how they work and how the shares of IPO companies perform once they are listed.In this new book, Arif Khurshed delves into the history of IPOs on the London Stock Exchange, explains the mechanics of how IPOs are arranged and how they are priced, and provides an analysis - with detailed but lucid reference to past academic studies - of how the shares of IPO companies perform in the short and long term. The book provides valuable insight into many fundamental IPO matters, including: -- the different methods of flotation that are used, -- the alternative ways in which IPO shares are priced, -- how common it is for IPO shares to over or underperform, -- the survival of IPO firms once they are listed. There are also detailed case studies of a number of high-profile IPOs, including those of Google, Visa and MoneySupermarket. If you are an academic, finance professional or serious investor looking to broaden your knowledge of stock market flotations then you will find Initial Public Offerings to be an indispensable guide. Title Information
Press and Industry Reviews"Everything you want to know about IPOs in the UK."- Prof. Jay R. Ritter, Cordell Professor of Finance, University of Florida "A practical overview of initial public offerings with useful academic insights." - Prof. François Derrien, Professor of Finance, HEC Paris "A fascinating read. The case studies illustrate the practical implications of dealing with IPOs. A must-read." - Dr. Silvio Vismara, Associate Professor of Finance, University of Bergamo "This condensed but nonetheless very thorough survey of IPOs will be invaluable to investors, corporate executives and finance students alike. Anyone looking at an IPO would be well advised to first pick up a copy of this book." - Dr. David Chambers, University Lecturer in Finance, Cambridge University Write a review of this book Customer Reviews from AmazonAbout Arif KhurshedArif Khurshed completed his PhD from ICMA Centre, University of Reading, in the year 1999 and joined Manchester Business School (MBS), University of Manchester, as a post doctoral researcher. He is a senior lecturer in the Division of Accounting & Finance, MBS.Arif has taught corporate finance for more than ten years and has been an active researcher in the field of initial public offerings (IPOs), institutional investments and corporate governance. He has published his research in several finance journals and has contributed many book chapters. His research has been covered by the Investors Chronicle, the UK press (The Times) and the Thai press (The Nation). Arif has been an external consultant to the UK stock market regulator, the Financial Services Authority (FSA) and to the British Venture Capital Association. Initial Public Offerings is his first book. Contents of Initial Public OfferingsAcknowledgementsAbout the Author Preface 1. An Introduction to IPOs 1.1 The life cycle of companies 1.2 Why companies conduct IPOs 1.3 Company preparation for an IPO 2. A History of IPOs 2.1 The London Stock Exchange 2.2 Regulatory and administrative history of UK IPOs 2.3 A brief history of IPOs in the UK since 1945 2.4 High-profile UK and international IPOs 3. Mechanics of IPOs 3.1 Methods of flotation 3.2 The timetable of an IPO 3.3 How IPOs are priced 3.4 Applying for IPO shares 3.5 How IPO shares are allocated 3.6 Trading IPO shares 3.7 The grey market 4. The Performance and Survival of IPOs 4.1 How IPOs perform when trading in their shares commences 4.2 The survival of IPOs 4.3 An analysis of the performance of UK privatisation IPOs 5. Investing in IPOs 5.1 Where to find information on firms planning an IPO 5.2 The IPO prospectus 5.3 What else to look out for in an IPO firm 5.4 Ten summary rules for IPO investments Bibliography Index |
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