This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...

This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...

This paper examines whether investors use information contained in the prospectus as indicators of firm quality and incorporate this information when pricing an IPO firm, and then it relates these IPO valuations to post-IPO returns. The study is based on a sample of IPO firms that went public on...

The impact of enterprise value drivers on value migration processes has not been subjected to extensive and detailed empirical analysis, though the literature strongly indicates connections between them. The article presents the relationships between value migration phases and value drivers,...