small but profitable firms choose ChiNext and large firms backed by foreign venture capital prefer US exchanges as their IPO …

This paper examines the relationship between ownership structures and IPO long-run performance of non-SOEs in China …. Although non-SOEs underperform the market in general after IPO but the poor performance is mainly caused by the IPOs with … three years post-IPO performance in adjusted buy-and-hold returns. Non-SOEs with control-ownership wedge have higher …

-backed IPO firms are significantly younger and smaller than IPO companies backed by venture capital firms that are subsidiaries … and go public on stock exchanges with less strict listing requirements due to their immaturity. Young and small IPO …

We consider an incumbent who wishes to sell equity to outsiders at an IPO to implement his firm’s project. He may be … the post-IPO operating performance of dual class versus single class firms. …

composition of all the investors in the companies being taken public, both before and after the IPO, as well as the portfolio … of the shareholders and relate them to both the probability of the IPO and the underpricing. We show that companies held …

We examine stock market reaction to IPO lockup expiration for a sample of 60 companies in the Middle East and North … the fraction of IPO shares on offer that are primary, which is consistent with regulators setting shorter lockups for well …-established firms and those signaling an ongoing commitment to the business. And while evidence of general IPO underpricing is …