We examine the impact of pre-initial public offering (IPO) media coverage on the decision to withdraw an IPO. Using a sample of 2592 U.S. completed and withdrawn IPOs between January 1998 and December 2011, we find that media coverage and media tone are significantly negatively related to the...

As a result of increased information production and aggregation, acquiring companies may make merger decisions based on valuable information they extract from public markets. This paper examines acquisitions by target status and suggests a novel source of information for industry firms – the...