Bonaventura, Matteo; Giudici, Giancarlo - In: Eurasian business review 7 (2017) 2, pp. 247-266
This paper analyses the valuation process of companies listed on the Italian Exchange in the period 2000–2009 at their initial public offering (IPO). One the most common valuation techniques declared in the IPO prospectus to determine the offer price is the discounted cash flow (DCF) method....
