PT  - JOURNAL ARTICLE
AU  - LeRoy D. Brooks
AU  - Eurico J. Ferreira
AU  - Joseph T. Harder
TI  - Private Equity Offerings
AID  - 10.3905/jpe.2002.320015
DP  - 2002 May 31
TA  - The Journal of Private Equity
PG  - 57--62
VI  - 5
IP  - 3
4099  - https://pm-research.com/content/5/3/57.short
4100  - https://pm-research.com/content/5/3/57.full
AB  - Rule 144A of the Securities and Exchange Commission allows financial institutions with more than $100 million invested in securities to trade unregistered privately placed securities freely among themselves. The authors study the behavior of 91 selected issues released during 1988-1993. They compare the performance of the issues with six financial data points: operating income divided by assets; working capital divided by assets; market value of equity divided by assets; sales divided by assets; common equity divided by market value of equity; and earnings coefficient of variation. Predictions of failure and success are made based on these variables.