RT Journal Article
SR Electronic
T1 Underpricing and Long-Run Performance Patterns of European Private-Equity-Backed and Non-Private-Equity-Backed IPOs
JF The Journal of Private Equity
FD Institutional Investor Journals
SP 16
OP 47
DO 10.3905/jpe.2006.650457
VO 9
IS 4
A1 Clas Bergström
A1 Daniel Nilsson
A1 Marcus Wahlberg
YR 2006
UL https://pm-research.com/content/9/4/16.abstract
AB Fast forward now to the endgame, after the company is public. Starting first with the performance of shares on a public market; how will they perform? Bergström, Nilsson, and Wahlberg present the performance of a data-set of 152 private-equity-backed IPOs against 1,370 non-private equity-backed firms in London and Paris between 1994 and 2004. Have these firms been underpriced by their issuers? Do private-equity-backed IPOs outperform their non-private-equity-backed counterparts? And how do these two groups fare against indexed performance?TOPICS: Private equity, developed, performance measurement, equity portfolio management