The Evolution of the IPO Market
A special issue of Journal of Risk and Financial Management (ISSN 1911-8074). This special issue belongs to the section "Financial Markets".
Deadline for manuscript submissions: closed (31 August 2021) | Viewed by 753
Special Issue Editor
Interests: portfolio management; hedge funds; Initial Public Offerings (IPOs); Seasoned Equity Offerings (SEOs), Private Investment in Public Equity (PIPE); venture capital; Mergers and Acquisitions (M&As); payout policy; corporate finance
Special Issue Information
Dear Colleagues,
The IPO market has evolved since the dot-com bubble. First, over the past two decades, fewer private firms have decided to go public via a traditional IPO, while mergers and acquisitions (M&As) have become the trend as an exit route. Second, money-losing IPOs have raised an important amount of cash and investors have assigned high valuation premiums to these IPOs. This upward trend of unprofitable firms going public via IPOs seems to be continuing. Third, despite the COVID-19 pandemic and its economic effects, the IPO market was strong in 2020. It was even the best IPO year since the dot-com bubble. However, the biggest part of this hot period could be due to the boom in special purpose acquisition companies (SPACs) or due to direct listings, two alternative techniques for going public that changed the conventional route of IPOs. These disruptions to the conventional IPO market raise many research questions and present significant research opportunities to better understand the going public process around the world.
The aim of this Special Issue is to provide a collection of papers from leading experts in the area of the going public process.
The topics covered in this Special Issue will include, but are not limited to:
- IPOs vs. M&A
- Venture capital and exit mechanisms
- Alternative techniques to the conventional IPO
- Special purpose acquisition companies
- Direct listings
- Role of underwriters
- Cost of listing and performance of IPOs
Other types of papers may possibly be considered subject to their contribution to the theory and knowledge of IPO markets.
Prof. Dr. Maher Kooli
Guest Editor
Manuscript Submission Information
Manuscripts should be submitted online at www.mdpi.com by registering and logging in to this website. Once you are registered, click here to go to the submission form. Manuscripts can be submitted until the deadline. All submissions that pass pre-check are peer-reviewed. Accepted papers will be published continuously in the journal (as soon as accepted) and will be listed together on the special issue website. Research articles, review articles as well as short communications are invited. For planned papers, a title and short abstract (about 100 words) can be sent to the Editorial Office for announcement on this website.
Submitted manuscripts should not have been published previously, nor be under consideration for publication elsewhere (except conference proceedings papers). All manuscripts are thoroughly refereed through a single-blind peer-review process. A guide for authors and other relevant information for submission of manuscripts is available on the Instructions for Authors page. Journal of Risk and Financial Management is an international peer-reviewed open access monthly journal published by MDPI.
Please visit the Instructions for Authors page before submitting a manuscript. The Article Processing Charge (APC) for publication in this open access journal is 1400 CHF (Swiss Francs). Submitted papers should be well formatted and use good English. Authors may use MDPI's English editing service prior to publication or during author revisions.
Keywords
- Initial public offerings
- M&A
- Venture capital
- Special purpose acquisition companies
- Direct listings
