Sökning: "SPACs"

Visar resultat 1 - 5 av 25 uppsatser innehållade ordet SPACs.

1. 1. How do IPOs and SPACs differ in terms of post-listing performance, and how do insider and institutional ownership affect these differences?

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Markus Henriksson; Theodor Hansson; [2023-07-03]
   Nyckelord :SPACs; Special Purpose Acquisition Company; IPOs; Initial Public Offering; Ownership Structure; Abnormal Returns;

   Sammanfattning : Initial Public Offerings (IPOs) and Special Purpose Acquisition Companies (SPACs) are the two most prevalent alternatives for firms seeking to list on the stock exchange, which we examine in this study. We study numerous parameters impacting the abnormal returns of IPOs and SPACs and, compare their performance in the short-term and long-term using regressions and current literature to explain the discrepancies. LÄS MER

3. 2. SPAC Post-Merger Performance in the New Regime - An Agency Perspective

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Niclas Leksell; Marcus Silkisberg; [2022-06-30]
   Nyckelord :SPACs; Special Purpose Acquisition Company; IPO; Merger; Acquisition; Business Combination; Post-merger performance; Agency conflicts; Event study;

   Sammanfattning : SPACs are shell companies without operations created to raise capital in an IPO and subsequently identify a non-listed operating company to merge with. As of the last three years (2019-2021), the SPAC has witnessed a significant surge in popularity on the back of several tailwinds, including regulatory legitimization efforts and the participation of blue-chip sponsors and investors. LÄS MER

4. 3. Master’s Thesis in Finance Short-term SPAC Performance- Empirical Evidence on Pre-merger SPAC Performance

   Master-uppsats, Göteborgs universitet/Graduate School

   Författare :Marko Stankovic; Valter Trollius; [2022-06-29]
   Nyckelord :;

   Sammanfattning : The paper aims to shed light on the topic surrounding short-term SPAC performance. The primary focus is on whether two of the most prominent events in a SPACs lifecycle, merger announcement and merger completion, show signs of abnormality regarding short-term returns. The event study documents a 5. LÄS MER

5. 4. Dancing in the dark: A study over SPAC performance

   C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Jonathan Elofsson; Oliver Lönnberg; [2022]
   Nyckelord :SPACs; SPAC period returns; Default-free investments; Underwriter ranking; United States;

   Sammanfattning : This paper aims to examine what factors that determine default-free SPAC period returns and explore why the popularity of SPACs has drastically increased in recent years. This is done using a dataset of 345 SPACs listed on the New York Stock Exchange and the NASDAQ. LÄS MER

7. 5. Going Public in Difficult Times - A Case Study on the Iridium Space SPAC

   D-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Författare :Fabian Binder; Devon Carbone; [2022]
   Nyckelord :Special purpose acquisition company SPAC ; Financial Crisis; Satellites;

   Sammanfattning : This case study finds that a special purpose acquisition company (SPAC) was utilized by Iridium Communications (Iridium) as alternative equity financing when all other options had been eliminated. SPACs present certain problems with warrants and dilution, but they are flexible in structure. LÄS MER