Sökning: "Lockup Agreement"

Hittade 3 uppsatser innehållade orden Lockup Agreement.

1. 1. Lockup expiration after IPO : Potentially abnormal returns on the Swedish Stock Exchange?

   Master-uppsats, Uppsala universitet/Företagsekonomiska institutionen

   Författare :Timothy Flysjö; Filip Daberius; [2023]
   Nyckelord :Initial Public Offering; IPO; Lockup agreements; Abnormal returns; Lockup length; Private equity; Staggered Lockups; Event Study;

   Sammanfattning : We examine 102 share lockup agreements following IPOs on the Swedish stock market and whether any abnormal returns exist in the days surrounding the expiration of lockup agreements. We also test three potential explanatory variables based on previous research, the length of the lockup agreement, the type of pre-IPO ownership for the firm (if it is backed by private equity or not), and if the lockup has multiple expiration dates (staggered lockup) or only one. LÄS MER

3. 2. Retention of Equity: Can It Mitigate the Hidden Costs in Initial Public Offerings?

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

   Författare :Sara Engström; Maja Ängerud; [2019]
   Nyckelord :IPO; Lockup Agreement; Long-Term Performance; Moral Hazard; Asymmetric Information;

   Sammanfattning : It has been argued that the reason to include lockup agreements when going public is to alleviate the inefficiencies inherent to the IPO market. The hidden costs of asymmetric information and moral hazard have been proposed as the driver of the lockup length as well as the reason for the poor long-term performance of IPOs. LÄS MER

4. 3. The Role of Lockups in Venture Capital Backed IPOs : An empirical study on the London Stock Exchange from 2009 to 2012

   Uppsats för yrkesexamina på avancerad nivå, Umeå universitet/Företagsekonomi

   Författare :Jimmy Sabel; Xinrong Wu; [2014]
   Nyckelord :Initial Public Offering IPO ; Venture capital VC ; Lockup agreement; London Stock Exchange LSE ; Event Study; Abnormal returns; Cumulative abnormal returns CAR ; Market efficiency; Trading Regulations;

   Sammanfattning : There are plenty of things said about the financial industry, an always ongoing debate, to say the least. We have identified a complex situation with three dimensions: Initial public offerings, Venture capital, and Lockup agreements. IPOs are generally difficult to put a price on because the market is not united yet, which creates uncertainties. LÄS MER