Sökning: "Lockup agreements"
Hittade 4 uppsatser innehållade orden Lockup agreements.
1. Lockup expiration after IPO : Potentially abnormal returns on the Swedish Stock Exchange?
Master-uppsats, Uppsala universitet/Företagsekonomiska institutionenSammanfattning : 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
2. Retention of Equity: Can It Mitigate the Hidden Costs in Initial Public Offerings?
C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : 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
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/FöretagsekonomiSammanfattning : 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
4. IPO Share Lockups-Unlock Day Effect: An empirical study on Nordic data
C-uppsats, Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiSammanfattning : This paper studies the expiration of IPO lockup periods’ impact on stock price and volume behavior on 148 Nordic firms over the years of 1995-2009. We find a statistically significant abnormal return of -0.6% when the lockup expires, but no support for an increased abnormal trading volume. LÄS MER