Valuation Of IPOs

Rajesh Aggarwal, Sanjai Bhagat and Srinivasan Rangan

in The Oxford Handbook of Entrepreneurial Finance

Published in print March 2012 | ISBN: 9780195391244
Published online September 2012 | | DOI:

Series: Oxford Handbooks

 Valuation Of IPOs

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  • Economics
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Valuation of initial public offerings (IPOs) occupies an important place in finance, perhaps because an IPO provides public capital market participants their first opportunity to value a set of corporate assets. Valuation of IPOs is also quite relevant from an economic efficiency perspective: the IPO is the first opportunity that managers of such (usually young) companies get to observe price signals from the public capital markets. Such signals can either affirm or repudiate management's beliefs regarding the firm's future growth opportunities, which have obvious implications for real economic activity (e.g., employment and corporate investment).

Keywords: initial public offerings; capital market participants; corporate assets; economic efficiency; firm growth

Article.  13753 words. 

Subjects: Economics ; Financial Markets ; Financial Institutions and Services

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