THE ECONOMICS AND IMPLICATIONS OF AN INTIAL PUBLIC OFFERING

Authors

  • Radu BORES Stefan cel Mare University of Suceava
  • Ana-Maria HLACIUC Stefan cel Mare University of Suceava

Keywords:

IPO, order book, secondary stock market

Abstract

This paper aims at providing insight into the mechanics of an initial public offering, for both companies prospecting the choice of financing themselves on the market as well as investors looking to build their portfolio. The study shows that for certain applications, getting finance through an IPO is a very compelling and flexible option for companies as well as provide valid opportunities for investors. For emerging market IPOs should be a tool for development aside from classic debt instruments, however potential investors need to be aware of risks and drawbacks associated with the decision to participate or underwrite in an IPO.

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Published

16.07.2016

Issue

Vol. 5 No. 2 (2016)

Section

Accounting, Finance, Statistics and Economic informatics

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