400 pages. Book Description
‘Jason Draho’s The IPO Decision is a clear, well organized, and especially well researched book on the IPO environment, process, and stock price results.’ – Roger G. Ibbotson, Yale University and Chairman, Ibbotson Associates, Inc., US
‘Even more important in the post-Internet bubble world, The IPO Decision by Jason Draho provides a critical, in-depth and practical perspective on the crucial terms and factors that influence the IPO process. From the company that plans to go public (or its professional advisor) to the buy side or sell side investment banker – the book provides a roadmap for all professionals associated with the IPO process.’ – Ross Barrett, President and Co-Founder, VC Experts, Inc., New York, US
The IPO Decision is an exciting new book that clarifies how the initial public offering (IPO) process actually works. It separates fact from fiction and imposes a logical structure on the most up-to-date IPO-related research. All major topics pertaining to the going-public process are included: IPO timing, the financial, strategic, and corporate governance benefits and costs of public ownership, corporate restructuring, valuation, the role of the investment bank in the primary and secondary markets, the optimality of IPO mechanisms (book-building vs. auctions), analyst coverage, and the long-run performance of IPOs.