Going Public to Acquire? The Acquisition Motive in IPOs

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A Theory of Merger-Driven IPOs (2011, unknown): “going public. Similar evidence is reported in Celikyurt, Sevilir and Shivdasani (2008) .”
The Desire to Acquire and IPO Long-Run Underperformance (2012, background): “Recent studies (e.g., Celikyurt et al. (2010)) have highlighted the importance of the acquisition motivation for conducting an IPO but have not examined how these acquisition decisions impact the long-run performance of IPOs.”
Where Have All the IPOs Gone (2013, unknown): “Celikyurt et al. ((2010), Table 2) point out that the average acquisition expenditures are greater than those on either capital expenditures or research and development.”
Europe's Second Markets for Small Companies (2012, unknown): “Indeed, prospects for future deals grow as the company’s value to investors becomes less uncertain, since the IPO places a value on the firm (see Brau and Fawcett, 2006; Bancel and Mittoo, 2009; Celikyurt et al., 2010; Bonardo et al., 2010; Hovakimian and Hutton, 2010; Brau et al., 2012; and Hsieh e”
Private and Public Merger Waves (2012, unknown): “More recently, Dittmar and Dittmar (2008) and Rau and Souraitis (2008) study wave characteristics of corporate nancing events, including mergers.”