IPO Market Timing

By Aydoğan Alti. 2005

156 citations recorded by the source corpus.

Subfields: Accounting, Finance, Strategy and Management

View Paper: https://www.semanticscholar.org/paper/635958abbf9141e6e7f304014d64d80d2a2c17ec

How researchers see this paper

The researchers whose trusted networks rank it highest, strongest advocate first. Every researcher gets a different order.

In Accounting

1. Gonul Colak
2. Evgeny Lyandres
3. Jay R. Ritter
4. Thomas J. Chemmanur
5. Yiming Qian
6. Artyom Durnev
7. Audra L. Boone
8. Shane A. Johnson

In Finance

1. Jay R. Ritter
2. Evgeny Lyandres
3. Audra L. Boone
4. Shane A. Johnson
5. Ioannis V. Floros
6. Yiming Qian
7. Artyom Durnev
8. Gonul Colak

In Strategy and Management

1. Evgeny Lyandres
2. Thomas J. Chemmanur
3. Gonul Colak
4. Jiri Chod
5. Yiming Qian
6. Artyom Durnev
7. Jie He
8. Jay R. Ritter

Citations in the corpus

• Political Uncertainty and IPO Activity: Evidence from U.S. Gubernatorial Elections (2017, background): “Several papers argue that information spillover causes IPO clustering (Benveniste, Ljungqvist, Wilhelm, and Yu (2003), Alti (2005), and Çolak and Gunay (2011)). Our study shows that election-related political uncertainty also causes significant variations in local IPO volumes. This paper joins sever”
• Strategic IPOs and product market competition (2011, methodology): “In reality, timing is crucial in the going public decisions (e.g., Alti (2005), Benninga, Helmantel and Sarig (2005), and Pástor and Veronesi (2005)).”
• IPO waves, product market competition, and the going public decision: Theory and evidence (2011, background): “Alti (2005) focuses instead on information spillovers across IPOs to generate IPO waves. He considers a setting in which IPOs are sold to institutional investors, who are asymmetrically informed about a valuation factor common across private firms. Since IPO offer prices are set based on investors’ ”
• Cycles in the IPO market (2008, background): “Informed investors may therefore have a strategic incentive to withhold their information (Alti (2005)). The resulting market breakdowns create a role for investment banks in bundling IPOs and cross-subsidizing early wave offerings (Benveniste, Busaba, and Wilhelm (2002)).”
• Redacting Proprietary Information at the Initial Public Offering (2015, background): “Prior work documents that IPO waves are driven by considerations of stock market valuation and stock returns (Pastor and Veronesi, 2005; Alti, 2005 and Chemmanur and He, 2011). Specifically, Chemmanur and He (2011) find that firms going public during an IPO wave have lower productivity and post-IPO ”
• A Theory of Merger-Driven IPOs (2011, unknown): “Alti (2005) shows that IPOs facilitate a release of investors’ private information and cause information spillovers to other firms considering going public, which, in turn, facilitate their IPOs.”
• Equilibrium in the Initial Public Offerings Market (2011, background): “Articles by Alti (2005) and Binay, Gatchev, and Pirinsky (2007) fit in this category.”