IPO costs on the Polish capital market
Date
2019-02-28
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Видавництво Львівської політехніки
Lviv Politechnic Publishing House
Lviv Politechnic Publishing House
Abstract
The effectiveness of IPO processes is a
frequent research subject for finance scholars. This article
examines the cost of such processes on the Warsaw Stock
Exchange in 2008–2017 based on a sample of 136
companies. Research results indicate that IPO costs for
transactions worth up to PLN 50m are significantly higher
than for the remaining transactions and decline as the value
of the IPOincreases. At the same time, poor state of theWSE
related to the absence of new capital and the loss of trust
among investors due to events related to failure to comply
with corporate governance mean that it may be difficult to
see the return of a larger number of IPOs and the amount of
equity raised in the upcoming years.
Description
Keywords
IPO, cost of IPO, stock exchange
Citation
Gemra K. IPO costs on the Polish capital market / K. Gemra // Economics, Entrepreneurship, Management. — Lviv : Lviv Politechnic Publishing House, 2019. — Vol 6. — No 2. — P. 41–46.