Performance of venture backed and non venture backed IPO: evidence from Canada and the UK

Khaled Soufani, T. Tse, Q. Chen

Research output: Contribution to journalArticle

Abstract

This study analyses data of both Ventures backed and Non-VC backed IPOs in both Canada and the UK over a ten-year period from1996 to 2005. We use value-weighted 90-days cumulative returns to test the short-term performance of IPOs, and examine whether the VC backed IPOs perform better than Non-VC backed IPOs in Canada and in the UK. In comparing the two countries we find evidence of similarities and differences between the two countries in terms of the short-term performance and industry selection. In the case of industry specific firms there appear to be some strong relationship to Performance
Original languageEnglish
Pages (from-to)1-22
Number of pages22
JournalJournal of International Finance and Economics
Volume8
Issue number2
Publication statusPublished - 1 Jan 2008

Keywords

  • Venture Capital
  • IPOs
  • Stock Performance

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