IPO Timing, Buyout Sponsors’ Exit Strategies and Firm Performance of RLBOs
This paper studies the impact of buyout sponsors’ IPO timing on the LBO restructuring process and subsequent exit strategies. I find that LBO duration is negatively related to hot IPO market conditions. Further, following IPOs, RLBOs with shorter LBO duration experience greater deterioration of perf...
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Format: | text |
Language: | English |
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Institutional Knowledge at Singapore Management University
2011
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Online Access: | https://ink.library.smu.edu.sg/lkcsb_research/4578 https://ink.library.smu.edu.sg/context/lkcsb_research/article/5577/viewcontent/IPO_Timing_Buyout_Sponsors__Exit_Strategies_and_Firm_Performance.pdf |
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Institution: | Singapore Management University |
Language: | English |