Abstract:Initial Public Offerings constitute one of the most important activities in corporate finance, bringing substantial amounts of new capital to the corporate sector. Floating stock is a commonly used method for companies to gain new capital for new investments, to refinance their investments, or to adjust their debt/equity ratio. In this paper we will examine Central and Eastern Europe IPO in terms of initial and long-run returns. Warsaw Stock Exchange (WSE) is currently among the leading European stock markets … Show more
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