Premature listing and post-IPO venture capital refinancing

C-Tier

Journal: Economics Letters

Year: 2022

Volume: 216

Issue: C

Authors (3)

Basnet, Anup (not in RePEc) Blomkvist, Magnus (not in RePEc) Cumming, Douglas J. (Stevens Institute of Technolog...)

Score contribution per author:

0.336 = (α=2.02 / 3 authors) × 0.5x C-tier

α: calibrated so average coauthorship-adjusted count equals average raw count

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Abstract

We examine why venture capital firms re-invest in portfolio companies also after the IPO. Companies are taken public earlier than optimal, resulting in lower post-IPO returns, and a greater likelihood of, and shorter time to, the first post-IPO VC refinancing.

Premature listing and post-IPO venture capital refinancing

Authors (3)

Abstract

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