INITIAL PUBLIC OFFERINGS – RATING INDICATORS, ALTERNATIVE AND FUTURE PROSPECTS

Teodora Barbu, Carmen Obreja and Alina Lucia Trifan
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Carmen Obreja: Bucharest Academy of Economic Studies
Alina Lucia Trifan: Bucharest Academy of Economic Studies

Theoretical and Applied Economics, 2011, vol. 5(558)(supplement), issue 5(558)(supplement), 571-578

Abstract: The purpose of this paper is to mark the trend of IPOs in the current economic environment, globally and in Romania by measuring the return of the first day of trading and the wealth transferred to the shareholders and identifying and analyzing the alternatives available and the prospects of such operations. Studies of IPOs have outlined a multitude of effects on the initiating companies, in terms of short and long term performance, the dividend distribution, growth and profitability for investors. The success of IPOs on the Romanian market was highlighted most often only in terms of volume and price of the subscription, which is why we try to evaluate IPOs through specific analysis tools used in markets with expertise.

Keywords: IPO; financial intermediaries; underpricing; reverse take-over; self underwriting. (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:agr:journl:v:5(558)(supplement):y:2011:i:5(558)(supplement):p:571-578

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