Premature listing and post-IPO venture capital refinancing

Anup Basnet, Magnus Blomkvist and Douglas Cumming

Economics Letters, 2022, vol. 216, issue C

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.

Keywords: Holding period; IPOs; Pre-mature listing; Refinancing; Venture capital (search for similar items in EconPapers)
JEL-codes: G24 G32 (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:eee:ecolet:v:216:y:2022:i:c:s0165176522001719

DOI: 10.1016/j.econlet.2022.110582

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