Premature listing and post-IPO venture capital refinancing

Anup Basnet (), Douglas Cumming and Magnus Blomkvist ()
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Magnus Blomkvist: Audencia Business School

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Abstract: We examine why venture capital firms reinvest 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 JEL Classification: G24; G32 (search for similar items in EconPapers)
Date: 2022-05
Note: View the original document on HAL open archive server: https://hal.science/hal-03672114
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Published in Economics Letters, 2022, 216, pp.110582. ⟨10.1016/j.econlet.2022.110582⟩

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Journal Article: Premature listing and post-IPO venture capital refinancing (2022)
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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-03672114

DOI: 10.1016/j.econlet.2022.110582

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