Technological Disruptive Potential and the Evolution of IPOs and Sell-Outs
Author: Bowen, Donald , Fresard, Laurent , Hoberg, Gerard on Nov 12, 2019
Since the late 1990s, the number of private firms exiting via initial public offerings (IPOs) in U.S. markets has sharply declined. At the same time, the number of exits via acquisitions (i.e., sell-outs) has soared. Successful firms are nowadays more likely to sell-out to other (public or private) companies than…
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