Venturing Beyond the IPO: Financing of Newly Public Firms by Pre-IPO Investors
Author: Iliev, Peter, Lowry, Michelle on Feb 21, 2017
A wide body of literature emphasizes that venture capitalists (VCs) focus on young private companies, generally in high-tech industries. However, we find that these investors fund companies after the IPO as well. In a sample of private firms going public for the first time, 15% of the firms that were…
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