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Bridge over ocean
1 July 1990 Research Foundation

Initial Public Offerings: The Role of Venture Capitalists

Joseph Lim and Anthony Saunders

Venture capitalists add value in the capital formation process. This monograph analyzes the value added and presents hypotheses regarding the price behavior of venture-backed and non-venture-backed initial public offerings.

Initial Public Offerings: The Role of Venture Capitalists View the full book (PDF)

Venture capitalists add value in the capital formation process. This monograph analyzes the value added and presents hypotheses regarding the price behavior of venture-backed and non-venture-backed initial public offerings.

Publisher Information
The CFA Institute Research Foundation 55 pages