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Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms.

Record Type:	Language materials, manuscript : Monograph/item
Title/Author:	Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms./
Author:	Behm, Oskar Renvall.
Description:	1 online resource (66 pages)
Notes:	Source: Masters Abstracts International, Volume: 85-09.
Contained By:	Masters Abstracts International85-09.
Subject:	Access to information. -
Online resource:	click for full text (PQDT)
ISBN:	9798381894110

Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms.
Behm, Oskar Renvall.

Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms. - 1 online resource (66 pages)

Source: Masters Abstracts International, Volume: 85-09.

Thesis (M.M.)--Universidade Catolica Portuguesa (Portugal), 2022.

Includes bibliographical references

Value deterioration is something harmful and devastating for firms. Associated with the process of taking a firm public through an IPO is underpricing, the underlying reasons for this phenomenon have been well researched throughout the years. Even though it is proven to exist in various degrees across different markets, it is concluded to exist on all stock markets. Much research has proven that Private Equity- backed firms experience a lower degree of underpricing compared to non-backed firms in their IPOs. Although being a well-researched area, a majority of previous studies discusses different variables' presence and impact on how underpricing differs between non-backed and Private Equity- backed firms. This thesis aims to complement existing literature and develop a deeper understanding for why Private Equity firms experience a lower degree of underpricing compared to non-backed firms. The study explores this area through a qualitative study by conducting interviews to create an understanding of how Swedish Private Equity firms act and work while facing this, to them and their portfolio firms, value deteriorating phenomenon. The study concludes that through exercising an active ownership in line with their standardised procedures outlined in the established and well-developed investment plans and governance structures, it seems like Private Equity firms on the Swedish market maintains a lower degree of underpricing for their portfolio firms compared to the non-backed firms. Findings also indicate contradictions to existing literature regarding how Private Equity firms act and what is being prioritised in regard to relationships with investment banks and portfolio firms.

Electronic reproduction.
Ann Arbor, Mich. :
ProQuest,
2024

Mode of access: World Wide Web

ISBN: 9798381894110Subjects--Topical Terms:

1474968
Access to information.
Index Terms--Genre/Form:

554714
Electronic books.

Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms.
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245 1 0 $a Swedish Private Equity Firms Strategies and Actions to Minimise Underpricing in IPOs of Portfolio Firms.
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500 $a Source: Masters Abstracts International, Volume: 85-09.
500 $a Advisor: Bunkanwanicha, Pramuan.
502 $a Thesis (M.M.)--Universidade Catolica Portuguesa (Portugal), 2022.
504 $a Includes bibliographical references
520 $a Value deterioration is something harmful and devastating for firms. Associated with the process of taking a firm public through an IPO is underpricing, the underlying reasons for this phenomenon have been well researched throughout the years. Even though it is proven to exist in various degrees across different markets, it is concluded to exist on all stock markets. Much research has proven that Private Equity- backed firms experience a lower degree of underpricing compared to non-backed firms in their IPOs. Although being a well-researched area, a majority of previous studies discusses different variables' presence and impact on how underpricing differs between non-backed and Private Equity- backed firms. This thesis aims to complement existing literature and develop a deeper understanding for why Private Equity firms experience a lower degree of underpricing compared to non-backed firms. The study explores this area through a qualitative study by conducting interviews to create an understanding of how Swedish Private Equity firms act and work while facing this, to them and their portfolio firms, value deteriorating phenomenon. The study concludes that through exercising an active ownership in line with their standardised procedures outlined in the established and well-developed investment plans and governance structures, it seems like Private Equity firms on the Swedish market maintains a lower degree of underpricing for their portfolio firms compared to the non-backed firms. Findings also indicate contradictions to existing literature regarding how Private Equity firms act and what is being prioritised in regard to relationships with investment banks and portfolio firms.
520 $a A deterioracao do valor e algo prejudicial e devastador para as empresas. Associado ao processo de levar uma empresa a publico atraves de um IPO esta subvalorizado, as razoes subjacentes a este fenomeno tem sido bem investigadas ao longo dos anos. Muita investigacao tem provado que as empresas apoiadas pela Private Equity-Busines experimentam um menor grau de subprecamento em comparacao com as empresas nao apoiadas nas suas IPO. Esta tese visa complementar a literatura existente e desenvolver uma compreensao mais profunda da razao pela qual as empresas de Private Equity experimentam um menor grau de subprecamento em comparacao com as empresas nao apoiadas. O estudo explora esta area atraves de um estudo qualitativo, conduzindo entrevistas para criar uma compreensao de como as empresas de Private Equity suecas agem e trabalham enquanto enfrentam este fenomeno, para elas e para as empresas da sua carteira, o valor do fenomeno da deterioracao. O estudo conclui que atraves do exercicio de uma propriedade activa em conformidade com os seus procedimentos padronizados delineados nos planos de investimento e estruturas de governacao estabelecidos e bem desenvolvidos, parece que as empresas de Private Equity no mercado sueco mantem um menor grau de subpreco para as empresas da sua carteira em comparacao com as empresas nao apoiadas. Os resultados tambem indicam contradicoes a literatura existente relativamente a forma como as empresas de Private Equity agem e ao que esta a ser priorizado em relacao as relacoes com bancos de investimento e empresas de carteiras.
533 $a Electronic reproduction. $b Ann Arbor, Mich. : $c ProQuest, $d 2024
538 $a Mode of access: World Wide Web
650 4 $a Access to information. $3 1474968
650 4 $a Finance. $3 559073
650 4 $a Scandinavian studies. $3 1195478
655 7 $a Electronic books. $2 local $3 554714
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690 $a 0613
710 2 $a ProQuest Information and Learning Co. $3 1178819
710 2 $a Universidade Catolica Portuguesa (Portugal). $3 1469780
773 0 $t Masters Abstracts International $g 85-09.
856 4 0 $u http://pqdd.sinica.edu.tw/twdaoapp/servlet/advanced?query=30857637 $z click for full text (PQDT)