Evidence on What Cfos Think About the IPO Process: Practice, Theory, and Managerial Implications

13 Pages Posted: 5 Oct 2006

See all articles by James C. Brau

James C. Brau

Brigham Young University

Stanley E. Fawcett

Weber State University

Abstract

The main findings from the survey are summarized below:Many privately held companies aspire to go public through an initial public offering. But the IPO process is time-consuming, expensive, and fraught with uncertainty. With the aim of shedding light on the process and reducing at least some of the uncertainty, the authors asked several hundred CFOs to share their experiences and perceptions with regard to six specific aspects of the IPO process: (1) motives for going public; (2) the timing of IPOs; (3) criteria for choosing an underwriter; (4) cause of IPO underpricing; (5) IPO signaling; and (6) reasons to stay private.

Suggested Citation

Brau, James C. and Fawcett, Stanley E., Evidence on What Cfos Think About the IPO Process: Practice, Theory, and Managerial Implications. Journal of Applied Corporate Finance, Vol. 18, No. 3, pp. 107-117, Summer 2006, Available at SSRN: https://ssrn.com/abstract=934935 or http://dx.doi.org/10.1111/j.1745-6622.2006.00103.x

James C. Brau (Contact Author)

Brigham Young University ( email )

TNRB 640
Marriott School
Provo, UT 84602
United States
801-318-7919 (Phone)
801-422-0108 (Fax)

HOME PAGE: http://marriottschool.byu.edu/emp/brau/

Stanley E. Fawcett

Weber State University ( email )

3801 University Circle
Ogden, UT 84408
United States

Do you have a job opening that you would like to promote on SSRN?

Paper statistics

Downloads
36
Abstract Views
1,479
PlumX Metrics