Business, Management and Accounting
4 years ago

Venture capital reduces IPO underpricing for high-tech firms in China.

1 view
SSRN Electronic Journal
The effects of venture capital, R&D and technology on the IPO underpricing: Evidence from China
Yang Ming-yang

Paper Summary

High-tech companies with venture capital backing have lower IPO underpricing. IPOs with high technology requirements tend to have higher underpricing. Companies with high R&D spending can reduce underpricing. Venture capital can help reduce underpricing caused by technology requirements. Strengthening venture capital supervision and R&D disclosure can lower IPO underpricing in technology firms.

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