Business, Management and Accounting
4 years ago

IPO decisions of Tunisian companies shaped by growth opportunities and ownership.

Journal of Multinational Financial Management
Share transfer behaviour of newly introduced Tunisian companies and its determinants: An empirical analysis
Marjène Rabah Gana, Anis El Ammari

Paper Summary

The study looked at why original shareholders sell certain numbers of shares when a company goes public. It found that the decision to sell shares depends on the company's growth prospects. Share transfer behavior is influenced by whether the company is family-owned and if shareholders are blockholders. Controlling shareholders often increase their ownership during an IPO.

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