Prestigious attorneys reduce IPO withdrawal risk by 22%, study finds.
Prestigious attorneys can help companies avoid withdrawing their initial public offerings (IPOs) by reducing uncertainty for investors. A study looked at over 24,000 IPOs from 1995 to 2019 and found that engaging famous lawyers can decrease the chances of an IPO being withdrawn by at least 22%. This means that companies can benefit from the exceptional legal and negotiating skills of renowned attorneys to protect their IPOs and increase their chances of success.