Publication detail

Initial Public Offering: Theory and Practice of Czech and Polish Companies

MELUZÍN, T. ZINECKER, M. LAPINSKA, J.

Original Title

Initial Public Offering: Theory and Practice of Czech and Polish Companies

Type

book

Language

English

Original Abstract

This book deals with the topic of corporate financing through Initial Public Offerings. It aspires to broaden both knowledge and comprehension of this subject. For issuers, it identifies some practical approaches to IPO-related decisions under the conditions in force on the Czech and Polish capital markets. The introductory chapter delineates the specifics of joint-stock companies and reviews the resources available to such legal entities in raising the capital needed for investments in company development. The term Initial Public Offering is then defined, followed by an assessment of IPO trends in terms of their numbers and the value of the capital obtained by this form of financing on global equity markets. In the next section of the book, the authors survey the most frequently stated reasons for launching an IPO with their respective pros and cons. The book then analyses the IPO structure and the related costs on global equity markets. The following chapter covers the characteristic features of IPOs, these being underpricing and the lower profitability of shares after the initial public offering. This part of the book concludes with a discussion of the methods used to evaluate the issuing companies. The third part of the book begins with an outline of the main conditions for a successful IPO implementation on the Czech and Polish capital markets. This is followed by the main characteristics of the initial public offerings that have appeared on the Czech capital market, and an articulation of the policies, views and experiences of the companies that implemented them. This section of the book also presents the results of research into factors that influence decisions about a prospective IPO under the conditions in force on the Polish capital market. The results of the empirical research are compared with modern theoretical approaches seeking a solution to this decisive juncture within a company. The final chapter presents a summary and a discussion of the results produced.

Keywords

Corporate Financing IPO, Initial Public Offering, Czech Capital Market, Polish Capital Market

Authors

MELUZÍN, T.; ZINECKER, M.; LAPINSKA, J.

RIV year

2012

Released

12. 3. 2012

Publisher

Polish Economic Society - Branch in Torun

Location

Toruň

ISBN

978-83-62049-15-8

Edition

1.

Edition number

1. vyd

Pages from

1

Pages to

179

Pages count

179

BibTex

@book{BUT89004,
  author="Tomáš {Meluzín} and Marek {Zinecker} and Justyna {Lapinska}",
  title="Initial Public Offering: Theory and Practice of Czech and Polish Companies",
  year="2012",
  publisher="Polish Economic Society - Branch in Torun",
  address="Toruň",
  series="1.",
  edition="1. vyd",
  pages="1--179",
  isbn="978-83-62049-15-8"
}