Going public is certainly one of the most important decision in a firm’s life. Underpricing is a phenomenon well documented by the literature and although in different shapes, it's present in every market. Despite this, 2019 has been an extraordinary year for IPOs, both in a good and in a bad way. Uber, one of the biggest and most discussed companies, went public in 2019 with bad performance. With a DCF model and a rider-based valuation I tried to understand the reasons.
IPO underpricing and tech IPOs: Uber case
Gobbato, Giorgio
2020/2021
Abstract
Going public is certainly one of the most important decision in a firm’s life. Underpricing is a phenomenon well documented by the literature and although in different shapes, it's present in every market. Despite this, 2019 has been an extraordinary year for IPOs, both in a good and in a bad way. Uber, one of the biggest and most discussed companies, went public in 2019 with bad performance. With a DCF model and a rider-based valuation I tried to understand the reasons.File in questo prodotto:
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Gobbato_Giorgio.pdf
Open Access dal 19/03/2023
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Utilizza questo identificativo per citare o creare un link a questo documento:
https://hdl.handle.net/20.500.12608/28875