IPOs and SEOs in the US Real Estate Industry
Description
Philip Radner analyzes equity financing phenomena and researches IPO underpricing and SEO announcement effects using data sets for US REITs. Moreover, he discusses underpricing theories and their applicability in the REIT context and gives a theoretical background on IPOs and on underpricing in particular. With this background at hand, the results out of this dissertation imply to focus on the wording in IPO documents as it can help to maximize IPO proceeds. In addition, he analyzes how to better time and announce subsequent equity financing events. It is expected that significantly underpriced issues attract more investors and that subsequent SEOs are then easier to conduct and typically raise more capital.
Keywords
Business & EconomicsReal EstateManagementIndustriesFinancial ServicesCorporate Finance
2017Book
Author(s)Philip Radner
PublisherSpringer Fachmedien Wiesbaden
ISBN9783658171384
LanguageEnglish
