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A signals-based approach: unraveling the dynamics of ipo returns
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Orientador(es)
Resumo(s)
In today’s capital markets, predicting the performance and fate of IPOs remains uncertain. This
research enhances our understanding of IPO dynamics and their implications by analyzing six
key financial metrics. The study emphasizes the need for a nuanced approach to explore the
interplay between financial ratios and returns. Using a signals approach, the research unveils a
deeper understanding of how selected financial metrics impact at-IPO returns. Results indicate
ROA, ROE and P/S ratios to be the best performers (highest ISR) and also ROA, not only the top
performer, but also the most illustrative multiple among all.
Descrição
Palavras-chave
Financial markets Ipo Performance analysis Systematic strategy Abnormal return Signal