Gavrilova, EkaterinaMendes, Bárbara Martins2024-04-242024-04-242023-01-132023-01-12http://hdl.handle.net/10362/166571The main goal of the thesis is to make considerations about if the company should proceed with an Initial Public Offering (IPO) and recommend the company´s valuation. Based on the long performance analyses, we believe the IPO is the optimal exit for the company with a final equity valuation of $1,492 million on 31 December 2022. The UK IPO market presents an Underpricing discount of 3.5% from 2002 to 2021 and the paper’s goal is to assess if the ROA, Issue Size and Inflation affect the underpricing discount. As a result, it is verified that none of the three variables significantly influence the underpricing value of IPOs, presenting a positive coefficient among them. Even so, it is possible to verify that there is a positive correlation between independent and dependent variables.engIpoDcf valuationMultiple valuationMusical industryLuxury industryUnderpricing discountFinancial performancemaster thesis203363655