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Is there a Management of the Float and the Offer Price during an Initial Public Offering on Euronext Paris?
[La gestion managériale du flottant ou du prix d’offre : un enjeu de réussite de l’introduction en bourse sur Euronext Paris ?]

Author

Listed:
  • Evelyne Poincelot

    (CREGO - Centre de Recherche en Gestion des Organisations (EA 7317) - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

  • Dominique Poincelot

    (CREGO - Centre de Recherche en Gestion des Organisations (EA 7317) - Université de Haute-Alsace (UHA) - Université de Haute-Alsace (UHA) Mulhouse - Colmar - UB - Université de Bourgogne - UBFC - Université Bourgogne Franche-Comté [COMUE] - UFC - Université de Franche-Comté - UBFC - Université Bourgogne Franche-Comté [COMUE])

Abstract

The purpose of this article is to examine to what extent the motivations to go public and the subsequent impact on performance can affect the choice of the floating rate and the price offered to the initial public offering. From a sample of 75 french companies introduced on Euronext Paris over the period April 2005-February 2014, we obtain significant results between some explanatory variables (factor of dilution, float) and underpricing. The percentage of transfer of the main shareholders also explains the rate of float.

Suggested Citation

  • Evelyne Poincelot & Dominique Poincelot, 2017. "Is there a Management of the Float and the Offer Price during an Initial Public Offering on Euronext Paris? [La gestion managériale du flottant ou du prix d’offre : un enjeu de réussite de l’introd," Post-Print hal-01543035, HAL.
  • Handle: RePEc:hal:journl:hal-01543035
    DOI: 10.4000/fcs.1893
    as

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