Private equity et initial public offering / Romain GROSJEAN

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Private equity et initial public offering / Romain GROSJEAN

Study and report

GROSJEAN, Romain. Author

Published by ESCP Business School - 2012

Library: Madrid London Paris Champerret Paris Montparnasse Turin

Source : Syracuse

Item type

Study and report

Dissertation

MIM Master in Management Grande Ecole

Language

English

Publication year: 2012

Note

Annexes.

Subjects: EQUALITY - STOCK EXCHANGE - SUPPLY

Geographical area: HONG-KONG

There is significant evidence that European equities are currently undervalued. The current state of crisis that plagues the global economy has caused the share price and market capitalization of a number of European companies to plummet while liquidity was greatly affected leaving most of them without reasonable access to public equity for their financing needs. Moreover, due to the heightened risk aversion and the flight-to-quality tendency of investors in bear markets, some companies see very little trading volumes on their stocks as well as little interest from analysts. These factors also contribute to driving the stock price downwards and widening the gap between the market value and the intrinsic value of the company.