The Effects of Pre-IPO Corporate Activity on Newly-Public Firms’ Growth

Ragozzino, R., Shafizadeh, K., & Blevins, D. P. 2018. The Effects of Pre-IPO Corporate Activity on Newly-Public Firms' Growth. Long Range Planning, Forthcoming

44 Pages Posted: 9 Apr 2014 Last revised: 7 Jun 2017

See all articles by Roberto Ragozzino

Roberto Ragozzino

University of Liverpool; University of Tennessee

Kourosh Shafizadeh

Independent

Dane Blevins

SUNY at Binghamton - School of Management

Date Written: June 6, 2017

Abstract

We investigate firms’ pre-IPO corporate activity. We find that firms involved in extraordinary – i.e., beyond momentum – amounts of acquisitions, JVs, and alliances in the year leading up to their IPOs (1) are more likely to engage in post-IPO corporate activity; and (2) enter into their first post-IPO transaction twice as fast as other firms. Our results indicate that signaling via extraordinary corporate activity can have a significant effect on entrepreneurial firms’ growth. The implications are discussed.

Keywords: IPO, acquisitions, alliances, joint venture, signaling

Suggested Citation

Ragozzino, Roberto and Shafizadeh, Kourosh and Blevins, Dane, The Effects of Pre-IPO Corporate Activity on Newly-Public Firms’ Growth (June 6, 2017). Ragozzino, R., Shafizadeh, K., & Blevins, D. P. 2018. The Effects of Pre-IPO Corporate Activity on Newly-Public Firms' Growth. Long Range Planning, Forthcoming. Available at SSRN: https://ssrn.com/abstract=2422345

Roberto Ragozzino (Contact Author)

University of Liverpool ( email )

Chatham Street
Liverpool, L69 7ZA
United Kingdom

HOME PAGE: http://https://www.liverpool.ac.uk/management/staff/roberto-ragozzino/

University of Tennessee ( email )

The Boyd Center for Business and Economic Research
Knoxville, TN 37996
United States

HOME PAGE: http://robertoragozzino.com

Kourosh Shafizadeh

Independent ( email )

No Address Available

Dane Blevins

SUNY at Binghamton - School of Management ( email )

P.O. Box 6015
Binghamton, NY 13902-6015
United States

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