Greenhorns, Yankees and Cosmopolitans: Venture Capital, Ipos, Foreign Firms & U.S. Markets

32 Pages Posted: 14 May 2001

See all articles by Edward B. Rock

Edward B. Rock

New York University School of Law; European Corporate Governance Institute

Abstract

Black and Gilson have argued that "venture capital can flourish especially - and perhaps only - if the venture capitalist can exit from a successful portfolio company through an initial public offering (IPO), which requires an active stock market." But nothing in the Black and Gilson analysis requires that the exit option be a domestic capital market. In this Article, I use the phenomenon of Israeli high tech companies going public on the NASDAQ as a case study to explore the connection between a venture capital industry and domestic capital markets in a world of global capital and product markets.

Suggested Citation

Rock, Edward B., Greenhorns, Yankees and Cosmopolitans: Venture Capital, Ipos, Foreign Firms & U.S. Markets. Theoretical Inquiries in Law, Forthcoming. Available at SSRN: https://ssrn.com/abstract=269340 or http://dx.doi.org/10.2139/ssrn.269340

Edward B. Rock (Contact Author)

New York University School of Law ( email )

40 Washington Square South
New York, NY 10012-1099
United States

European Corporate Governance Institute ( email )

c/o the Royal Academies of Belgium
Rue Ducale 1 Hertogsstraat
1000 Brussels
Belgium

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