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Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e
book

Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e

by Fred R. David, Forest R. David
January 2016
Intermediate to advanced
480 pages
132h 28m
English
Pearson
Content preview from Strategic Management: A Competitive Advantage Approach, Concepts and Cases, 16/e

IPOs, Cash Management, and Corporate Bonds

Go Public With An IPO?

Hundreds of companies annually hold initial public offerings (IPOs) to move from being private to being public. In 2014, the number of firms going public was at its fastest pace in years, as investors bid aggressively for new shares of new companies, paying on average 14.5 times annual sales for firms. The average U.S. IPO stock price in 2014 increased 19 percent, rewarding investors.8 However, nearly three quarters of the firms going public in 2014 were unprofitable, and most had annual sales of less than $50 million. In addition to Alibaba, some of the most successful IPOs in 2014 were GoPro, maker of the popular action photography camera, whose stock hit the market mid-year ...

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Publisher Resources

ISBN: 9780134167848