The cost of an initial public offering on the stock exchange in Poland in 2008-2012 Cover Image

Koszt pierwszej oferty publicznej na rynku akcji w Polsce w latach 2008-2012
The cost of an initial public offering on the stock exchange in Poland in 2008-2012

Author(s): Mieczysław Puławski
Subject(s): Economy
Published by: Wydawnictwo Naukowe Uniwersytetu Szczecińskiego
Keywords: the cost of an initial public offering; stock exchange in Poland

Summary/Abstract: This article has been devoted to the analysis of the costs of IPO borne by companies - domestic ones in great majority - having their debut on Warsaw Stock Exchange (WSE) between January 2008 and December 2012. The analysis covered seventy six companies which carried out public subscription for shares and, consequently, introduced them into trading on the WSE. The author pointed to total costs of new issues, relative costs of issues, the average cost of subscription for one share covered by subscription as well as economic costs as the costs of the possible undervaluation of IPO.

  • Issue Year: 2013
  • Issue No: 63
  • Page Range: 435-447
  • Page Count: 13
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