Venture capitalists and the decision to go public
By: Joshua Lerner
Contributors: Harvard Business School. Division of Research
Series: Working paper / Division of Research, Harvard Business School -- 93-002; Working paper (Harvard Business School. Division of Research) -- 93-002
Publisher: Division of Research, Harvard Business School
Published: 1992
Place of publication: Boston]
Language: eng
Number of pages: 27
Subjects: Capitalists and financiers; Corporate governance; Venture capital
Description: Venture capitalists' role in initial public offerings extends well beyond certification. Firms backed by seasoned venture capitalists are more likely to successfully "time" the market, going public when valuations are highest. Only experienced venture capitalists appear to consider firms' intangible assets in the decision to go public.
Notes: Includes bibliographical references.