Title: Venture capitalists and the decision to go public
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.
Subjects: Capitalists and financiers, Corporate governance, Venture capital
Places: United States