| Abstract [eng] |
The Initial public offering value is particularly relevant to markets affected by the the financial crisis since the initial public offering of securities is an alternative to the conventional borrowing and could cure the stagnation of the market. IPO helps companies to raise funds and develop their business by attracting financial resources and using them for profitable investments or other needs. A successful initial public offering not only provides the ability to raise enough funds, but also guarantees high, but steadily rising share prices on stock exchanges. After a successful initial public offering, the company has even greater possibilities for the routine borrowing and the greater confidence in foreign markets. The object of this paper work – initial prices of IPO‘s in the Baltic market. The goal of this paper work – research and evaluation of the Initial price Efficienty, factors, which have influence on it in the Baltic IPO market. The main tasks of the paper are as follows: 1. analyze characteristics of IPO, it‘s gals, advantages and disadvantages; 2. study of offerings types and the process of IPO , pricinig aspects; 3. analyze the Baltic initial market; 4. research of the Initial price Efficienty in the Baltic IPO market; 5. formulate conclusions and recommendations according the performed theoretical analysis and practical research. This paper work consists of three main parts. In the first part the conception of IPO and it‘s basic characteristics are given. Types of IPO, its process, pricing methods and aspects of it‘s barriers are given as well. In the second part of this paper work the present situation of the Baltic market are given. This part also includes the analyze on researches, which were made in the Baltic market. In the third part results of the research of the Initial price Efficienty and the evaluation of factors, which have influence on it in the Baltic IPO market are given. At the end of this work conclusions and suggestions are given. The volume of the paper is 56 pages. There are11 tables, 28 pictures and 1 appendix given in it as well. |
