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Operating performance of reverse leveraged buyouts and underwriter prestige

Koutsogianopoulos, Spiros
Spectrum: Concordia University Research Repository · Papers
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LBOs return to the public by issuing new equity in a reverse LBO. Since these companies were once publicly traded, they may suffer less from the information asymmetry plaguing regular IPOs and causing their underpricing. Prestigious underwriters may be able to signal firm quality to the market there
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