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initial public offering (IPO)

Resuscitating the London Stock Exchange

by Dr Bobby Reddy, Fellow, Cambridge Endowment for Research in Finance Whichever way you look at it, the London Stock Exchange is in secular decline. The number of companies listed on the exchange's Main Market has fallen from over 4,400…

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London stock exchange building at Paternoster Square next to St Paul's Cathedral in the City of London, England.

It all began at Cambridge Judge

Twenty-five years ago, an Argentinian, an American and an Australian met on the Cambridge MBA programme and have continued to work and invest together ever since. Twenty-five years ago, Enrique Klix (MBA 1997) from Argentina, Lynne Thornton (MBA 1997), nee Braddick,…

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Enrique Klix & Lynne Thornton at the Integral Acquisition IPO celebration dinner

Clean-tech entrepreneurship

Electric vehicle recharging firm Pod Point, founded by Ignite alumnus at Cambridge Judge Erik Fairbairn and CJBS fellow Peter Hiscocks, floats on the London Stock Exchange with a valuation of around £350 million. Peter Hiscocks Electric vehicle recharging company Pod…

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An electric car being charged on a parking lot with a charging station in the city.

Diversity and pricing

Gender diversity boosts underpricing in IPOs due to higher institutional investor demand for diverse boards, finds new study co-authored at Cambridge Judge Business School. Firms with gender-diverse boards going public through big investment banks have a bigger first-day pop in…

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Comprehensive viewpoint of diverse group of business executives sitting together at conference table and looking at camera.

The rise of the special purpose acquisition company

by Dr Sunwoo Hwang, Research Associate, Cambridge Centre for Finance and Cambridge Endowment for Research in Finance 2020 has been the year of special purpose acquisition companies or SPACs. A SPAC is a blank check shell company designed to take…

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Best first-day IPO

Cancer therapy company Monopar Therapeutics, led by Cambridge MBA Chandler Robinson, has very successful initial public offering (IPO) on Nasdaq. Monopar, a Chicago-based company seeking to improve clinical outcomes for cancer patients, led by Cambridge Judge Business School graduate Chandler…

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The Economist: Naughty investment banks win more IPO business

A study by Dr Thomas Roulet, University Senior Lecturer in Organisation Theory at Cambridge Judge, finds that Wall Street’s sins have a surprising side-effect: press reports of bad behaviour by investment banks during and after the financial crisis were good…

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Debt versus equity

Study co-authored by Professor Raghavendra Rau of Cambridge Judge Business School examines why some firms go public through initial public debt offerings rather than the more publicised initial public offerings of equity. The business-news headlines are often filled with the…

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Digital landscape.

Lessons for today’s investors from financial market history

From 18th century ‘structured finance’ and currency speculation in the Middle Ages, to stock market performance in the 20th and 21st centuries. A new book edited by two University of Cambridge academics chronicles the historical development of asset returns, stock…

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Review of UK small-cap returns

Numis report co-authored by Elroy Dimson of Cambridge Judge. The Numis Smaller Companies Index (NSCI), which measures returns from investing in small- and mid-cap UK companies, ended 2014 with a positive return of 0.8 per cent, almost identical to the…

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