The Initial Listing Decisions of Firms that Go Public

@article{Corwin1998TheIL,
  title={The Initial Listing Decisions of Firms that Go Public},
  author={Shane A. Corwin and J. Harris},
  journal={Financial Management},
  year={1998},
  volume={30},
  pages={35}
}
We analyze the initial listing decisions of IPOs that qualify for New York Stock Exchange listing. We find that IPOs are more likely to list on the exchange where their industry peers are listed. Further, reverse LBOs and carveouts are more likely to choose the NYSE if the firm or their parent was previously NYSE-listed. Consistent with avoidance of delisting costs, we find that smaller, riskier firms tend to list on Nasdaq. Although direct issue costs are higher on the NYSE than on Nasdaq… Expand
98 Citations

Figures and Tables from this paper

IPO Listings: Where and Why?
  • 11
  • PDF
Competition for Listings
  • 67
  • Highly Influenced
  • PDF
Asset Returns and the Listing Choice of Firms
  • 27
  • PDF
Listing Standards and IPO Performance: Is More Regulation Better?
  • 2
  • PDF
The geography of stock exchanges in Imperial Germany
  • 6
  • Highly Influenced
  • PDF
The Dynamics of Going Public
  • 44
  • Highly Influenced
  • PDF
...
1
2
3
4
5
...

References

SHOWING 1-10 OF 42 REFERENCES
Competition for Listings
  • 67
  • PDF
THE INFORMATIONAL VALUE OF LISTING ON THE NEW YORK STOCK EXCHANGE
  • 40
The Effect of the Trading System on the Underpricing of Initial Public Offerings
  • 48
...
1
2
3
4
5
...