Initial public offering (IPO) – Theoretical basis

Initial public offering (IPO) – Theoretical basis

Paper in proceedings outside WoS and Scopus

The article aims to provide the theoretical basis for further studies of the topic of initial public offering. This theme will be more specified and targeted on counties in central and eastern European region and their interconnection with developed capital markets of European Union. Article defines terms such as initial public offering itself. Initial public offering (IPO) is defined as first public offering of invest securities. Article than shows breakdown of the initial public offering depending on the origin of the offered shares. So, we can distinguish three types of IPO according to this definition. Very important part of initial public offering process is market selection because the market can be decisive point of success or failure of the company that enters this market. In this part of article is described also division of issues themselves. We recognize own issues and foreign issues or based on terms of placement technique we distinguished public issues and private issues. Most important part of the whole IPO process is determination of the primary share issue procedure, which maps the whole process of IPO. Before mentioning world famous stock exchanges this article clarified the cycle of the initial public offering and mentions that hot and cold periods of the cycle come in waves. Last chapter of this article is focused on famous stock market such as NASDAQ, New York Stock Exchange and from Europe, British representative London Stock Exchange, and Frankfurt Stock Exchange as the biggest of the stock exchanges in central and eastern European countries.

The article aims to provide the theoretical basis for further studies of the topic of initial public offering. This theme will be more specified and targeted on counties in central and eastern European region and their interconnection with developed capital markets of European Union. Article defines terms such as initial public offering itself. Initial public offering (IPO) is defined as first public offering of invest securities. Article than shows breakdown of the initial public offering depending on the origin of the offered shares. So, we can distinguish three types of IPO according to this definition. Very important part of initial public offering process is market selection because the market can be decisive point of success or failure of the company that enters this market. In this part of article is described also division of issues themselves. We recognize own issues and foreign issues or based on terms of placement technique we distinguished public issues and private issues. Most important part of the whole IPO process is determination of the primary share issue procedure, which maps the whole process of IPO. Before mentioning world famous stock exchanges this article clarified the cycle of the initial public offering and mentions that hot and cold periods of the cycle come in waves. Last chapter of this article is focused on famous stock market such as NASDAQ, New York Stock Exchange and from Europe, British representative London Stock Exchange, and Frankfurt Stock Exchange as the biggest of the stock exchanges in central and eastern European countries.

Initial public offering, exchange market, market selection, stock exchanges, issue

Initial public offering, exchange market, market selection, stock exchanges, issue

MALÍŘ, J.

2023

10.12.2021

Vysoké učení technické v Brně - Fakulta podnikatelská

Brno

978-80-214-6069-0

Workshop specifického výzkumu 2021

78

84

7

Sborník workshopu_2021_final