Analyses if initial public offerings (IPO) impact on companies financial performances listed in NASDAQ Baltic 2016-2019 /

The aim of this study was to analyse the impact of initial public offerings (IPO) on companies’ financial performances listed in NASDAQ Baltics during 2016 to 2020. Theoretical part of the research will analyse why companies decide to go public (business cycle, better crediting, financing opportunities) as well as the timing of the IPO. For the analytical part the study will use fundamental analysis for the companies’ financial ratios. The target of this study will be companies which have issued IPOs (in the period of 2016-2020) and are listed in NASDAQ OMX Baltics. There are 5 companies, which fit that requirements. Secondary data from NASDAQ OMX Baltics have been used for the study and time series analysis have done with the chosen companies’ key ratios before IPO and after IPO changes. It was possible to conclude that majority of the companies able to increase their sales revenues and profitability after IPO. Also, it was able to conclude that IPO capitalization and market value of the companies have a positive relationship. As recommendations, the study recommend that companies listing in Baltics region must be monitored and accelerate in order to facilitate more companies in stock exchange and make use of IPOs and expanding companies’ capitalization. And financial institutions like CIMA, CA and other local authorities should encourage more firms on going public and bring awareness to educate firms more about capital market.

Grantor dc:publisher

Institutional Repository of Vilnius University

Year dc:date

2021

Author dc:creator

• Silva, Ineesha,

Contributors dc:contributor

• Matuzevičiūtė-Balčiūnienė, Kristina

• IPO ; Financial performance ratios ; market timing ; NASDAQ Baltics

Statement dc:rights

• info:eu-repo/semantics/openAccess

Language dc:language

eng

Repository record dc:identifier

https://repository.vu.lt/VU:ELABAETD79945398&prefLang=en_US

OAI identifier oai:identifier

oai:vu.lt:elaba:79945398