An initial public offering (IPO) is when private company stocks are sold to the public for the first time. Some of the main advantages of turning into a public company include gaining access to capital to fund growth, creating liquidity and potential exit for current owners, getting maximum value of the company, enhancing the company’s public profile, improving in debt finance terms, giving extra assurances for partners, suppliers and clients, enhancing loyalty of key personnel and providing superior efficiency of the business.
According to Dealogic, there has been $5 billion worth of IPOs completed so far this year, led by Xoom, an online money-transfer service. The first IPO of 2013, Xoom saw its shares jump 59 percent to $25.49 from its offering price of $16 in its debut on the Nasdaq market.
KPMG released a poll showing expectations for more investment in early- and expansion-stage companies, as well as a continued optimism remaining for IPO activity. The entrepreneurial community is optimistic about IPO activity, as 66 percent expect an increase and only 11 percent anticipate a decline.
SilkRoad, a provider of HR software solutions to SMB and enterprise-level businesses, recently selected JPMorgan Chase & Co and Piper Jaffray Cos to lead an IPO later this year, hoping to piggy-back on the IP of Workday Inc., a cloud-based financial management and human capital management software vendor, which raised $637 million in October... Read More
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