We find that the first investment of a private investor in an IPO affects the private investors future participation in IPO’s. This paper examines Nasdaq Stockholms Main list during 2010-2019. The short- and long-term perspective is examined by two different models. The results show that there is a significant difference between private investors when it comes to participating in future IPO’s, depending on if the private investor experienced a good or bad IPO. The result in this paper show that approximately a third more private investors participate in the upcoming IPO after they experienced a good IPO. In a longer perspective approximately 50% of the investors who experienced a good IPO choose to invest in at least one more IPO. Out of the private investors who experienced a bad IPO, approximately 30% choose to participate in another IPO. This paper contribute to a better understanding of how private investors are affected by their earlier investments.
| Identifer | oai:union.ndltd.org:UPSALLA1/oai:DiVA.org:uu-421132 |
| Date | January 2020 |
| Creators | Stoppel, Victor, Pettersson, Albin |
| Publisher | Uppsala universitet, Företagsekonomiska institutionen, Uppsala universitet, Företagsekonomiska institutionen |
| Source Sets | DiVA Archive at Upsalla University |
| Language | Swedish |
| Detected Language | English |
| Type | Student thesis, info:eu-repo/semantics/bachelorThesis, text |
| Format | application/pdf |
| Rights | info:eu-repo/semantics/openAccess |
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