Date of Defense
10-29-1993
Department
Finance and Commercial Law
First Advisor
Dr. Robert Balik
Second Advisor
Dr. Inayat Mangla
Third Advisor
Dr. James D'Mello
Abstract
Most businesses when initially formed are private firms. That is, a small group of persons own all of the common stock and this stock is not traded on a stock exchange. As the firm grows the need for additional equity funds, especially common stock, invariably arises. Also, going public allows the "market" to determine the value of the shares of common stock held by the owners of the firm. Two classic examples of private firms that had to go public are WalMart and Microsoft.
Recommended Citation
Javed, Humayun, "Pricing and Performance of Two Initial Public Offerings" (1993). Honors Theses. 2109.
https://scholarworks.wmich.edu/honors_theses/2109
Access Setting
Honors Thesis-Campus Only