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| Type | Master's Thesis |
| Scope | Discipline-based scholarship |
| Title | Long-term performance of healthcare IPOs in the London Stock Exchange between 2013 and 2017 |
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| Institution | University of Zurich |
| Faculty | Faculty of Business, Economics and Informatics |
| Number of Pages | 24 |
| Date | 2022 |
| Abstract Text | The initial public offerings of healthcare companies at London Stock Exchange during 2013 to 2017 have been faulty long-run investments both for institutional and retail investors. By analyzing the stock performance of each issuing firm in the timeline of 3 years after the initial IPO date, the returns of investors have been severely reduced. From the derived results, it is evident that healthcare IPOs indicate much lower performance than their matching firms, that have been chosen according to specific criteria, and the alternative benchmarks that have been used to compare the returns and extract valid conclusions. The research shows positive returns by investing to the matching firms and the benchmarks. Both these trends are in consonance with the results of international empirical studies and published journal papers. |
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