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New Economy Equity Offers in Australia. Edition No. 1
VDM Publishing House, May 2008, Pages: 248
A vibrant new economy sector in Australia emerged during the last decade of the 20th century. Australian new economy companies operate in an array of industries, including software and technology hardware development and biotechnology research. This book provides a systematic analysis of the characteristics and share returns performance of new economy companies in Australia. Initial and long-term returns of new economy companies listed during the hot-issue market prior to April 2000 and during the subsequent cold-issue market are documented. Publicly available information is used to explain the returns following new economy equity offers. This book also investigates the probability of a new economy company going public and the probability of seasoned equity offers by sucessfully listed new economy companies. The results should be of interest to anyone involved in empirical research in finance as well as to investors seeking diversification into new industries and markets.
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