Banca de QUALIFICAÇÃO: ISAAC BARROS DIAS FREIRE

Uma banca de QUALIFICAÇÃO de MESTRADO foi cadastrada pelo programa.
STUDENT : ISAAC BARROS DIAS FREIRE
DATE: 29/11/2024
TIME: 08:30
LOCAL: https://meet.google.com/ftt-xugw-msf
TITLE:

Ipo withdrawal in the Brazilian stock market

KEY WORDS:

IPO, IPO withdrawal, Initial Public Offering

PAGES: 32
BIG AREA: Ciências Sociais Aplicadas
AREA: Administração
SUBÁREA: Ciências Contábeis
SUMMARY:

This research examines the withdrawal of initial public offerings (IPOs) in the Brazilian stock market, analyzing the occurrence and factors related to this decision. The study explores the reasons that lead companies to cancel IPO processes, as well as the consequences of this withdrawal for future capital issuance. Based on a sample of 215 IPOs initiated between 2016 and 2023, of which 58% were canceled, the research uses a logistic regression model to identify factors that increase the likelihood of cancellation, such as CEO duality, firm age, and market conditions. In addition, the impact of withdrawal on the subsequent attempt to raise funds is evaluated, based on the hypothesis that companies that cancel their IPOs may face greater challenges in future issuances, including longer terms and smaller amounts raised when compared to issuances with a similar profile. The study contributes to the literature by filling the gap on canceled IPOs in Brazil and providing insights for investors and managers about the risks and benefits of this decision.

COMMITTEE MEMBERS:
Presidente - 4966048 - RAIMUNDO MARCIANO DE FREITAS NETO
Interno - ***.462.764-** - MARCELO DANIEL ARAUJO ERMEL - NÃO INFORMADO
Externo à Instituição - LUCAS AYRES BARREIRA DE CAMPOS BARROS - USP