Property initial public offerings: regulations, costs and price reactions
Marcus Gerbich
(PhD candidate, City University Business School, London, UK)
Mario Levis
(Professor of Finance, City University Business School, London, UK)
Piers Venmore‐Rowland
(Professor of Property Valuation and Management, City University Business School, London, UK)
1393
Abstract
Summarizes the regulatory environment and practices for providing a property company with a public listing. Furthermore, reports evidence of the direct and implied costs of undertaking a property initial public offering. The results indicate that choice of issue method and timing are key decisions to be made by property company financial managers.
Keywords
Citation
Gerbich, M., Levis, M. and Venmore‐Rowland, P. (1995), "Property initial public offerings: regulations, costs and price reactions", Journal of Property Finance, Vol. 6 No. 1, pp. 38-54. https://doi.org/10.1108/09588689510088177
Publisher
:MCB UP Ltd
Copyright © 1995, MCB UP Limited