Why do companies go public at MTFs? An empirical analysis of the Swedish market
MetadataVis full innførsel
- Master of Science 
This thesis sets out to highlight the motivations to list at a multilateral trading facility rather than a regulated market. I use a sample of Swedish companies going public between 2007 and 2013 to document the difference in characteristics of the companies using regulated and unregulated markets. I find that companies using unregulated markets do so to finance growth opportunities to a higher degree than what is the case for companies listing at regulated markets. I also find that the cost of capital decreases more after the IPO of a company listing at an unregulated market. My results suggest that making public equity financing more available enables young companies to get the funding needed to invest in growth opportunities.
Masteroppgave(MSc) in Master of Business, Handelshøyskolen BI, 2017