The Performance of IPO Equity Valuation Techniques: Recent Evidences from China Stock Market
This paper uses financial forecasts and valuation information provided by lead underwriters to examine the valuation accuracy of Discounted Cash Flow (DCF) and Comparable Firm Multiples Methods on 50 IPOs in China market. The results show that P/E and P/B methods provide more accurate estimation of...
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| Format: | Dissertation (University of Nottingham only) |
| Language: | English |
| Published: |
2011
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| Online Access: | https://eprints.nottingham.ac.uk/25112/ |