Working Paper

01 July 2011

Regulating IPOs: Evidence from Going Public in London and Berlin, 1900-1913

We revisit debates on the regulation of IPOs by analyzing failure rates of IPOs carried out between 1900 and 1913 on the London and Berlin stock exchanges, two of the leading financial markets during the early 20th century. IPOs were...

David Chambers | Carsten Burhop | Brian Cheffins