This paper analyses the Initial Public Offering (IPO) on Neuer Markt (NM), the German Stock Exchange for young, innovative, fast growing companies. The study is based on a statistical survey of the firms listed in NM in June 1998. The paper's particular focus is on the description of the companies' characteristics, i.e. age, number of employees, business segments and sales revenues before IPO. These findings are compared with new data from 1999.
Small Business Economics – Springer Journals
Published: Oct 3, 2004
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