School of Business and Management Department of Finance 209 Hong Kong IPO Market Supervisor: ZHANG Chu / FINA Student: LI Zhuoyun / ECOF Course: UROP1100, Summer An IPO is a significant stage in the growth of many businesses, as it provides them with access to the public capital market and increases their credibility and exposure. The determination of the offering price is one of the key stages in the IPO. In addition to the demand for a company's shares, there are several other factors that determine an IPO valuation, including industry comparable, growth prospects, and the narrative of a company. By studying the relevant prospectus and running the models, it shows the recent Equity to Asset ratio is the most important feature to determine the companies P/B ratio in IPO.
RkJQdWJsaXNoZXIy NDk5Njg=