Select an IPO that occurred in the last five years and researchit using credible...

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Accounting

Select an IPO that occurred in the last five years and researchit using credible financial publications (e.g., Bloomberg, TheFinancial Times, The Wall Street Journal, The Economist). Referringto your research and analysis of the company’s financial statementsprior to the IPO (found via the SEC EDGAR Company Filings),determine whether you think the IPO was a success. In your post,address the following questions with appropriate support for youranswers:
Did the company value the IPO correctly?
Was the company able to generate additional value forshareholders via the IPO?
What economic and market factors potentially influenced theresults of the IPO?
Do you think the IPO was a success based on your analysis?

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When company decides to go public it is referred to as an IPO ie Initial Public Offering It is a great way for companies to expand their business and raise capital Advantages of an IPO include strengthening capital base easier acquisitions diversified ownership and increase in prestige However it puts pressure on short term growth increases costs imposes more restrictions on management and on trading forces disclosure to the public and makes former business owners lose control on decision making Fitbit Inc is a pioneering developer of wearable fitnesstracking devices They began operations in 2007 and the brand quickly became synonymous with fitness tracking Fitbit device crossed the 1 million mark in 2012 as momentum continued building across the market In June 2015 Fitbits IPO raised around 732 Million for the company and some of its shareholders by selling 366 million shares and gave the San Francisco based company a valuation of about 41 Billion It was marked the third largest US IPO in 2015 Fitbit sold 39 million devices during the See Answer

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In: AccountingSelect an IPO that occurred in the last five years and researchit using credible financial...Select an IPO that occurred in the last five years and researchit using credible financial publications (e.g., Bloomberg, TheFinancial Times, The Wall Street Journal, The Economist). Referringto your research and analysis of the company’s financial statementsprior to the IPO (found via the SEC EDGAR Company Filings),determine whether you think the IPO was a success. In your post,address the following questions with appropriate support for youranswers:Did the company value the IPO correctly?Was the company able to generate additional value forshareholders via the IPO?What economic and market factors potentially influenced theresults of the IPO?Do you think the IPO was a success based on your analysis?