O impacto do custo de emissão das ofertas públicas no mercado de capitais: análise do mercado brasileiro

Abstract

The financial market is evolving over the years as a new means for companies to raise money using the capital market. In more developed countries, the use of this form of resource capitalization is much more explored than in Brazil. The present work seeks to present the proportion that the cost of issuing public offerings in the capital market has on the capitalized value and on the revenue of the companies using data extracted from the regulatory body of the Brazilian market and the financial statements published by the companies in the IPO and Follow on offers. Seeking to segregate the result based on the size of the capitalization of the company in order to demonstrate the advantages and disadvantages of companies by size. Finally, the work presents the disadvantage of small companies due to their shorter time to market and low recognition in the market.