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Initial Public Offerings
Book

Initial Public Offerings

Thomson South-Western, 2005 more...

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Editorial Rating

6

Recommendation

This short book, a miniature encyclopedia about the initial public offering (IPO), provides a survey of the field, perhaps best suited for those who are new to the subject. Even though some of his sentences are a bit tangled, getAbstract finds that author Richard P. Kleeburg provides a handy, iceberg-tips introduction to the complexities surrounding IPOs, including a rundown of their advantages and disadvantages, key players and business requirements. He includes a useful bibliography for those who want to take the next step into a deeper understanding of the field.

Take-Aways

  • Many business owners expect to get rich through an initial public offering (IPO), but they don’t realize what sacrifices they will have to make.
  • Loss of control, restriction on management’s freedom and fiduciary responsibilities counterbalance the potential financial gain of going public.
  • Before making a final decision, company owners should consider some financial alternatives to an IPO.

About the Author

Richard B. Kleeburg, C.M.A., M.B.A., J.D., Ph.D. is an internal auditor for a California mortgage. He is cited in the 2004-2005 Who’s Who in Finance and Business.