Valuation of post-IPO delisting risk

The article considers the factors influencing the survival of companies that went public on the NASDAQ stock exchange during the period from 2009 to 2014. By constructing a semi-parametric logistic regression, the three most significant variables that determine the risk of delisting, including the overpricing and underpricing phenomenon of shares on the first trading day, as well as the duration of the lock-up period, were determined. These results contribute to the forecasting of the effectiveness of newly published companies, picturing the image of the most viable IPOs.