Valuing IPO’s using EV/EBITDA multiple in the Brazilian market

This paper verified whether the EV / EBITDA multiple of comparable firms (belonging to the same industry) are good parameters for pricing firms in their initial public offering (IPO’s). There were 116 IPO’s in the Brazilian market between 2004 and 2014. After the exclusions (financial firms, firms w...

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Bibliographic Details
Main Authors: Anatoli Dias Orlovas, Ricardo Goulart Serra, Liliam Sanchez Carrete
Format: Article
Language:Portuguese
Published: Universidade Federal de Santa Catarina 2018-12-01
Series:Revista Contemporânea de Contabilidade
Subjects:
IPO
Online Access:https://periodicos.ufsc.br/index.php/contabilidade/article/view/52956