HBSP (USA)
-
A Cheaper Way to Do IPOs
Jones, Howard; Stucke, RudigerArticle HBS-F1311B-EAccounting and ControlInitial public offerings are expensive, and many owners turn to M&A instead. But a little-understood mechanism known as a tax receivable agreement can offset the high costs of an IPO offering. Investment banks and private equity firms are already using this tool; other companies should, too.Starting at €8.20