Effects of Venture Capital Mega-Deals on IPO Success and Post-IPO Performance
研究了美国风险投资中金额达1亿美元以上的巨额交易是否向股权投资者传递了质量信号，发现获得此类交易的公司IPO表现更优，上市后业绩也更好。
Venture capital financing rounds with transaction volumes of 100 million US dollars or more have become an integral part of the US venture capital market within the last decade. We aim to determine whether such mega-deals are a quality signal for equity investors in the event of an IPO. Based on a sample of 364 US IPOs, we find that companies that have received a venture capital mega-deal perform, on average, superior IPOs and exhibit favorable post-IPO performance.