mercredi 11 novembre 2026

Analytical Framework of Initial Public Offerings (IPOs): Price Formation, Market Dynamics, and Early-Stage Valuation Regimes

Analytical Framework of Initial Public Offerings (IPOs): Price Formation, Market Dynamics, and Early-Stage Valuation Regimes by Djibril Chimère DIAW

Djibril Chimère DIAW

Dedication

To

my mother Marème Fall
my father Amadou Chimère Diaw

my wife Isabelle Diaw

my children
Fatou-Chimère Diaw, Ahmadou-Chimère Diaw,
Marième-Chimère Diaw, Aïssata-Chimère Diaw .

my grandparents
Fatou Methiour Ndiaye & Waly Sega Fall
Fatou Faye & Souleymane Chimère Diaw

Teachers

To those who shall come into the world a century after me, beginning in the year two thousand and seventy-two.



The initial public offering represents one of the most singular moments in contemporary financial markets. It concentrates, within a very short time span, phenomena that are usually distributed over years: price discovery, confrontation between expectations and reality, liquidity formation, and the emergence of new valuation equilibria.
In this context, the IPO cannot be reduced to a simple listing event. It constitutes a dynamic process through which the market progressively constructs a collective representation of value for a company that is still insufficiently historically observed. This construction is simultaneously quantitative, behavioral, and narrative in nature.



EN: https://archive.org/details/analytical-framework-of-initial-public-offerings-ipos