Greek Shipping IPO

Paper Summary:

The paper explains that an IPO is a first-time, public sale of shares in a corporation and is designed to raise needed funds from a range of investors. The paper focuses on the Greek shipping industry that, while extensive, must still compete against rival shippers. The paper discusses how, because Greece does not have the vast financial resources available to other nations, Greek shippers must look to an initial public offering as a vital means to their survival and continued growth. The paper warns that a Greek shipping company that makes an IPO is not raising funds based solely on its established reputation, but rather entering into an international competition with its strengths and weaknesses. The paper emphasizes that a good IPO is the result of a good company.

From the Paper:

"Though an IPO is but one choice for raising funds, it is highly effective, and has the advantage of being based on presumed corporate assets and projected growth - it is not a direct indebtedness such as a corporate bond. Employment an investment banker, such as J.P. Morgan, is an excellent way of avoiding some of the risks inherent in expansion. The issuance of an initial public offering is tantamount to a company's introducing itself to the public marketplace of investors. Calls for capital on the scale required by the Greek shipping firms involve displaying the company's strengths and weaknesses for all to see - it is an entrepreneurial venture on a global stage."

Sample of Sources Used:

• Carrada-Bravo, Francisco. Managing Global Finance in the Digital Economy. Westport, CT: Praeger, 2003.
• Carroll, Glenn R., and David J. Teece, eds. The Transaction Cost Economics Perspective The Transaction Cost Economics Perspective. New York: Oxford University Press, 1999.
• Childress, Vincent W. "Intermodal Transportation: Current Fast Ship Designs Specify Propulsion Systems That Are about 20 Knots Faster Than Ships in the Current Fleet." The Technology Teacher 64.6 (2005): 15+.
• Daily, Catherine M., S. Trevis Certo, Dan R. Dalton, and Rungpen Roengpitya. "IPO Underpricing: A Meta-Analysis and Research Synthesis." Entrepreneurship: Theory and Practice 27.3 (2003): 271+.
• Gianaris, Nicholas V. Globalization: A Financial Approach. Westport, CT: Praeger Publishers, 2001. Questia. 29 Oct. 2006 <http://www.questia.com/PM.qst?a=o&d=101338493>.

More papers on Greek Shipping IPO:

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• Term Paper # 147335 : "Improving the Public Image of Shipping"

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