A review on IPO withdrawal

Research output: Contribution to journalReview articlepeer-review


This study reviews and analyses the empirical and theoretical literature on IPO withdrawal. VOSviewer techniques are used to identify relationships of citations, authorship, themes and patterns of the research conducted in this area. My perspective on the current state of IPO withdrawal research is threefold. First, I believe that the phenomenon of IPO withdrawal is not specific to a country, jurisdiction or vintage. Second, considering its economic significance, there is a surprising scarcity of research on IPO withdrawal. Third, existing research predominantly focuses on market level determinants which do not fully explain IPO withdrawal. I argue that promising research will come from non-rational and agency conflict based explanations.

Original languageEnglish
Pages (from-to)200-208
Number of pages9
JournalInternational Review of Financial Analysis
Early online date13 Sep 2018
Publication statusPublished - Mar 2019


  • initial public offering
  • review
  • withdrawal


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