IPO in Private Equity Finance: Evidence from Poland

AbstractThe purpose of this article is to explore the factors that influence the decision of venture capital and private equity managers to go public in Polish capital market. Research methods cover the comparative analysis of scientific literature documents and reports as well as statistic data. A questionnaire survey was used as one method of data collection. Research results indicate that in Poland as well in the CEE region, the most common exit route for venture capital and private equity-backed companies is trade sale. However, initial public offering (IPO) exit is generally the most preferred by private equity fund managers