Friday, August 14, 2015

Survey Says: Gesticulate Wildly During Your IPO Roadshow

OMG this is so true.
Back when insurance companies were demutualizing I remember one CEO who, at the end of the show, got on top of a table and started chanting the proposed stock symbol. I've never forgotten the spectacle.
From Dealbreaker:
That is, if you want your stock to price roughly 10% more than it’s worth. It’s science, and cheaper than plastic surgery.

The more a chief executive’s gestures and manners exude competence during investor pitch sessions, or the CEO is viewed as attractive or trustworthy, the more likely he or she is to have a higher-priced IPO, according to the study conducted by Elizabeth Blankespoor of Stanford University’s Graduate School of Business, Bradley Hendricks of the Kenan-Flagler Business School at the University of North Carolina at Chapel Hill, and Gregory Miller of the Stephen M. Ross School of Business at the University of Michigan….MORE