| dc.description.abstract | This study set out to establish the challenges that Cooperative Bank encountered in ensuring a 'successful initial public offer. The objectives of the study were to establish the challenges that the IPO managers experienced in the IPO process and the strategies used to overcome them. The data collection was carried out by use of open ended questionnaire and triangulated by content analysis of documents related to the study. Data collected was analysed by use of qualitative and quantitative methods. The presentation used both visual charts and narrative form. The researcher gave recommendations from the findings of the data analysed. The study found that the IPO managers experienced various challenges while managing the process which included logistic, economic, financial and strategic.
The IPO managers applied various strategies to overcome the challenges which included establishment of an IPO centre to coordinate activities, putting together an IPO Steering Committee, centralisation of IPO operations among others. The study recommends that future IPO put together an expert team to oversee the offer well before the issue. Pre-IPO procedures like valuation, audit and accounting should be thoroughly dealt with before issue. It's hoped that future IPO managers will also benefit by planning adequately around the challenges documented. Further the market regulators and brokers will find the findings of this investigation useful in informing their policies and the clients while the study intends to provoke further research in this area for academicians. | en_US |
