تقييم و تسعير الشركات عند التسجيل في البورصة لأول مرة (OPI)‎ : دراسة حالة (الجزائر، تونس، و المغرب)‎ خلال الفترة 2007-2014

الملخص EN

This article has focused on valuation and pricing practices when making an initial public offering (IPO) in the stock exchanges of Algeria, Morocco and Tunisia , from 2007 to 2014.

The main pricing method is the fixed price offer followed by the open price one and the absence of the book building method.

As to the valuation methods used and summarised in the company’s prospectus, the income approach is the dominant one, with the discount free cash flows coming first.