Results 21 to 30 of about 9,379 (192)
The price of rapid exit in venture capital-backed IPOs [PDF]
, 2008 This paper proposes an explanation for two empirical puzzles surrounding initial public offerings (IPOs). Firstly, it is well documented that IPO underpricing increases during “hot issue” periods.
A Pástor +51 more
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Long-Run Pricing Performance of Initial Public Offerings (IPOs) in Pakistan
NUST Journal of Social Sciences and Humanities, 2021 This study investigates the long-run pricing performance of 90 IPOs listed on the Karachi Stock Exchange from 1995 to 2010. This study finds evidence that IPOs show signs of underpricing and underperform over three years after listing; however, the ...
Muhammad Zubair Mumtaz +1 more
doaj +3 more sources
Pengaruh Return on Equity, Net Profit Margin, dan Ukuran Perusahaan terhadap Underpricing
Jurnal Kajian Akuntansi, 2018 One of the ways the company to develop its business, namely by means of expansion by making an Initial Public Offering (IPO). Interesting phenomenon at the time the company did an Initial Public Offering is the phenomenon of Underpricing.
Triya Mayasari, Yusuf ,, Agung Yulianto
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Presence of analyst before IPO and underpricing: a Meta-analysis.
Applied Finance Letters, 2021 The effect of analyst presence on underpricing has shown a contrasting result. By synthesizing the result using meta-analysis for twelve studies with more than 20400 firms we found conclusive evidence of the relation between analyst presence and ...
Udayan Karnatak, Chirag Malik
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Factors Influencing IPO Underpricing in Poland
Acta Universitatis Lodziensis. Folia Oeconomica, 2020 We review the theory and evidence on IPO activity and underpricing focusing on the Warsaw Stock Exchange. Although the topic has been under investigation in the past, we believe that the recent decade of low interest rates deserves inquiry.
Przemysław Pomykalski, Piotr Filipiak
doaj +1 more source
Erklärungsansätze zum Underpricing von IPOs in der Schweiz zwischen 2000 und 2016 [PDF]
, 2017 Bei der Notierungsaufnahme (IPO) von Aktien an organisierten Kapitalmärkten lässt sich weltweit ein zum Emissionspreis positiv divergierender Börsenkurs feststellen.
Aggeler, Rafael, Leclerc, Yves
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IPO Underpricing and After-Market Liquidity [PDF]
Review of Financial Studies, 2006 The underpricing of the shares sold through Initial Public Offerings (IPOs) is generally explained with asymmetric information and risk. We complement these traditional explanations with a new theory. Investors who buy IPO shares are also concerned by expected liquidity and by the uncertainty about its level when shares start trading on the after ...
ELLUL, Andrew, PAGANO, MARCO
openaire +2 more sources
IPO initial returns in China: Underpricing or overvaluation?
China Journal of Accounting Research, 2014 This paper separates the amount of IPO underpricing (primary market underpricing) and overvaluation (secondary market overvaluation) from the value of an IPO’s initial return to evaluate the relative importance of these two factors and their main ...
Shunlin Song, JinSong Tan, Yang Yi
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Decoding the impact of political uncertainty on IPO underpricing in China
China Accounting and Finance ReviewPolitical factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. “economic decentralization” and “political centralization”). Given the significant level of IPO underpricing in China,
Yamin Xie +3 more
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Frontiers in Energy Research, 2023 Introduction: Issuance pricing is an important part of the operation of the securities market. Its pricing is directly related to the interests of issuers, investors and underwriters, as well as the regulatory and resource allocation functions of the ...
Xiaohua Zhou, Guan Feng, Yong Ren
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