Long-Term Effect of IPO Underpricing on Aftermarket Liquidity [PDF]
This research examines the long-term effect of IPO underpricing on the aftermarket liquidity for firms that decided to go public on the IDX between the period of 2016 to 2019.
Karyono Almanda Vallerie +2 more
doaj +1 more source
FACTORS AFFECTING IPO UNDERPRICING
One of the means for companies to carry out an initial offering of shares or what is commonly known as an Initial Public Offering (IPO) in the primary market. In conducting an initial share offering there is an underpricing phenomenon. Underpricing is a phenomenon where the initial offering price of shares is lower than the closing price of shares on ...
Darryl Darryl, Yusbardini Yusbardini
openaire +1 more source
EFFECT OF ACCOUNTING INFORMATION AND NON-ACCOUNTING INFORMATION ON UNDER-PRICING IPO AND FIRM VALUE: A STUDY OF COMPANIES LISTED ON THE INDONESIA STOCK EXCHANGE DURING PERIOD OF 2008-2014 [PDF]
Underpricing phenomenon occurs in stock markets in the world, including in the UK, in Australia, in the United States, in South Africa, in Korea in, China, in Malaysia and in Indonesia. Previous studies that discussed the effect of Accounting Information
Budianto K. +3 more
doaj +1 more source
Air pollution, bid price bias, and IPO underpricing
We examine the impact of air pollution on underpricing of initial public offerings (IPOs) and its underlying mechanisms. Our findings suggest that IPO underpricing increases when air pollution is more severe in cities where bidding investors are located.
Qi Wang +3 more
doaj +1 more source
The price of rapid exit in venture capital-backed IPOs [PDF]
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
core +3 more sources
IPO Stock Performance amidst the COVID-19 Pandemic: Has It been Undervalued?
The purpose of this study is to examine the underpricing phenomenon from IPO firms listed in Indonesia Stock Exchange during the COVID-19 pandemic. Using purposive sampling method, 34 IPO firms after the announcement of pandemic COVID-19 were selected as
Randy Kuswanto
doaj +1 more source
Long-Run Pricing Performance of Initial Public Offerings (IPOs) in Pakistan
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 EPS, PROCEEDS, SERTA REPUTASI UNDERWRITER TERHADAP UNDERPRICING [PDF]
This study was conducted to prove the influence of eps, proceeds, and underwriter reputation to the underpricing in companies doing an IPO (Initial Public Offering) in the period from 2011 to 2013.
Raisa Aningtya, Jubaedah Jubaedah
doaj +2 more sources
Enterprises’ R&D Investment, Venture Capital Syndication and IPO Underpricing
Based on the data of companies that got ChiNext listed from 2009 to 2018, this paper empirically studies the relationship among R&D investment, venture capital (VC) syndication and IPO underpricing.
Xuemeng Guo, Kai Li, Siyi Yu, Bolu Wei
semanticscholar +1 more source
Presence of analyst before IPO and underpricing: a Meta-analysis.
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
doaj +1 more source

