Sieradzki, Rafał - Narodowy Bank Polski - 2013
. Using leverage did not help much to boost returns. Not surprisingly the highest initial returns yielded IPOs of private … NewConnect platform. This observation goes against information asymmetry theories of IPOs underpricing. Also the abnormal initial … return was the highest in case of the latter companies. Four determinants of IPOs underpricing proved to be significant at 0 …