Hakim, Tatiana; Lypny, Gregory; Bhabra, Harjeet S. - In: Journal of Multinational Financial Management 22 (2012) 5, pp. 252-262
We examine stock market reaction to IPO lockup expiration for a sample of 60 companies in the Middle East and North Africa (MENA) region. Lockups in the MENA are set by regulators as opposed to being negotiated between firms and their underwriters, and are typically longer but vary less than...