Fjesme, Sturla Lyngnes; Lv, Jin Roc; Shekhar, Chander - 2023
We document that US IPOs that take place during a world cup in football (soccer), compared to IPOs before or after …, exhibit 9% lower underpricing and 6% lower price adjustment. IPOs during world cups receive less attention from foreign …, and to using various matched samples of non-world cup IPOs. Firm characteristics of world cup IPOs are indistinguishable …