Nayak, Surekha; Thomas, Rejoice - In: Cogent Economics & Finance 11 (2023) 2, pp. 1-18
markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer … capabilities of firm-specific and market momentum factors for underpricing using OLS models. Concerning the differential issue size … of investors. The study's results also revealed that momentum-specific factors have a significant influence along with …