market timing in the firm’s decision to go public, it was seen that firms had shown an unwillingness to come up with an IPO … IPO process; however, political connections and donations mitigate this effect. Third, the research in this domain is … still at a very nascent stage and is mainly restricted to China and the US. Thus, we believe that there are several areas …

We analyze the interaction between management and investors during Chinese IPO roadshows through Jaccard Similarity … relatively large first-day underpricing. We further show that high agreement biases investors to systematically overestimate IPO …

Previous research suggests that internationalization affects initial public offering (IPO) performance in the short … term, but it less is known about the founders' role in the relationship between internationalization and IPO performance … internationalization on IPO performance of newly listed companies. The samples included 80 international firms listed in Thailand stock …

assess their “neurotic” tendencies. The results show that for single fund managers, IPO discounting is more common among … among fund manager behavior on the Chinese WeChat social media service, IPO discounting, and earnings volatility. Based on … data such as WeChat profile pictures, nicknames, and information transparency from the WeChat messages of fund managers and …

). We do this by using the 5B-IPO program of the SEC as our instrument to define a small firm. Having identified small firms …, we test the three IPO anomalies to see if small firms differ from large firms along these dimensions. We find that 5B …

This article examines the factors that determine IPO success in raising equity capital, and how this success translates … pre-IPO profitability is a strong and positive signal for investors that translates into a higher offer price and … therefore determines the success of the issuance. However, companies with high IPO success do not provide investors with better …

clientele of sophisticated investors, consistent with Shiller's Impresario Hypothesis. Our pre-IPO bubble (1981-1996) empirical … results yield evidence supporting both selling mechanisms. Under-demanded small IPO issues are "pushed" by the brokers, while … some under-demanded large IPO issues instead increase the offer price, with large first-day turnover characteristics of …

further explains the cause of the high IPO underpricing long-standing in China. …Background: Compared with the fixed-price mechanism, the bookbuilding mechanism has not changed the Chinese IPO high … underpricing. How to develop scientific and reasonable IPO pricing, and reduce the high IPO underpricing has become a major …