Nguyen, Hoa; Dimovski, William; Brooks, Robert - Deakin University, Faculty of Business and Law, School … - 2007
In this paper, we provide a comprehensive investigation of 260 initial public offerings (IPOs) in the Australian resource sector for the 1994 – 2004 period. Consistent with the existing IPO literature, we document a 16.13% underpricing return by firms in the sample. Despite the contention that...
