Kenourgios, Dimitris; Papathanasiou, Spyros; Melas, … - EconWPA - 2005
determinants of short-run underpricing of 169 IPOs listed on the Athens Stock Exchange (ASE) over the period 1997-2002. The initial … evidence of significant underpricing. Furthermore, the cross sectional analysis on the determinants of the IPOs shows that both … the underwriters’ prestige and the times of oversubscription significantly affect the underpricing level of the IPOs over …