Because IPO mechanisms determine both the initial trading price and the allocation of newly-listed firms' shares, they … fifteen European countries shows the increasing prominence of book-building. Although this IPO mechanism is probably the only … markets, it appears necessary to pursue the harmonisation of IPO procedures and listing requirements that has started with the …

This survey aims at appraising the empirical research conducted on the European IPO markets as of the current date, and … at determining to what extent IPO theories explain European IPO patterns. To that end, we first describe the going public … markets. Second, we review the empirical evidence on initial underpricing, long-term IPO performance and IPO …

Our study investigates by which channels IPO underpricing impacts post-listing liquidity. Using a sample of IPOs …

, Nash and Van Randenborgh (MNR 1994) by using the Wilcoxon and proportion tests to compare the pre- and post-privatization … studies, it has its shortcomings. Indeed, this method is unable to isolate the impact of privatization on firm performance … employed in this paper. Both approaches confirm that privatization in Vietnam brings about significant improvement in most …

Based on a sample of 15 European countries, this survey analyses various features of the European IPO (Initial Public … Offering) market over the period from 1995 to 2004: listing requirements, IPO-mechanism choices, performance and secondary … new issues. The examination of issuers’ practices looks at the increase in the different types of IPO mechanisms in the …