Chi, Jing; McWha, Matthew; Young, Martin - In: International Review of Financial Analysis 19 (2010) 3, pp. 172-180
This paper studies the performance and the survivorship of New Zealand IPOs for the period 1991 to 2005. We find that the commonly reported features of IPOs, such as underpricing and underperformance, exist in New Zealand, with the level of underpricing declining in recent years. We find that...
