the time of the IPO in Brazil date back to decade of 1970, from the perspective of the assumptions of hypothesis market …, reapplying the methodology proposed by Casotti and Motta (2008). We used 82 stocks of companies that have done IPO, to compare …

When companies go public to gather financial resources, the stocks they sell in an initial public offering (IPO) tends … to be underpriced, resulting in a substantial price jump on the first day of trading. Underpricing of IPO has attracted … extent of underpricing fluctuate over time. There is a large body of theoretical work explaining IPO underpricing, and most …