from auction alternatives in recent years, despite significantly lower costs in both direct fees and initial underpricing …

This paper offers a review and discussion of the evidence concerning the underpricing and long run performance of … that underpricing was not followed by underperformance, as is usually observed with IPOs, but rather strong outperformance … main driving force between abnormal returns of British PIPOs. …

This paper investigates the determinants of underpricing at initial public offerings in theHungarian Initial Public … discount at privatization IPOs than at private issues, and a positive relation between underpricing and the proportion of … political objectives by selling shares at discount. Besides, the results show larger initial returns at early IPOs compared to …

and returns. The paper finds, inter alia, that VC returns show sensitivity to the economic cycle. At the same time, it … VC returns follow a power-law. Finally, it employs competing risks models to analyse time-to-outcome data, observing that …