Chen, Hsuan-chi; Guo, Wen-chung - In: Review of quantitative finance and accounting 34 (2010) 1, pp. 59-79
This article analyzes several IPO patterns in the framework of divergence of opinion. Considering a new industry with few publicly traded companies, the investors in this IPO market do not initially have complete knowledge about the industry, but may learn from other IPOs in the sector. Our...
