(or minimisation of underpricing). The implications of these findings for Chinese policy makers and local as well as … foreign investors are significant. The high level of underpricing leads to a wealth transfer but it can be rationalised as an … the wealth transfer more equitable. The combination of a high level of underpricing and a small offer price makes the IPOs …

public offerings listed in Indian stock market. We document a positive relationship between underpricing and subscription …

privatization policy over time by underpricing, selling a high fraction at the initial offer and underpricing more when selling to …

The phenomena of IPO underpricing and underperformance are examined in the same rational model. In this model …, underpricing is caused by the presence of uninformed investors. Low-type firms carry out an IPO under the same conditions as high …

codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated markets, where … underpricing declined on Member State-regulated markets after Member States adopted corporate governance codes containing SOX …-like provisions. We do not find a similar reduction in IPO underpricing on exchange-regulated markets. Our results are robust to …