Deng, Haini; Dorfleitner, Gregor - In: Applied Financial Economics 18 (2007) 1, pp. 9-22
This article analyses the initial public offering (IPO) underpricing issue of 237 new A-shares from 2002 to 2004, shortly before the IPO suspension in the Chinese domestic market. The data set comes out with an initial return mean of 88.67%, an average market-adjusted initial return of 89.61%...