Chang, Eddy; Chen, Chao; Chi, Jing; Young, Martin - In: Emerging Markets Review 9 (2008) 1, pp. 1-16
This paper divides Chinese A-Share IPO initial returns into the initial return in the primary market and in the secondary market. Our empirical evidence shows that the initial abnormal return in the secondary market is significantly positive. This study also finds that 1) the initial return in...
