Neupane, Suman; Poshakwale, Sunil S. - In: Journal of Banking & Finance 36 (2012) 7, pp. 2064-2076
Using data from the transparent Indian IPO setting, the paper examines retail investors’ participation, their influence on IPO pricing and the returns they make on IPO investment. The transparency in the mechanism, which allows investors to observe prior investors’ participation, leads to...