Renneboog, Luc; Goergen, M.; Khurshed, A. - Tilburg University, Center for Economic Research - 2006
IPOs on the EuroNMs have shown very high underpricing.The majority of these IPOs possess specific characteristics such as lock-up agreements, venture-capital financing, ownership by the underwriter and over-allotment options.We study how these characteristics influence the underpricing of firms...