contributes to the underpricing literature by focusing on the complementary or rather competing role of venture capitalists and …/or underwritten by a top bank are expected to show less underpricing at the initial public offering (IPO) due to a reduced ex …

upon lockup expiration. We argue that this was not a coincidence. Underwriters benefited from underpricing vis …

exhibit underpricing; such studies have also attempted to identify the reasons for this underpricing phenomenon. Utilizing … research and development (R&D) can be important factors that influence IPO underpricing. However, these studies have not … demonstrated how venture capital might function as a moderating force between R&D investment and the underpricing of IPOs. This …

This article analyses the impact of the participation of venture capital (VC) firms on underpricing in 372 businesses … of variables which may affect the extent of underpricing. These include uncertainty inducing factors such as the age … contemporaneous IPOs, underpricing trends and market price movements. Finally in addition to allowing for the impact of underwriting …

We examine the contribution of when-issued trading to price discovery and underpricing in the Indian IPO market … the IPO underpricing. Higher grades for an IPO lead to higher when-issued premiums, which in turn leads to higher … subscription rates. Then, higher subscription rates lead to higher IPO underpricing. Overall, we find that the when-issued trading …

We analyze the nature and causes of short-run underpricing for a unique sample of 591 Initial Public Offers (IPOs … period but not during the bubble years. These years featured significant increases in underpricing, money left on the table … associated with the highest underpricing witnessed during 1998-2000, which provides indirect support for the spinning hypothesis. …