Udenka, Arinze Francis - 2013
insight into how this market event occurs. The study aims at establishing if initial public offer underpricing exists in the … earn 4% to 10% higher first day returns than overvalued IPOs, but earn 30% to 50% lower returns over the next 12 months … margins and returns on assets than overvalued IPOs over the period of study, suggesting that any insider trading implicit in …
