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Who knows what when? The Information content of pre-IPO market prices

Löffler, Gunter; Panther, Patrick F.; Theissen, Erik - 2002

To resolve the IPO underpricing puzzle it is essential to analyze who knows what when during the issuing process. In … midpoint of the bookbuilding range and the offer price. The pre-issue prices explain a large part of the underpricing left … underpricing suggests. …

Persistent link: https://www.econbiz.de/10010316258

Underpricing von IPOs : Analyse der Modelle aus Sicht der Austrian Economics

Vincenti, Aurelio Johann Franz - 2013 - 1. Aufl.

Persistent link: https://www.econbiz.de/10009680302

Underpricing von IPOs : Analyse der Modelle aus Sicht der Austrian Economics

Vincenti, Aurelio J.F. - 2012 - 1. Aufl.

Abstract: Im Mittelpunkt des Werkes steht die Suche nach einer angemessenen Erklärung des Underpricing von … begrenzt.Ein Weg, das vorhandene Theoriegebäude zum Verständnis des Underpricing auszubauen, liegt in der Ergänzung der … bestehenden Interpretationen des Underpricing additiv um eine kausalprozessbezogene Betrachtung entsprechend den Ideen der …

Persistent link: https://www.econbiz.de/10012015208

Investing in Security Price Informativeness : The Role of IPO Underpricing

Brown, David C. - 2016

underpricing strengthens these incentives, resulting in a more informative post-IPO price and higher firm value. Firms' desires for … more informative post-IPO pricing lead to new rationales for IPO underpricing and the intermediating role of underwriters …

Persistent link: https://www.econbiz.de/10013007039

Signaling by underpricing the initial public offerings of primary listings in an emerging market

Čornanič, Aleš; Novák, Jiri - 2013

The signaling hypothesis suggests that firms have incentives to underprice their initial public offerings (IPOs) to signal their quality to the outside investors and to issue seasoned equity (SEO) at more favorable terms. While the initial empirical evidence on the signaling hypothesis was weak,...

Persistent link: https://www.econbiz.de/10009775653

Informed trading, information asymmetry and pricing of information risk: Empirical evidence from the NYSE

Yadav, Pradeep K.; Bardong, Florian; Bartram, Söhnke M. - 2009

We investigate and test hypotheses on how informed trading varies with market-wide factors and the structural and trading characteristics of a firm. We find strong evidence of commonality in informed trading, and a systematic dependence of informed trading on firm characteristics that is largely...

Persistent link: https://www.econbiz.de/10010302554

Informed trading, information asymmetry and pricing of information risk : empirical evidence from the NYSE

Yadav, Pradeep; Bardong, Florian; Bartram, Söhnke M. - 2009

Persistent link: https://www.econbiz.de/10003919367

Information Precision and IPO Pricing

Zhang, Feng - 2012

This paper investigates the role of information precision in IPO pricing. The model shows that more precise information will exert more influence on the offer price. In strong support of the model, I find that the proportion of the industry return during the waiting period that is incorporated...

Persistent link: https://www.econbiz.de/10013116160

Information Asymmetry in the Post-IPO Market : Analysis Based on Shareholding Pattern Data for Initial Public Offerings (IPOs) from India

B., Libison K. - 2012

The theoretical literature on Initial Public Offerings (IPOs) strongly argues for the theory of ‘Information Asymmetry'. The existence of asymmetric information problem is mainly attributable to the lack of trading history for IPO firms and superior information possessed by different entities...

Persistent link: https://www.econbiz.de/10013096713

Investor Awareness or Information Asymmetry? Wikipedia and IPO Underpricing

Boulton, Thomas Jason - 2019

of investor awareness. Specifically, IPO firms with a Wikipedia article exhibit significantly higher underpricing than do …

Persistent link: https://www.econbiz.de/10012902371

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