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 …

first time to general public, is known as initial public offering (IPO). The underpricing phenomenon and ownership structure … structor and initial underpricing for both group of IPOs. Methods: Event study methodology is used to compares short- and long … for investigating the relationship betwen underpricing and ownership structure for both group of IPOs. Results: We find …

underpricing by 5.4 percentage points. Our evidence suggests that nepotism has real monetary costs for IPO issuers. We also use our … work: we find a strong positive association between IPO underpricing and affiliated allocations, which strengthens when …

We investigate the level of underpricing and the long-term stock market performance of financial exchange initial … stock exchange IPO underpricing is positively related to the firm's long-run stock returns. We argue, among others, that the … cost of leaving too much money on the table. Interestingly, both underpricing and long-run returns of stock exchange IPOs …

underpricing which is ultimately “money left on the table” that negatively influences the health of a company. For this reason …, capital markets have identified some tools to reduce underpricing. The lockup period provision is one of them. Notwithstanding …

-building. We focus on the IPO initial underpricing, long-run performance and after market liquidity problems. 1. We propose that …-determinant for the successful IPO deal completion. We propose the Ledenyov theory on the origins of the IPO underpricing and long … term underperformance effects, which states that the IPO underpricing and long term underperformance can be explained by …

non-privatizations. The lower underpricing of ADR IPOs persists even after differential IPO attributes, the traditional …