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Determinants of Book Built IPO underpricing : differential issue size and market momentum approach revisited

Suresha B.; Nayak, Surekha; Krishna T. A.; Thomas, Rejoice - In: Cogent economics & finance 11 (2023) 2, pp. 1-18

markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer … underpricing by considering a sample of 180 Book Built IPOs that went public in India between 2011 and 2020. The determinants were … capabilities of firm-specific and market momentum factors for underpricing using OLS models. Concerning the differential issue size …

Persistent link: https://www.econbiz.de/10014501010

Earnings management and listing day performance of IPOs in India

Mangala, Deepa; Dhanda, Mamta - In: Journal of accounting in emerging economies : JAEE 12 (2022) 5, pp. 812-839

Persistent link: https://www.econbiz.de/10013373394

Allocation discretion, price discounts and returns in Turkish initial public offerings

Tutuncu, Lokman - In: International journal of Islamic and Middle Eastern … 15 (2022) 5, pp. 865-883

Persistent link: https://www.econbiz.de/10013375363

Characterizing the Risk of IPO Long-Run Returns : The Impact of Momentum, Liquidity, Skewness, and Investment

Carter, Richard B. - 2012

We study 6,686 IPOs spanning the period 1981-2005 and find that the new issues puzzle disappears in a Fama-French three-factor framework. IPOs do not underperform in the aftermarket on a risk-adjusted basis and do not underperform a matched sample of non-issuers. IPO underperformance is...

Persistent link: https://www.econbiz.de/10013116834

An Examination of IPO Secondary Market Returns

Bradley, Daniel - 2011

increase as a percentage of total underpricing. We explore several non-mutually exclusive hypotheses to explain our findings …

Persistent link: https://www.econbiz.de/10013123895

Investor Sentiment and Seasoned Equity Offerings

Deng, Xiaoying - 2012

underpricing. High sentiment periods are followed by low long run returns suggesting that sentiment does not proxy for unobservable …

Persistent link: https://www.econbiz.de/10013104840

The Long-Run Performance of Italian IPOs : The Case of Banking Firms

Arcuri, Maria Cristina - 2013

, recent studies prove anomalies in the short-term yields (underpricing) of banking IPOs, which have a lower underpricing than …

Persistent link: https://www.econbiz.de/10013089065

The Long-Run Performance of IPOs in Italy : A Comparison of Venture and Non-Venture-Backed Companies

Rossi, Fabrizio - 2013

who have developed a vast literature on long-term underpricing and underperformance, which together with hot and cold …

Persistent link: https://www.econbiz.de/10013089376

IPO First-Day Returns, Offer Price Revisions, Volatility, and Form S-1 Language

Loughran, Tim - 2013

Form S-1 is the first SEC filing in the initial public offering (IPO) process. The tone of the S-1, in terms of its definitiveness in characterizing the firm's business strategy and operations, should affect investors' ability to value the IPO. We find that IPOs with high levels of uncertain...

Persistent link: https://www.econbiz.de/10013090468

The Performance of Venture Capital Investments : Do Investors Overreact?

Achleitner, Ann‐Kristin - 2013

Using a unique proprietary data set of over 5,400 realized and unrealized venture capital investments between 1980 and 2005, we examine the impact of supply-related factors, i.e. money provided by VC investors, as well as demand-related factors, e.g. entrepreneurial activity, on the return of...

Persistent link: https://www.econbiz.de/10013091217