-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 …

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 …

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 …

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 …

study extends the existing literature concentrating on the degree of underpricing over a 3-month period lasting from the … listing date to the 3-month anniversary showing significant evidence of IPO underpricing. The analyses support the investors … explanatory variables of IPO underpricing. The study finds that the aftermarket risk level of the IPO, the oversubscription ratio …

This paper separates the amount of IPO underpricing (primary market underpricing) and overvaluation (secondary market … determinants. Using data on the IPOs of 948 Chinese firms, we find that average initial returns are 66% and that underpricing and … return. Value uncertainty in IPOs is positively related to both underpricing and overvaluation, and both the underwriter …

This article aimed to analyse the factors that influence the level of underpricing of an initial public offering (IPO … 2019. We discuss the theories that explain IPO underpricing and the research conducted so far on the Polish market. In the …-unrecognised factors determining IPO underpricing, which is a contribution to the current research on WSE trends. Our findings point to …

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