In the process of global financial crisis, short sale transactions were banned at the countries having a developed capital markets to protect consumers and financial system. The U.S. Securities and Exchange Commission and U.K. Financial Services Authority were the leading regulators adopted such...

Underpricing of Initial Public Offerings (IPO) has always been a big deal to see the money left on the table by the issuers. This study analyzes the after-market performances of IPOs observed in 2006-2011 period in Istanbul Stock Exchange (ISE). Besides looking at the period as a whole, we...