We study market reactions to seasoned equity issuances that were announced by financial companies between 2002 and 2013. To assess the risk and valuation implications of these seasoned equity issuances, we conduct an event analysis using daily credit default swap (CDS) and stock market pricing...

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...

This study examines the impact of global financial crisis (GFC) on Initial Public Offering (IPO) underpricing in the context of an emerging market from January 2006 to December 2011. Models consist of hierarchical and multivariate regressions have been evaluated. Our results show, firstly, by...