Wadhwa, Kavita; Syamala, Sudhakara Reddy; Reddy, V. Nagi - In: Afro-Asian Journal of Finance and Accounting 4 (2014) 1, pp. 75-93
In this paper, we study the underpricing, long-run performance of IPOs and the impact of underpricing on secondary market liquidity of IPOs which were issued in India during the period 2000-2008. The average underpricing for Indian IPOs is 37%. Uncertainty, information asymmetry and investor...