Otchere, Isaac; Owusu-Antwi, George; Mohsni, Sana - In: Journal of International Financial Markets, … 27 (2013) C, pp. 76-98
We investigate the level of underpricing and the long-term stock market performance of financial exchange initial public offerings (IPOs) and find that, despite being more underpriced, the financial exchange IPOs significantly outperform the market indexes and a control sample of regular IPOs....
