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Asymmetric effect of media tone on IPO underpricing and volatility
Zou, Gaofeng; Li, Han; Meng, J. Ginger; Wu, Chunying - In: Emerging markets, finance & trade : a journal of the … 56 (2020) 11, pp. 2474-2490
Persistent link: https://www.econbiz.de/10012262830
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Are IPOs of Different VCs Different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper sets out to analyze the influence of different types of venture capitalists on the performance of their portfolio firms around and after IPO. We investigate the hypothesis that different governance structures, objectives, and track records of different types of VCs have a significant...
Persistent link: https://www.econbiz.de/10010297354
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Are IPOs of different VCs different?
Tykvová, Tereza; Walz, Uwe - 2004
This paper aims to analyze the impact of different types of venture capitalists on the performance of their portfolio firms around and after the IPO. We thereby investigate the hypothesis that different governance structures, objectives and track record of different types of VCs have a...
Persistent link: https://www.econbiz.de/10010298255
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Learning and signalling in the French and German venture capital industries
Stolpe, Michael - 2003
This paper analyses the efficiency of venture capital and its impact on primary equity markets in France and Germany. It shows that venture capital operates according to the signalling model in France and according to the learning model in Germany. Only the learning model can serve as a...
Persistent link: https://www.econbiz.de/10010265598
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Who knows what when? The Information content of pre-IPO market prices
Löffler, Gunter; Panther, Patrick F.; Theissen, Erik - 2002
To resolve the IPO underpricing puzzle it is essential to analyze who knows what when during the issuing process. In … midpoint of the bookbuilding range and the offer price. The pre-issue prices explain a large part of the underpricing left … underpricing suggests. …
Persistent link: https://www.econbiz.de/10010316258
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An examination of short-run performance of IPOs using Extreme Bounds Analysis
Mumtaz, Muhammad Zubair; Smith, Zachary A.; Ahmed, … - In: Estudios de economía 43 (2016) 1, pp. 71-95
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 …
Persistent link: https://www.econbiz.de/10011504407
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Private information, investor sentiment, and IPO pricing : which institutional investors are better informed?
Funaoka, Kenta; Nishimura, Yusaku - In: Emerging markets, finance & trade : a journal of the … 55 (2019) 8, pp. 1722-1736
Persistent link: https://www.econbiz.de/10012210902
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Essays on the valuation, underpricing, and timing of initial public offerings : evidence from Germany
Petersen, Markus - 2007
Persistent link: https://www.econbiz.de/10003942923
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Towards an optimal IPO mechanism
Huibers, Fred E. - In: Journal of risk and financial management : JRFM 13 (2020) 6/115, pp. 1-14
Concerns about the negative consequences of the excessive underpricing of the current arrangement in the initial public … discovery and the cost of underpricing. The main aim of this paper was to gain new scientific knowledge about this trade-off by … investors to reliably contribute to price discovery. The resulting underpricing (and its variability) of these auctions is …
Persistent link: https://www.econbiz.de/10012305138
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US exchange upgrades : reducing uncertainty through a two-stage IPO
Cole, Rebel A.; Floros, Ioannis V.; Ivanov, Vladimir I. - In: Journal of financial intermediation 38 (2019), pp. 45-57
Persistent link: https://www.econbiz.de/10012269640