financial variables on IPO initial returns and the volatility of initial returns. It is conjectured that oversubscription of …This study examines the impact of firm characteristics, signaling variables and financial variables on IPO initial … returns and the volatility of initial returns. Hierarchical regression is first performed on all the three blocks of variables …

long-run post-IPO performance and its sources in the Central and Eastern European (CEE) markets. We examine over 1100 … effects, the IPO firms do not perform either better, or worse than non-issuing companies. The sources of initial low B …