The IPO filing volume is positively related to changes in market volatility, especially when market returns are at ‘normal' levels. This is consistent with the view that filing with the SEC gives would-be issuers an ‘option' on market valuations. Creating this option is attractive not only...

This research considers the strategies on the initial public offering of company equity at the stock exchanges in the imperfect highly volatile global capital markets with the nonlinearities. We provide the IPO definition and compare the initial listing requirements on the various markets. We...