and Second Marché between 1991 and 2004. While studies in the US market shown a lower underpricing and a better long run …

The underpricing of initial public offerings is a well-documented fact of empirical equity market research. Theories … explain this underpricing with market imperfections. We study three empirically relevant IPO mechanisms under almost perfect … report underpricing in each of these IPO mechanisms. Uncertainty about the aftermarket behavior may partly explain IPO excess …

-star coverage are more likely to be chosen to lead the next VC-backed deal. We find a positive relationship between underpricing and … all-star coverage for Top VCs, but not non-Top VCs. Top VCs tolerate higher levels of underpricing because the information … momentum generated by underpricing allows them to cash out at higher prices when the lockup expires …

the moderating effect of venture capital through the interaction of technology and R&D on the underpricing of IPOs in … China’s A-share market. Motivation: The role of technology in IPO underpricing and the moderating influence of venture … capital, R&D, and technology on underpricing of IPO have not been studied; thus, this research aims to fill this gap. Idea …