, but decrease the underpricing because of reduced asymmetric information. Our main results corroborate these hypotheses … underpricing of 6 pp, which is related to a reduced offer price adjustment. This supports our hypothesis that SOX represents a …

The phenomenon of initial public offering (IPO) underpricing has been extensively researched in the literature, however …, the underpricing of family firms has received little attention. This is even more prevalent when it comes to underpricing … of family firms in an emerging market such as the Saudi Arabian market. This study explores the IPO underpricing …

first time to general public, is known as initial public offering (IPO). The underpricing phenomenon and ownership structure … structor and initial underpricing for both group of IPOs. Methods: Event study methodology is used to compares short- and long … for investigating the relationship betwen underpricing and ownership structure for both group of IPOs. Results: We find …

bajo el término underpricing. El grado de underpricing varía en los mercados. En estudios realizados en Estados Unidos, se … han encontrado rendimientos del 36%, mientras que en China se ha tenido un underpricing del 298% y en Alemania del 46%. En … en el mercado mexicano existe una situación de underpricing en las IPO. …

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 …

underpricing. How to develop scientific and reasonable IPO pricing, and reduce the high IPO underpricing has become a major … Initial public offering (IPO) pricing and underpricing models with investors' heterogeneity based on different issuing … mechanisms and provide a comparative analysis. Results: Firstly, our models show that IPO underpricing will not be eliminated by …

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 …