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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
This article aimed to analyse the factors that influence the level of underpricing of an initial public offering (IPO … 2019. We discuss the theories that explain IPO underpricing and the research conducted so far on the Polish market. In the …-unrecognised factors determining IPO underpricing, which is a contribution to the current research on WSE trends. Our findings point to …
Persistent link: https://www.econbiz.de/10012435564
underpricing at 1% significance level leading us to conclude that SEOs in India are significantly underpriced. Analysis of abnormal …
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markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer … underpricing by considering a sample of 180 Book Built IPOs that went public in India between 2011 and 2020. The determinants were … capabilities of firm-specific and market momentum factors for underpricing using OLS models. Concerning the differential issue size …
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This article examines the factors that determine IPO success in raising equity capital, and how this success translates into investor success. The study is based on a sample of IPOs on the Warsaw Stock Exchange from 1998 to 2011. We find that pre-IPO profitability is a strong and positive signal...
Persistent link: https://www.econbiz.de/10011890952
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 …
Persistent link: https://www.econbiz.de/10012104631