Tan, Ruth Seow Kuan; Eng, Li Li; Khoo, Andrew - In: Applied Financial Economics 9 (1999) 5, pp. 491-499
In this study, we look at the effects of using different offering methods and examine whether the auction system is a better way of rationing IPOs in the sense of reducing the degree of underpricing. Preliminary findings show that IPOs offered via the auction system appear to have lower...
