This paper investigates the determinants of underpricing at initial public offerings in theHungarian Initial Public Offerings (IPO) market in 1990-1998, a period of transition from socialist to market economy and immaturity of the domestic capital market. The evidence suggests that political...

This research aims to prove underpricing IPO differences between financial institution and non-financial institution during 2001-2008 period. In addition, this research also examined the causes of underpricing IPOs of financial institution and non-financial institution using asymmetric...

This paper is an attempt to empirically explore the determinants of underpricing of IPOs in the Indian Capital Market. IPOs are one of the largest sources of capital for the firms to invest in the growth opportunities. It encourages investment activities in the economy by mobilizing funds from...

The larger underpricing (15 percent) in the early years following the inauguration of Borsa Istanbul indicates the importance of investors, intermediaries, and firm insiders learning about the trading and pricing of firms in organized stock markets. The underpricing in recent years (from 2010 to...