initial underpricing is 7'324% for minerals, 62.31% for oil and nuclear fuel, and 1.12% for multimedia industries. Finally … determinants of initial underpricing of Iranian IPOs. As such, the results yield strong support for the signaling hypothesis as … possible explanation for the underpricing phenomenon on the Iranian IPO market …

I find that U.S. IPO prospectus disclosure exhibits significant correlation with first day underpricing, consistent … with theories of underpricing as caused by informational asymmetry. In particular, a 1 standard deviation increase in … positive prospectus disclosure is associated with almost a third reduction in first day underpricing. More disclosure also has …

insight into how this market event occurs. The study aims at establishing if initial public offer underpricing exists in the …

The underpricing of initial public offerings (IPOs) is a deeply investigated phenomenon, commonly explained with … asymmetric information and risk. Ellul and Pagano (2006) first linked the underpricing with liquidity proxies like liquidity risk …-initiated block trade, and the underpricing to the price pressure effect of the trade itself, which means the price for the liquidity …

IPO underpricing, which serves as a compensation to the initial bond investors. We construct four proxies for the conflict … underpricing, indicating that the loan structure of firms has a real impact on the pricing of their bond IPOs. …

This is an empirical study that examines the underpricing and aftermarket long-term performance of IPOs in China and … IPO underpricing. Corporate governance aspects that may play a role in IPOs, such as ownership structure and external …

price discovery using underpricing analysis. The study is based on sample of 1110 IPOs which comprises 526 SME IPOs and 584 … analysis suggests that SME IPOs are more efficient in terms of underpricing. Further, the demand levels in case of SMEIPOs are …

This paper examines the impact of expected skewness on IPO underpricing based on a comprehensive set of 17,051 IPOs …

activity have a significantly lower level of underpricing than IPO firms without export activity after controlling for all …