Purpose: We investigate the impact of board diversity on initial public offering underpricing and firm value. Design …/methodology/approach: We examine the relationship between board diversity and IPO underpricing by collecting data on the board size and …-day return (35.24%), similar to the results of previous studies on IPO underpricing, but the underpricing decreases with an …

The larger underpricing (15 percent) in the early years following the inauguration of Borsa Istanbul indicates the … markets. The underpricing in recent years (from 2010 to 2020) averages 5 percent. Micro-level uncertainties about the firm as … evidenced by the smaller underpricing in IPOs marketed using fixed offer prices, and the IPOs where underwriters signed on for …

We investigate the level of underpricing and the long-term stock market performance of financial exchange initial … stock exchange IPO underpricing is positively related to the firm's long-run stock returns. We argue, among others, that the … cost of leaving too much money on the table. Interestingly, both underpricing and long-run returns of stock exchange IPOs …