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 …

The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles … Covid-19 pandemic with a focus on the Turkish IPO market. Measuring the underpricing and aftermarket performance of IPOs … examine how underpricing and aftermarket performances are influenced by Covid-19 and some uncertainty proxies, such as some …

Along with the European Union, policymakers in Turkey passed a regulation that mandated all listed companies use the … aftermarket trading performance of initial public oferings (IPO) in Turkey from 1998 to 2019. The results show that the IFRS … may imply that Turkey's secondary market also sufers from information asymmetry and that IFRS-compliant reports help …