Unlu, Emre; Ferris, Stephen; Noronha, Gregory - In: Applied Economics Letters 11 (2004) 1, pp. 5-9
The changing nature of initial public offering (IPO) underpricing is examined using a sample of 513 IPOs launched in the UK from 1993 to 2001. It is found that the mean UK underpricing is initially less than that in the USA, reverses itself in the mid-1990s, returns to a lower level during the...
