The extremely high A- share under-pricing in China’s primary market provides us with a very interesting area of … empirical research. Previous studies on China’s IPO underpricing have been suggestive, but in-conclusive. A significant decline … in A- share underpricing is found in 2003 relative to previous years (and much less than that recorded in the literature …

codes by Member States of the European Union (EU) have affected IPO underpricing on Member State-regulated markets, where … underpricing declined on Member State-regulated markets after Member States adopted corporate governance codes containing SOX …-like provisions. We do not find a similar reduction in IPO underpricing on exchange-regulated markets. Our results are robust to …

We conduct the most extensive study of underpricing in the euro area bond market so far and find strong evidence of … underpricing. In cross-sectional regressions we find patterns that are consistent with bookbuilding-based theories of underpricing … and inconsistent with liquidity-based explanations. The underpricing has increased considerably during the financial …