We document that investor sentiment is positively related with pre-SEO overpricing and plays an important role in managers' equity issuance decisions. Further, we provide evidence that investor sentiment impacts the SEO discounting and underpricing. High sentiment periods are followed by low...

We analyze and compare the underpricing and buy-and-hold abnormal returns of depositary receipt equity offerings with preceding domestic seasoned equity offerings of the same firms to identify differences and motivations for cross-listings and domestic equity offerings free of any matching bias....