Zhang, Xiao-cheng; Zhang, Miaomiao; Huang, Shao-an; … - In: Financial innovation : FIN 1 (2015) 11, pp. 1-14
underpricing. How to develop scientific and reasonable IPO pricing, and reduce the high IPO underpricing has become a major … Initial public offering (IPO) pricing and underpricing models with investors’ heterogeneity based on different issuing … mechanisms and provide a comparative analysis. Results: Firstly, our models show that IPO underpricing will not be eliminated by …