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Over-allotment options in IPOs on Germany's Neuer Markt : an empirical investigation

Franzke, Stefanie A.; Schlag, Christian - 2003 - This version: September 28, 2003

. Although we carefully control for potential endogeneity problems, we find virtually no evidence for a reduction in underpricing … for firms using over-allotment arrangements. Furthermore, we do not find evidence for more pronounced price stabilization …

Persistent link: https://www.econbiz.de/10009767115

An option to cheat : an application of option theory to realize flipping in underpricing

Stojkovic, Jovan - 2013

underpricing in IPOs through the use of a structural approach mode. The outcome is a proxy value that replicates investors …' flipping behavior. When tested empirically, the model predicts that on average 25% of underpricing exists to protect long …

Persistent link: https://www.econbiz.de/10010258983

Why do IPO issuers grant overallotment options to underwriters?

Jiao, Yawen; Kutsuna, Kenji; Smith, Richard Lester - In: The journal of corporate finance : contracting, … 44 (2017), pp. 34-47

Persistent link: https://www.econbiz.de/10011751933

Security design of callable convertible bonds and issuers' external financing costs

André-Le Pogamp, Florence; El Badraoui, Khalid - In: Brussels economic review 56 (2013) 1, pp. 61-81

Persistent link: https://www.econbiz.de/10010399149

Initial offerings of options

Müller, Sigrid M. - 2001

This paper considers the introduction of stock options in an (dynamically) incomplete securities market made up of a riskless bond and the stock. The stock price follows a geometric Brownian motion with constant drift. However, there is incomplete information about the unknown stochastic...

Persistent link: https://www.econbiz.de/10009613613