literature explaining the short-run underpricing of IPOs exists, with asymmetric information models predominating. The SEO … stocks, there is some evidence that issuers succeed at timing their equity offerings for periods when future market returns …

Using a large sample of bank seasoned equity offerings (SEO) from 2002 to 2017, we first document detailed descriptive … as well as banks’ desire to hold more capital. The SEO announcement period abnormal stock‐returns reached the lowest … number around the economic crisis, as did the longer‐run 6‐month, post‐SEO cumulative abnormal returns and buy …

This paper conjectures that, just as SEO (seasoned equity offering) firms are likely to face fewer information …