Brycz, Bogumiła; Dudycz, Tadeusz; Kowalski, Michał J. - In: Efficiency in business and economics : proceedings from …, (pp. 25-37). 2018
This paper examines whether investors use information contained in the prospectus as indicators of firm quality and incorporate this information when pricing an IPO firm, and then it relates these IPO valuations to post-IPO returns. The study is based on a sample of IPO firms that went public on...