Cai, Kelly Nianyun; Lee, Hei Wai; Valero, Magali - In: Journal of Business Research 63 (2010) 12, pp. 1317-1323
We examine the underpricing of U.S. firms that went public globally (Global IPOs) between 1986 and 2003. Our results suggest that, when compared to their peers that went public at home, U.S. issuers did not enjoy an advantage in issue costs from their global offerings. Their offers experienced...