Steen, Adam; Kalev, Petko; Turpie, Keith - In: Multinational Finance Journal 5 (2001) 2, pp. 149-154
This article builds on an earlier study by Choi and Nam (1998) on the initial price performance of Public Sector Initial Public Offerings PIPOs in 30 countries. They report that, in general, PIPOs are more underpriced than private sector IPOs. Our study of the Australian market suggests the...