Essays about: "Cold IPO Markets"

Showing result 1 - 5 of 7 essays containing the words Cold IPO Markets.

1. 1. Showing Off in Initial Public Offerings: The Proportion of Institutional Cornerstone Investors in IPOs and the State of the IPO Market

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Johan Björkman; Samuel Lindström; [2023]
   Keywords : Institutional Cornerstone Investors; Initial Public Offering IPO ; Hot IPO Markets; Cold IPO Markets; Institutional investors;

   Abstract : The paper analyzes the participation of institutional cornerstone investors in initial public offerings (IPOs) using data from NASDAQ Main Market and First North Growth Market in Stockholm between 2015 and the first half of 2023. We identify positive relationships between both hot and cold IPO market periods and the proportion of institutional cornerstone investors in IPOs. READ MORE

3. 2. Hot Bull or Cold Bear? How Market Cycles Affect IPO Underpricing

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Alicia From; Gustaf Sjögren; [2022]
   Keywords : IPO underpricing; bear markets; IPO waves; variability of IPO underpricing; U.S. stock market;

   Abstract : IPO underpricing and its variability is highly cyclical and follows waves, with "hot" and "cold" IPO markets displaying radically different characteristics. Further, during the 21st century, the effect of bear-, and bull markets on stock prices increased. READ MORE

4. 3. Initial Public Offerings in “Hot” and “Cold” Markets - A Study of the Swedish IPO market

   University essay from

   Author : Ikhwan Ali; Patrik Awad; [2020-08-10]
   Keywords : Initial public offering; IPO; hot and cold markets; efficient market; long-run performance; Swedish stock market;

   Abstract : This thesis aims to test if the IPO market differs in hot and cold market conditions in terms of industry clustering, firm characteristics, and long-run performance. The study is conducted on the Swedish IPO market ranging from 1992 to 2020 and 2017 in analyzing the long-run performance. READ MORE

5. 4. Development of SPAC 3.0: Empirical Evidence on SPAC Performance and Moral Hazard

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Hyun Won Yi; Kai Van Eckert; [2020]
   Keywords : Special Purpose Acquisition Company; Regulation; Initial Public Offering; Frictions; Moral Hazard;

   Abstract : Special purpose acquisition companies (SPACs) are shell companies equipped with money raised in an initial public offering (IPO) to identify and acquire a private target within a specified timeframe. For private targets that acquire public status after a merger with a SPAC, SPACs are a reliable and fast alternative route to access public markets. READ MORE

6. 5. UNDERPRICING IN COLD AND HOT ISSUE MARKETS: Testing the Changing Risk Composition Hypothesis on the Swedish IPO Market.

   University essay from

   Author : David Johansson; David Österman; [2017-06-30]
   Keywords : IPO; underpricing; first-day return; changing risk composition hypothesis; hot issue market; cold issue market; going public; risk;

   Abstract : This paper aims to investigate the difference in average first-day return on initial public offerings (IPOs) between the “cold issue” market of 2010-2013 and the “hot issue” market of 2014-2016 on the Swedish IPO market. IPOs during the hot issue market were subject to an average first-day return of 16.57 % compared to 6. READ MORE