Essays about: "IPOs underpricing"

Showing result 1 - 5 of 39 essays containing the words IPOs underpricing.

  1. 1. Underpricing and actual return in IPOs

    University essay from

    Author : Gustav Lundberg; Leon Nagy; [2017-08-18]
    Keywords : ;

    Abstract : In IPOs, both the firm and its underwriter might have incentives to underprice the shares. This has caused a perception that investing in IPOs is an easy way to achieve abnormal returns. READ MORE

  2. 2. 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

  3. 3. IPO Underpricing and tech valuation : An empirical study of the Swedish IPO market

    University essay from KTH/Nationalekonomi

    Author : Dennis Berggren; [2017]
    Keywords : IPO Underpricing; Corporate Finance; Technology firms; Valuation;

    Abstract : The closing price first day of trading has historically been found to exceed the offer price set in IPOs, implying that many issuing firms tend to leave money on the table in their IPO. This thesis examines the level of IPO underpricing in Sweden using unique data of IPO transactions on the largest Swedish stock exchanges during 2010-2016. READ MORE

  4. 4. Aftermarket Performance of Micro-Capitalized Initial Public Offerings

    University essay from Stockholms universitet/Företagsekonomiska institutionen

    Author : Fredrik Lüsch; [2017]
    Keywords : IPO; Aftermarket; Performance; Penny; Stock; Aktietorget;

    Abstract : The aftermarket stock price performance of micro-capitalized IPOs with penny stock status is an often-neglected subsample in the IPO research literature. As the markets in which these IPOs are often traded are subject to lower listing and disclosure requirements, there is a higher degree of asymmetrical information between issuers and investors than on more regulated exchanges. READ MORE

  5. 5. Cornerstone Investor Allocation in Initial Public Offerings:Empirical Evidence from the Nordics

    University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansiering; Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Erik Ahl; Shervin Sameni; [2017]
    Keywords : Nordic IPOs; Underpricing; Money left on the table; Cornerstone investors;

    Abstract : The 2014-2016 Nordic hot issue IPO market raised a record SEK 156 billion. 37% of which were raised through the newly emerged mechanism of cornerstone investors, where large portions of new issues are allocated pre-IPO. READ MORE