Essays about: "IPOs underpricing"

Showing result 1 - 5 of 34 essays containing the words IPOs underpricing.

  1. 1. 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

  2. 2. The Role of Venture Capital Backing in the Underpricing and Long-Run Performance of Chinese IPOs

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Jonathan Johansson; Eric Abrahamsson; [2017]
    Keywords : Venture Capital; IPO; Underpricing; Long-run performance;

    Abstract : We investigate the role of venture capital (VC) backing in the underpricing and long-run performance of initial public offerings (IPOs) in China from 2004 to 2012. China provides a unique contextual setting for conducting such an examination with a regulatory framework in the going public process vastly different from its western peers. READ MORE

  3. 3. The performance of Nordic private equity-backed IPOs: An empirical study on underpricing and aftermarket abnormal returns

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Bengin Polat; Maikel Makdisi-Somi; [2017]
    Keywords : Nordic IPOs; Private equity; Underpricing; Long-run abnormal returns;

    Abstract : Using a sample of 267 Nordic IPOs, consisting of 62 private equity-backed issues and 205 non-sponsored issues between January 2001 and May 2017, we investigate the level of underpricing and aftermarket abnormal returns for all IPOs and the two subgroups. We test the level of underpricing by regression, on an equally-weighted and value-weighted basis, with five explanatory variables. READ MORE

  4. 4. IPO Underpricing in NASDAQ First North Stockholm: Can Investors Beat the Market?

    University essay from Lunds universitet/Nationalekonomiska institutionen

    Author : Emilija Bruzgyte; Gulnura Guliyeva; [2016]
    Keywords : Initial Public Offerings; IPO underpricing; Nasdaq First North Sweden; IPO influencing factors; multiple regression model; Business and Economics;

    Abstract : Initial Public Offerings (IPOs) represent the first sale of the firms’ shares to the public. By setting lower offer prices, companies going public create opportunities for investors to earn abnormal returns, making IPOs an attractive investment strategy. READ MORE

  5. 5. Underpricing in IPOs and the Effects of IPO Cyclicality and Owners' Investment Philosophy

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Rasmus Andersson; Jonatan Andersson; [2016]
    Keywords : Initial Public Offering IPO ; Underpricing; European Equity Capital Markets; Investment Philosophy; IPO Cyclicality;

    Abstract : We examine underpricing levels in initial public offerings ("IPOs") using a sample consisting of 50 private equity-backed, 50 venture capital-backed and 113 non-sponsored IPOs. The sample is collected using offering data from firms listed on the UK Main Market, International Main Market and AIM on the London Stock Exchange, between the years of 2006-2015. READ MORE