Essays about: "IPOs underpricing"

Showing result 1 - 5 of 13 essays containing the words IPOs underpricing.

  1. 1. Do IPOs create profitable opportunities for retail investors? : a quantitative study on the Nordic markets

    University essay from Umeå universitet/Företagsekonomi; Umeå universitet/Företagsekonomi

    Author : Mohamed Shihab; Fredrik Bubere; [2012]
    Keywords : ;

    Abstract : The purpose of this study was to investigate if retail investors have profitable opportunities in the Nordic markets. We want to contribute with up-to-date research to help retail investors make a better investment choice in the Nordic markets. READ MORE

  2. 2. Underpricing in the Swedish IPO market : Can investors earn abnormal returns by investing in IPOs?

    University essay from Högskolan i Jönköping/Internationella Handelshögskolan

    Author : Tobias Henricson; [2012]
    Keywords : Initial Public Offerings IPOs ; IPO underpricing in Sweden; time trends in IPO pricing; underpricing patterns.;

    Abstract : This thesis examines underpricing in Sweden using unique data on the 185 firms going public through initial public offerings (IPOs) and listing on the Stockholm Stock Exchange between 1994-2011. The average initial return in the Swedish IPO market adjusted for index movements is 11.49% but underpricing of individual IPOs was as high as 241.04%. READ MORE

  3. 3. IPO Underpricing – Can it be predicted? : A quantitative research study of Swedish IPOs 1997-2011

    University essay from Högskolan i Jönköping/IHH, Företagsekonomi; Högskolan i Jönköping/IHH, Företagsekonomi

    Author : Jakob Westgren; Markus Sandsjö; [2012]
    Keywords : Initial Public Offering; IPO; IPO Underpricing; Corporate Finance; Stock Offer Price; Ownership Retention; Operating Cash Flow; Börsintroduktion; IPO; IPO Underprissättning; Finansiell Ekonomi; Aktiepris; Ägarandel efter IPO; Operativt Kassaflöde;

    Abstract : When a company sells shares of their business to the public for the first time, it is called an Initial Public Offering, IPO. The IPO is usually conducted by the issuing firm to raise capital for their future growth. Before the IPO the information about the issuing company is often limited and the investment in an IPO is associated with risks. READ MORE

  4. 4. The Ex Post Operating Performance of IPO Firms

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Gabriel Leifland Berntsson; Henrik Giver; [2012]
    Keywords : Initial public offering; post-issue operating performance; managerial ownership retention; underpricing;

    Abstract : The initial public offering (IPO) has historically remained a significant method for corporate capital funding and diversification of the equity base. This thesis examines the short to long-term effect on operating performance of companies as they make the transition from private to public ownership. READ MORE

  5. 5. Competitive effects of initial public offerings in Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Claes Kilander; Gustaf Matsson; [2012]
    Keywords : IPO; IPO underpricing; IPO stock return; competitive effects; industry effects;

    Abstract : In this paper we examine the competitive effects of initial public offerings (IPOs) in the Swedish financial markets and find that Swedish firms indeed show negative reactions to the IPOs of competing firms both in terms of stock returns and operating performance. We also attempt to explain the level of underperformance by employing two previously proven determinants of competitive IPO effects (leverage and non-financial advantages such as research intensity) but find that leverage does not explain the level of underperformance and that research intense firms experience a greater decline in operating income growth which is contrary to previous research. READ MORE