Essays about: "Underprice"

Found 5 essays containing the word Underprice.

  1. 1. Is Long-Term IPO Performance determined by Underpricing? : Analysis of the international IPO markets between 2009-2019

    University essay from Umeå universitet/Företagsekonomi

    Author : Arjan Kevin Ramak; Felix Fager Burman; [2022]
    Keywords : ;

    Abstract : Chinese legislative boards are heightening regulations to reduce the presence of ‘junk stocks’, as many new offerings sport remarkably high first day returns, but at the same time mediocre long-term performance. The phenomenon where an IPO (Initial Public Offering) is offered at a lower price than its intrinsic value is prominent in finance and business literature. READ MORE

  3. 2. IPO UNDERPRICING IN THE TECH SECTOR: IMPACT OF THE PROSPECTUS SUMMARY VARIABLES

    University essay from Göteborgs universitet/Graduate School

    Author : André Ricardo da Fonseca Gonçalves; [2018-07-04]
    Keywords : IPO; underpricing; prospectus; tech; book-to-market; gross proceeds; underwriter spread; dual-class shares; underwriter reputation;

    Abstract : Aiming to provide guidance to researchers regarding publicly available factors associated with tech IPO underpricing, this thesis investigates the impact of the information contained on the prospectus summary on underpricing. In a sample of 131 tech IPOs listed in the U.S. READ MORE

  4. 3. 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

  5. 4. Underpricing in Corporate Bond Issues: An Explanation Based on Information Problems

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Hampus Frisén; Jacob Langhard Lövstedt; [2015]
    Keywords : Corporate bonds; Underpricing; Information problems;

    Abstract : This paper represents the first of its kind on the Swedish market as well as the first on the European market in over two decades. Through analysis of 1-day excess return observations for 457 bond issues on the Swedish corporate bond market ranging from June 2003 to February 2015, we investigate how information problems relate to underpricing. READ MORE

  6. 5. The Degree of Underpricing in the Swedish Market : An analysis of the most relevant factors influencing IPO underpricing between main and secondary markets

    University essay from Umeå universitet/Företagsekonomi

    Author : Xiaofan Hu; Lars Andreas Sundberg; [2014]
    Keywords : IPO; Sweden; Underprice;

    Abstract : Underwriters evaluate the optimum price of IPO issued shares and conduct underpricing based on a higher degree of risk and information asymmetry. These are calculated under a series of determined risk proxies that adjust the most suitable offering and opening price of IPOs in both main and second tier markets. READ MORE