Essays about: "IPO Underpricing 2012"

Showing result 1 - 5 of 9 essays containing the words IPO Underpricing 2012.

1. 1. Global Diversification and IPO Underpricing

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

   Author : Emma Ternström; Hannah Ohlsson; [2021]
   Keywords : Global Diversification; Initial Public Offering; Underpricing;

   Abstract : We examine whether global diversification is influencing the underpricing of an initial public offering, and hypothesize that it reduces the first day return of an offering. To investigate this, we employ a quantitative approach and conduct OLS regressions with four different independent variables. READ MORE

3. 2. FOREIGN IPOS ON STAR SPANGLED EXCHANGES: A STUDY OF IPO UNDERPRICING FROM 2005 TO 2020

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Julia Herlogsson; Adèle Sveger; [2021]
   Keywords : IPO; Initial Public Offering; Information asymmetry; Underpricing; Foreign IPOs;

   Abstract : The phenomenon of IPO underpricing has captured the interest of academics for decades and is, to date, continuing to be widely debated. However, little research has been carried out to ascertain whether companies going public in foreign markets are more likely to be underpriced compared to their domestic counterparts and, most importantly, the findings of the existing papers are inconsistent. READ MORE

4. 3. IPO Underpricing on small- and microcap companies : A study of first-day returns on Spotlight Stock Market

   University essay from Uppsala universitet/Företagsekonomiska institutionen

   Author : Tim Jörnhammar; Dyar Allaf; [2020]
   Keywords : Initial Public Offerings; IPO underpricing; Spotlight Stock Market; IPO influencing factors; multiple regression model;

   Abstract : Historical evidence suggests that initial public offerings (IPOs), on average, are priced below their intrinsic value. In this paper, we investigate the magnitude of IPO underpricing on small- and microcap companies listed on the stock exchange Spotlight Stock Market, over the period 2012–2019. READ MORE

5. 4. The Role of Independent Financial Advisors in the IPO Process

   University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

   Author : Julian Kasturiarachchige; Janis von Zimmermann; [2019]
   Keywords : Financial Advisor; Initial Public Offering; Underpricing; Asymmetric Information;

   Abstract : The European Initial Public Offering (IPO) market has seen an important innovation within the last decade: the increasing participation of Independent Financial Advisors (IFA) in the IPO process. Using data from 373 Western European IPOs between January 2012 and February 2019, this paper applies a multivariate regression model to examine the potential impact of IFAs on IPO underpricing, a phenomenon that refers to the persistence of significant, positive initial returns for shares issued in an IPO. READ MORE

6. 5. 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