Essays about: "Ipo Underpricing"

Showing result 11 - 15 of 116 essays containing the words Ipo Underpricing.

  1. 11. Predicting IPO Underpricing: A study on the predictability of IPO underpricing through machine learning algorithms

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

    Author : Victor Holgersson; Axel Tardell; [2023]
    Keywords : IPO Underpricing; Machine Learning; Neural Network; Random Forest; Gradient-Boosting Trees;

    Abstract : This paper primarily serves to examine whether a specific subset of variables, derived from publicly available pre-IPO data, can be effectively modeled to predict and classify if an IPO will be underpriced using non-linear machine learning (ML) models. Secondly, we analyze whether the performance of ML-based models is greater compared to conventional linear models. READ MORE

  3. 12. Go Big or Go Home:A quantitative study on the role of institutional cornerstone investors in Initial Public Offerings and their relationship to IPO underpricing

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

    Author : David Björkman; Nils Landoff; [2023]
    Keywords : Initial Public Offering; Underpricing; Institutional Cornerstone Investors;

    Abstract : This study examines the correlation between institutional investors as cornerstone investors and the underpricing of initial public offerings (IPOs) in Sweden. The study analyzes a total sample of 371 observations between 2015 and 2022, including 165 observations backed by institutional cornerstone investors, 163 observations backed by non-institutional cornerstone investors and 43 observations without cornerstone investors. READ MORE

  4. 13. Does Direct Listing Mechanism Reduce Underpricing?

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Tong Lu; [2022]
    Keywords : direct listing; IPO underpricing;

    Abstract : This paper focuses on direct listing, a newly introduced listing mechanism, and compares the difference between direct listing and IPO in terms of their representative influence on underpricing with empirical study. The result shows that direct listing does help to reduce underpricing. READ MORE

  5. 14. The Effect of Banking Relationships and Prospectus Transparency on IPO Underpricing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Erik Audun Sørensen; Sebastian Holm; [2022]
    Keywords : IPOs; Banking relationship; Prospectus; Asymmetric information; Underpricing;

    Abstract : This paper investigates whether (1) pre-IPO banking relationships with a potential IPO underwriter, and (2) transparency in the "Use of Proceeds" section in the IPO prospectus, ameliorate asymmetric information problems behind IPO underpricing. If pre-IPO banking relationships and prospectus transparency generate and transmit information to the market, and thus reduce asymmetric information, firms with these characteristics should exhibit lower underpricing when going public. READ MORE

  6. 15. Hot Bull or Cold Bear? How Market Cycles Affect IPO Underpricing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Alicia From; Gustaf Sjögren; [2022]
    Keywords : IPO underpricing; bear markets; IPO waves; variability of IPO underpricing; U.S. stock market;

    Abstract : IPO underpricing and its variability is highly cyclical and follows waves, with "hot" and "cold" IPO markets displaying radically different characteristics. Further, during the 21st century, the effect of bear-, and bull markets on stock prices increased. READ MORE