Essays about: "Underpricing"

Showing result 1 - 5 of 92 essays containing the word Underpricing.

  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

  2. 2. A study on CEO experience and its effect as a signalling mechanism on IPO underpricing

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

    Author : Hjalmar Sörensen; Isak Muhr; [2021]
    Keywords : CEO experience; IPO underpricing; information asymmetry; signalling theory; corporate governance;

    Abstract : We examine if CEO experience functions as a signalling mechanism in initial public offerings (IPOs), reducing information asymmetry and consequently, IPO underpricing. To investigate this, we perform a multiple OLS regression on a hand-collected sample of 220 IPOs on Nasdaq Stockholm between 1 January 2010 and 15 March 2021. READ MORE

  3. 3. Underpricing of Venture Capital-Backed IPOs

    University essay from

    Author : Oskar Hjern; Marko Stankovic; [2020-06-29]
    Keywords : Venture Capital; Venture Capital-backed; Venture Capital-exit; IPO; Initial Public Offering; Underpricing; Nordic Stock Market;

    Abstract : This thesis researched the effect of Venture Capital ownership on underpricing in IPOs. We conducted OLS-regressions on two data samples consisting of IPOs in the Nordics between 2009 and 2019. Two samples were collected, consisting of 504 IPOs, of which 50 were Venture Capital-backed. READ MORE

  4. 4. The Hot Tech Issue Market: A Study on Underpricing and Long-Run Post-IPO Performance of Swedish IPOs

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Eric Persson; Oskar Johnsson; [2020]
    Keywords : Underpricing; Long-Run Post-IPO Performance; Initial Public Offering; Hot Market; High Tech;

    Abstract : We explore the effect on underpricing and long-run post-IPO performance of a firm being classified as high tech or low tech, based on their SIC code. By studying offer prices and post-IPO share prices of a sample of 145 Swedish IPOs between 2004-2017, we do not find support for a difference in long-run post-IPO performance. READ MORE

  5. 5. Center of Attention - A Study of Retail Investor Attention and IPO Performance in Sweden

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Daniel Mattisson; Jacob Molin; [2020]
    Keywords : ipo; underpricing; price-pressure; search data; retail investor attention;

    Abstract : We test an attention-induced price-pressure hypothesis on Swedish data by replicating and extending the methodology of Da, Engelberg and Gao (2011). Using a sample of 233 IPOs on Nasdaq Stockholm and First North from 2004 to 2019, we examine the relationship between retail investor attention, proxied by Google search data, and IPO performance. READ MORE