Essays about: "initial public offerings"

Showing result 1 - 5 of 51 essays containing the words initial public offerings.

  1. 1. The Information Content of Prices : A study on differences between integer and non-integer initial public offerings

    University essay from Uppsala universitet/Företagsekonomiska institutionen; Uppsala universitet/Företagsekonomiska institutionen

    Author : Hugo Brinkfält; Johan Kull Tinnerholm; [2019]
    Keywords : Initial Public Offering; Integer Pricing; Negotiation Hypothesis; Information Content of Prices; Underpricing; Initial Return; Decimalization; börsnotering; heltalsprissättning; prisers informationsinnehåll; underprissättning; initial avkastning; decimalisering;

    Abstract : The purpose of this thesis is to analyze differences between IPOs with integer (e.g. $20,00) and non-integer (e.g. READ MORE

  2. 2. Does Board Structure Impact IPO Underpricing? - Evidence from Sweden

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

    Author : Alex Torgersson; Marc Bergmann; Maria Lindholm; [2019]
    Keywords : Initial Public Offerings; Underpricing; Corporate Governance; Board Characteristics; Board Independence;

    Abstract : This paper applies a mixed research method and signaling theory to study the effect of certain board characteristics on IPO underpricing in Sweden. By examining 316 IPOs and 1,678 board members between 2014 and 2018 through various regressions, the analysis demonstrates that board size, board diversity, and education as a proxy for competence, are not correlated with underpricing. READ MORE

  3. 3. The Aftermarket Performance of Swedish Initial Public Offerings : A study about short- and long-term performance and underpricing of Initial Public Offerings on the Swedish stock markets

    University essay from Blekinge Tekniska Högskola/Institutionen för industriell ekonomi; Blekinge Tekniska Högskola/Institutionen för industriell ekonomi

    Author : Mathias Åkesson; Erik Fäldt; [2019]
    Keywords : IPO; Underpricing; BHAR; aftermarket performance;

    Abstract : This thesis examines the performance of IPO firms in the Swedish markets during their first three years of trading to investigate what effects different factors have on the short- and long-term performance. The level of underpricing on Swedish IPOs are also investigated to detect any abnormalities from previous studies on larger markets in the US and Europe. READ MORE

  4. 4. The Influence of a Private Equity Fund's Holding Period on the Performance of IPOs: Empirical Evidence from the UK

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : David Derndorfer; Denis Lukasz Drung; [2019]
    Keywords : Financial Sponsors; Private Equity; Venture Capital; IPO; Holding Period;

    Abstract : This paper analyses the effect of a private equity fund's holding period on the after-market performance of initial public offerings (IPOs) in the United Kingdom. We use a hand-collected sample of 166 sponsor-backed IPOs, which occurred on the London Stock Exchange's Main Market and Alternative Investment Market in the period from 2005 to 2015, to analyse the one-year and three-year buy-and-hold excess returns in relation to the private equity fund's holding period. READ MORE

  5. 5. IPO Underpricing and Real Estate Investment Trusts: Evidence from Japan

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

    Author : Johan Pettersson; Daniel Hagn; [2019]
    Keywords : Real Estate Investment Trusts; Initial Public Offerings; Underpricing; Asymmetric Information;

    Abstract : This study investigates the pricing of 75 initial public offerings (IPOs) of Japanese real estate investment trusts (J-REITs) during the period 2001-2018. We find that the issues are systematically underpriced with significantly positive initial-day returns. READ MORE