Essays about: "underpricing patterns."
Found 4 essays containing the words underpricing patterns..
-
1. 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 finansieringAbstract : 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
-
2. The Role of Independent Financial Advisors in the IPO Process
University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomiAbstract : 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
-
3. Underpricing of private equity backed and non-backed IPOs
University essay from Handelshögskolan i Stockholm/Institutionen för redovisning och finansieringAbstract : The aim of this paper is to contribute to the discussion on the effects of private equity ownership in general and the initial public offering underpricing conundrum in particular. In this thesis I describe initial public offering patterns, specifically I examine short-run underpricing differences between private equity backed and non-backed initial public offerings by evaluating 67 transactions between 2010 and 2017 on the Nasdaq Stockholm, out of which 35 offerings were private equity backed. READ MORE
-
4. Underpricing in the Swedish IPO market : Can investors earn abnormal returns by investing in IPOs?
University essay from Internationella HandelshögskolanAbstract : This thesis examines underpricing in Sweden using unique data on the 185 firms going public through initial public offerings (IPOs) and listing on the Stockholm Stock Exchange between 1994-2011. The average initial return in the Swedish IPO market adjusted for index movements is 11.49% but underpricing of individual IPOs was as high as 241.04%. READ MORE
