Essays about: "underpricing"

Showing result 11 - 15 of 132 essays containing the word underpricing.

1. 11. The Impact of IPO Underpricing on Long-term Performance of Stocks : Comparative Analysis of the Swedish and United Kingdom stock market

   University essay from Umeå universitet/Företagsekonomi

   Author : Suleika Farah Mohamed; Njusi Chenyi Joyce; [2023]
   Keywords : ;

   Abstract : Initial Public Offerings (IPOs) represent critical events in the life cycle of companies, often characterized by a phenomenon of underpricing. IPO underpricing is a situation in which the initial public offering (IPO) price of a company's shares is set lower than their actual market value on the first day of trading. READ MORE

3. 12. 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

4. 13. 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

5. 14. The Pricing of Green Bonds at Issuance : Is There Underpricing or a "Greenium"?

   University essay from Jönköping University/IHH, Företagsekonomi

   Author : Kristin Löffler; [2022]
   Keywords : green bonds; greenium; underpricing; signaling hypothesis; price pressure hypothesis; information-compensation hypothesis;

   Abstract : This paper examines if green bonds incur underpricing or overpricing, that is, have a "greenium", at issuance. Using a global sample of 830 liquid green bonds priced between March 20, 2012 and March 24, 2022, this study estimates an empirical model of the initial returns through ordinary least squares and quantile regressions. READ MORE

6. 15. 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