Advanced search

Found 3 essays matching the above criteria.

  1. 1. 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

  3. 2. Complexity, Order and Underpricing: An Empirical Study of Underpricing in Technology IPOs

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Emil Holst; Felix Segerstedt Grahn; [2022]
    Keywords : Common Valuation Factors; Ex-ante Uncertainty; Information Spillover Effects; Initial Public Offerings; Underpricing;

    Abstract : Using a sample of IPOs in technology-intensive industries between 1983 and 2022, this paper studies the impact of firm-specific characteristics and actions of prior peers on the initial returns of IPOs. Three types of variables are tested to explain the reasons for the large level and variability of IPO underpricing in the technology sector identified in previous academic studies. READ MORE

  4. 3. Flirting with the Investor? A Study on the Effects of Female CEOs' Signaling Value on IPO Underpricing

    University essay from Handelshögskolan i Stockholm/Institutionen för finansiell ekonomi

    Author : Sofia Rosenblad; Beatrice Sylvan; [2022]
    Keywords : IPO Underpricing; Initial Public Offerings; Female CEO; Signaling; Information Asymmetry;

    Abstract : This study investigates the potential signaling value a female CEO emits and its effect on IPO underpricing. By using a multiple variable regression model, 249 IPOs in Sweden from 2005 to the beginning of 2022 were analyzed. The results show a slight, but statistically insignificant, increase in underpricing when the firm had a female CEO. READ MORE