This notion is reinforced by Mola and Loughran (2004) who find evidence of significant clustering of offer prices at integers.
The average level of underpricing of the first half of our sample with low offer prices is 6.45% while the second half with high offer prices has an average underpricing of 2.40%.
The average level of underpricing of the first half of this group (low offer prices) is 7.98%, while the second half (high offer prices) has an average underpricing of 3.10%.
Ship sails: Miami Roatan Belize City Costa Maya Key West Miami Samana St Thomas Tortola Great Stirrup Cay Bahamas Miami Reader offer prices from .
Ship sails: St Maarten St Thomas Nassau Miami Costa Maya Roatan Cozumel Miami Reader offer prices from .
. Ship sails: Barcelona Casablanca Agadir Gran Cararia Madeira Malaga Barcelona Reader offer prices from .
Only three of the 158 companies that went public on domestic stock exchanges in 2005 debuted below their offer prices, the Nihon Keizai Shimbun reported Thursday.
and FueTrek Co., which have just gone public -- logged opening quotes above their initial offer prices. Most investors that bought IPO shares at offer prices sold them at opening prices and made money, according to the report.
Since Ogden's performance, a bookmaker is understood to be a person prepared to offer prices
about, or prepared to take bets on, every entry in any event on which he chooses to bet.
RON WYLLIE, writing on the World Indoor Bowls in last Friday's Racing Post, reported: "Betting arrangements once again caused controversy at Potter's with Ladbrokes' professionalism coming under fire after they failed to offer prices today because their odds-compiler had yesterday off."
Ladbrokes did not "fail to offer prices" on Friday's matches, any more than we have failed to offer prices on any of the singles matches that have taken place during this whole lengthy tournament.
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