Mientras que los costos explicitos de la IPO tienden a estar alrededor del 7% de los fondos captados, el underpricing
deberia ser visto como otro costo de la emision.
No evidences show the long-run impact from overpricing or underpricing
of property fund IPO investment in comparison with the investment in SET Index, SETPROP Index, or existing property funds.
Furthermore, this study reports a record level of SEO underpricing
never measured before, particularly in the year 2009 when 270 SEOs had an average level of underpricing
of IPOs is examined at three specifically identified time periods which we call the primitive stage, the development stage, and the maturity stage.
Summary: Analysts say investors underpricing
different outcomes of UK elections
The purpose of this research is to investigate the influence of board structure and diversity on underpricing
in the initial public offering (IPO) process.
is costly because it transfers wealth from preexisting shareholders (including the venture capitalists) to new shareholders.
The topic of underpricing
of initial public offerings (IPOs) in developed and emerging markets has been of interest to academics, researchers, and practitioners for decades.
The positive correlation between initial underpricing
and liquidity in the secondary market several months after an initial public offering (IPO) has previously been attributed to ownership dispersion induced by underpricing
The theories that attempt to explain IPO Volume fluctuations and IPO Underpricing
can be divided in two large groups: 1) asymmetric information models (Rock, 1986; Grinblatt & Hwang, 1989; Welch, 1989), and 2) investor sentiment models (Lee, Shleifer & Thaler, 1991; Rajan & Servaes, 1997, 2003; Ljunqvist, Nanda & Singh, 2006).
of the issue vis-a-vis the initial listing price is an important aspect of the performance of the primary markets.
2008), for example, find that IPO underpricing
can be curbed when board insiders monitor the process, thereby reducing the amount of money left on the table.