Macroeconomic Factors and Their Influences on Initial Public Offering (IPO) in Nepal

This paper examines the effect of macroeconomic factors such as interest rate, stock market index and remittance on the market share of initial public offerings (IPOs) in Nepal between 1993/94-2015/16. The factors such as stock market index and remittance have more significant relationship with the IPOs, whereas the interest rate had less significant effect. Also the issuance of larger amount of IPOs was related to growing secondary stock market activity, higher inflow of remittance in the economy and a falling interest rate in the market