Schosser, Josef; Ströbele, Heiko - In: The Journal of Risk Finance 20 (2019) 3, pp. 267-290
Purpose: On May 17, 2012, the social networking company Facebook Inc. fixes its initial public offering (IPO) price at $38.00 a share. Over the next couple of months, contrary to expectations raised by previous IPOs, the stock price crashes more than 50 per cent. Immediately, the question...