Subadar Agathee, Ushad; Brooks, Chris; Sannassee, Raja … - In: Journal of Multinational Financial Management 22 (2012) 4, pp. 168-192
The aim of this study is to assess the characteristics of the hot and cold IPO markets on the Stock Exchange of … Mauritius (SEM). The results show that the hot issues exhibit, on average, a greater degree of underpricing than the cold issues …