Brau, James C.; Rodríguez, Javier - In: Research in International Business and Finance 23 (2009) 1, pp. 1-17
We examine 135 Mexican closed-end fund IPOs and 370 Mexican non-fund IPOs that issued between 1994 and 2003 along with 217 contemporaneous US fund IPOs and document three primary results. First, we find that Mexican IPOs in the aggregate experience no significant underpricing, unlike their US...
