Chorruk, Jirapun; Worthington, Andrew C. - In: Emerging Markets Review 11 (2010) 3, pp. 285-299
This paper examines the pricing and performance of initial public offerings (IPOs) on the Stock Exchange of Thailand (SET) from 1997 to 2008. Underpricing is calculated using headline underpricing and underpricing issuer loss, loss by market value, and loss by issuer price. The results show...