The application of simultaneous equation regressions on a sample of 110 FrenchIPO firms between 2005-2010, allowed us to say that the initial return issignificantly influenced by the under / overpricing. The results of our studyshow that the underpricing can improve the initial return. On the...

The study investigates the change in performance of French public firms post to their Initial Public Offerings (IPOs) and its relationship with the changes in the managerial ownership around the time firms do their IPOs. Tests are conducted on a sample of 65 French companies placed on the stock...