The underpricing of initial public offerings (IPOs) is a deeply investigated phenomenon, commonly explained with … asymmetric information and risk. Ellul and Pagano (2006) first linked the underpricing with liquidity proxies like liquidity risk …-initiated block trade, and the underpricing to the price pressure effect of the trade itself, which means the price for the liquidity …

This study investigates the determinants of initial public offering (IPO) underpricing by focusing on variables … underpricing in high-technology and non-high-technology IPOs differ. With the data from Taiwan from 2009-2011, this study finds … that overallotment is negatively related to underpricing, whereas market momentum, first day trading volume, and managers …

This study analyses underpricing in a sample of 41 Real Estate Investment Trusts (REITs) from the Spanish market … between November 2013 and January 2019. The results show a significant underpricing on the initial-day (either when we compute … third day as we find significant raw and market-adjusted buy-and-hold returns. This underpricing is not accounted for by the …

We examine the underpricing and long-term performance of a broad set ofSwiss IPOs from 1983 to 2000. The average market … some extent, the market cyclicality hypothesis aspossible explanations for the underpricing phenomenon on the Swiss …

to examine the potential benefits of a listing. Specifically, we test whether a listing reduces IPO underpricing or … SharesPost lessens IPO underpricing. However, we also find that SharesPost-listed companies are able to pay their employees less …

To resolve the IPO underpricing puzzle it is essential to analyze who knows what when during the issuing process. In … midpoint of the bookbuilding range and the offer price. The pre-issue prices explain a large part of the underpricing left … underpricing suggests. …

We estimate the underpricing and long-run performance of Swiss initial public offerings (IPOs) from 1983 to 2000. The …

accept a lower price for the sale of its shares, i.e. tolerate higher underpricing. We test these hypotheses by considering … of the shareholders and relate them to both the probability of the IPO and the underpricing. We show that companies held … by less diversified shareholders are more likely to go public and suffer a higher underpricing. We show that, as …

The phenomenon of initial public offering (IPO) underpricing has been extensively researched in the literature, however …, the underpricing of family firms has received little attention. This is even more prevalent when it comes to underpricing … of family firms in an emerging market such as the Saudi Arabian market. This study explores the IPO underpricing …