Search Results - subject_exact:"IPO pricing"

Decoding the impact of political uncertainty on IPO underpricing in China

Xie, Yamin; Li, Zhichao; Ouyang, Wenjing; Wang, Hongxia - 2025

Purpose - Political factors play a crucial role in China's initial public offering (IPO) market due to its distinctive institutional context (i.e. "economic decentralization" and "political centralization"). Given the significant level of IPO underpricing in China, we examine the impact of local...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015198276

Risk information disclosure effect on IPO pricing efficiency : evidence from China

Gu, Xiang; He, Xiqiong; Liu, Hao - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015484358

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Risk information disclosure effect on IPO pricing efficiency : evidence from China

Gu, Xiang; He, Xiqiong; Liu, Hao - 2025

Article

An experimental analysis of the IPO pricing mechanism : the case of book-building

Wang, Jingru; Funaki, Yukihiko; Ishikawa, Ryuichiro; … - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015410364

ESG ratings and their impact on the underpricing effect : comparison of the European and US capital markets

Schmunkamp, Peter - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015616404

Price discovery from offer price to opening price of initial public offerings

Aggarwal, Reena; Wu, Yanbin - 2025

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015550420

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Price Discovery from Offer Price to Opening Price of Initial Public Offerings

Aggarwal, Reena; Wu, Yanbin - 2021

Book / Working Paper

The impact of margin trading and regulatory policy on IPO underpricing : evidence from Türkiye

Arslan, Ahmet Gökhan; Colak, Gonul; Pirgaip, Burak - 2025

This study examines the impact of margin loans and accompanying regulatory changes on the underpricing of initial public offerings (IPOs) in Türkiye, with a focus on the wave of IPOs from 2020 to 2023-a period during which the number of IPOs and proceeds from them reached record highs....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015472371

ESG ratings and underpricing on emerging markets : case of European IPOs between 2014 and 2023

Schmunkamp, Peter - 2025

Purpose: Given the increasing salience of Environmental, Social, and Governance (ESG) criteria in investment decisions, this study investigates the extent to which pre-Initial Public Offering (IPO) ESG ratings function as a mechanism to reduce information asymmetry and, consequently, influence...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015654930

The intersection of supply chain operations and finance : logistics uncertainty and international IPO underpricing

Boulton, Thomas J.; Ellram, Lisa M. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015095308

COVID-19 media sentiment and IPO underpricing

Feng, Jie; Pan, Wanbin; Tao, Libin; Hu, Wenjing - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015075892

Trade secret laws and initial public offering underpricing

Chang, Chu-hsuan; Liang, Woan-lih; Yanzhi, Wang - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014546454

Do anti-takeover provisions restrain IPO underpricing? : an analysis from the perspective of information asymmetry

Chen, Kejing; Li, Xiaolin; Wan, Qingqing; Ye, Jing; Yang, Mo - 2024

Purpose Based on the textual-analyzed data covering 2148 IPO firms in China's stock market during the 2007-2018 period, the authors' purpose is to examine the influence of anti-takeover provision (ATP) adoption on initial public offerings (IPO) underpricing and identify the reducing effect of...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014515882

Global IPO underpricing during the Covid-19 pandemic : the impact of firm fundamentals, financial intermediaries, and global factors

Zhang, Zikai; Neupane, Suman - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014446925

The impact of prospectus language on IPO underpricing : a textual analysis of European IPOs

Bodman, Nicolas von - 2024

This study explores the impact of IPO prospectus language on the prevalent underpricing in European IPOs, using natural language processing techniques. Specifically, it investigates whether a relationship exists between litigious, negative, positive, and uncertain language, as well as the degree...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015163328

IPO price formation and board gender diversity

Rau, Raghavendra; Sandvik, Jason; Vermaelen, Theo - 2024 - Revised version of 2023/27/FIN

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015069785

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IPO price formation and board gender diversity

Rau, Raghavendra; Sandvik, Jason; Vermaelen, Theo - 2023 - Revised version of 2022/10/FIN

Edition: Revised version of 2022/10/FIN

Book / Working Paper

Underwriter incentives and IPO pricing

Espenlaub, Susanne; Mohamed, Abdulkadir; Saadouni, Brahim - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015071056

Are Mondays different? : evidence from initial public offerings

Chowdhury, Abu; Vaihekoski, Mika; Zaman, Mir A. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015422541

Mandatory ESG disclosure, information asymmetry, and litigation risk : evidence from initial public offerings

Boulton, Thomas J. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015142091

Does sustainable development matter for initial public offering underpricing?

Boulton, Thomas J. - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015339945

How different institutional logics affect the female CEO gender effect on IPO underpricing in China

Liu, Yu Luna; Park, Haemin Dennis; Velamuri, S. Ramakrishna - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014583983

The power of prediction with Google searches and social media posts : retail investor interest and IPO pricing

Choi, Ka Wai Stanley; Ma, Wentao; Ho, Shuk Ying; Wu, Dickson - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015081286

How does corporate culture affect IPO price formation?

Cumming, Douglas J.; Köchling, Gerrit; Neukirchen, Daniel - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015557252

The economic consequences of IPO sales growth management : evidence from ChiNext-listed companies in China

Hu, Ning; Huang, Wan; Liu, Ying; Zhang, Limin - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014541967

Impact of corporate governance and underwriter reputation on IPO underpricing : an Indian market perspective

Sarkar, Abhrajit; Kumar, Ayush; Pandey, Rajan - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015627851

The economics of not knowing : a symmetric ignorance theory of IPO pricing

Habib, Michel Antoine; Ljungqvist, Alexander - 2026

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015615487

The impact of IFRS mandate and institutional governance on underpricing and aftermarket performance of IPO shares in Turkey

Azimli, Asil - 2023

Along with the European Union, policymakers in Turkey passed a regulation that mandated all listed companies use the International Financial Reporting Standards (IFRS) starting from January 1, 2005. Using a before-after estimation design, this study examines the impact of this policy change and...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014525359

Determinants of Book Built IPO underpricing : differential issue size and market momentum approach revisited

Suresha B.; Nayak, Surekha; Krishna T. A.; Thomas, Rejoice - 2023

Pricing of an Initial public offering (IPO) is a complex phenomenon. Price anomalies are commonly observed in IPO markets, especially in emerging markets. Investors perceived underpricing creates undue market momentum during the offer period with an asymmetric effect across different issue...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014501010

Country-level accounting enforcement and IPO underpricing

Bigus, Jochen; Dreyer, Florian - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014443568

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Country-Level Accounting Enforcement and IPO Underpricing

Bigus, Jochen; Dreyer, Florian - 2022

Book / Working Paper

Determinants of IPO´s underpricing : a systematic review

Oliveira, Carlos Henrique Firmino de; Lebre Rodrigues, … - 2023

In an Initial Public Offering (IPO) process, it is expected that there will be different share price valuations by professionals, due to market flaws, meaning information asymmetry among investors. For stockholders - who previously formed the corporate structure of the company - an IPO opens up...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014436051

Offering method and pricing of IPOs : an analysis of stock IPOs in the Netherlands, 1918-1939

Legierse, Wilco - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014335173

Auctions versus bookbuilding : the effects of IPO regulation in Japan

Lehmann, Timo; Weber, Matthias - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305730

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Auctions Versus Bookbuilding : The Effects of IPO Regulation in Japan

Lehmann, Timo; Weber, Matthias - 2023

Book / Working Paper

IPO price formation and analyst coverage

Weber, Joseph; Willenborg, Michael; Wu, Biyu; Yang, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015133864

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IPO Price Formation and Analyst Coverage

Weber, Joseph; Willenborg, Michael; Wu, Biyu; Yang, … - 2023

Book / Working Paper

The impacts of registration regime implementation on IPO pricing efficiency

Deng, Qi; Zheng, Linhong; Peng, Jiaqi; Li, Xu; Zhou, … - 2024

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014543560

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The Impacts of Registration Regime Implementation on Ipo Pricing Efficiency

Deng, Qi; Zheng, Linhong; Peng, Jiaqi; Li, Xu; Zhou, … - 2023

Book / Working Paper

Evidence on the effect of 'Claw-Back' provisions on IPO share allocation and underpricing in Hong Kong

Vong, Anna P. I.; Trigueiros, Duarte - 2017

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10011845101

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Evidence on the Effect of ‘Claw-Back’ Provisions on IPO Share Allocation and Underpricing in Hong Kong

Vong, Anna; Trigueiros, Duarte - 2023

Book / Working Paper

Microblog publicity and IPO underpricing

Dou, Chao; Yang, Xue; Bai, Xuejin; Sun, Rui - 2023

Based on many cases of publicity using social media in the market, this paper empirically examines the damage of microblog publicity to market efficiency by using the sample of IPO companies. The results show that the companies posting microblogs during the IPO publicity period have higher IPO...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014316910

IPO pricing regulation and audit fees : from the perspective of institutional changes in China

Zhao, Gang; Deng, Ying; Jiang, Yujia; Bowrey, Graham - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10015447810

ESG disclosures and the decision to go public

Cumming, Douglas J. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014326022

Innovations in IPO deal structure : do Up-C IPOs harm public shareholders?

Billings, Mary Brooke; Hsueh, Kevin; Lewis-Western, … - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305477

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Innovations in IPO Deal Structure : Do Up-C IPOs Harm Public Shareholders?

Billings, Mary Brooke; Hsueh, Kevin; Lewis-Western, … - 2022

Book / Working Paper

Pre-IPO financial performance and offer price estimation : evidence from India

Yadav, Ajay; Prosad, Jaya Mamta; Sumanjeet Singh - 2023

The primary focus of this paper is to develop an empirical model to study the relationship between key Financial Performance Indicators and IPO Offer Prices. It seeks to assist Indian IPO investors to make more informed decisions by advancing their knowledge about relevant Pre-IPO Financial...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014305516

Do media connections help? : evidence from IPO pricing in China

Yan, Chao; Wang, Jiaxin; Wang, Zhi; Chan, Kam C. - 2023

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014324784

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Do Media Connections Help? Evidence from IPO Pricing in China

Yan, Chao; Wang, Jiaxin; Wang, Zhi; Chan, Kam C. - 2023

Book / Working Paper

Do anti-corruption campaigns affect IPO underpricing? : evidence from a central discipline inspection of the CSRC in China

Yan, Chao; Li, Zai; Wang, Jiaxin - 2023

The system of central discipline inspections has become a key anti-corruption governance tool in China since 2013. This paper investigates the impact of a central discipline inspection of the China Securities Regulatory Commission (CSRC) on initial public offering (IPO) underpricing. We find...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014281516

A European empirical study of institutional differences in IPOs anomalies

Alvarez, Susana - 2023

The present research shows the influence of institutional differences on the performance of initial public offerings (IPOs), both at the level of initial underpricing and at the level of 1-, 3- and 5-year performance. Our results represent a relevant empirical contribution to the international...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014295563

Another Look at Bookbuilding, Auctions, and the Future of the IPO Process

Wilhelm, William J.; Morrison, Alan; Chen, Zhaohui - 2023

In an earlier series of articles published in this journal, one of the three authors of this article predicted the rise of auction IPOs, possibly to the point of displacing the traditional bookbuilding process for pricing and allocating IPOs, only to find himself forced to explain in later...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257059

Are Green Ipos Underpriced in Alternative Investment Markets?

Kowalewski, Oskar; Wahid, Abdul; Mumtaz, Muhammad Zubair - 2023

The notion of green financing has generally evolved around environmental sustainability and protection. This concept needs to be investigated from the perspective of “sustainably” achieving economic targets and simultaneously protecting the globe for future generations. Building on this...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014257468

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Are Green Ipos Underpriced in Alternative Investment Markets?

Kowalewski, Oskar; Wahid, Abdul; Mumtaz, Muhammad Zubair - 2022

Book / Working Paper

Underpricing and aftermarket performance of IPOs during the Covid-19 period : evidence from Istanbul stock exchange

İlbasmış, Metin - 2023

The effect of uncertainty on IPO underpricing, short-term performance after IPO, and hot-and-cold-IPO market cycles have received a great deal of attention in the literature. This study revisits these issues of IPO activities under the Covid-19 pandemic with a focus on the Turkish IPO market....

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10014308820

Exit-Strategie Klimawährung ECO : mit persönlichen Emissionsbudgets das Klimaziel erreichen

Hanson, Angela; Hanson, Jens - 2023

Der Klimawandel zählt zu den größten Herausforderungen, die wir derzeit als Gesellschaft zu bewältigen haben. Aber die bisherigen Massnahmen der Politik reichen nicht aus. Die Emissionen steigen von Jahr zu Jahr und waren noch nie so hoch wie heute. Deshalb braucht es ein zuverlässiges und...

Persistent link: https://www.econbiz.de, ebvufind01.dmz1.zbw.eu/10013479703

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