public offerings
Underpricing of Initial Public Offerings: A Literature Review
... Abstract Rock’s [1] theory ascertains information asymmetry as a primary reason to answer “Why New Issues are Underpriced?” Theoretical construct of this seminal work is based on information asymmetry between various ...
18
A Study on Under Pricing and Long-Run Performance of Initial Public Offerings (IPO) in India : A Comparison between State Firms and Private Firms
... initial public offering to private sector IPOs internationally and concluded that there is u general tendency for privatization IPOs to be underpriced to a greater degree than IPOs from private owned ...owned ...
6
Perceptions Towards Initial Public Offerings Issues In Gulf Cooperation Council Countries
... Among six GCC countries, two countries namely Kingdom of Saudi Arabia and United Arab Emirates have been seeing many initial public offerings, thus making the GCC market‟s contribution in terms of IPOs is ...
8
The Venture Capital Certification Role In Initial Public Offerings
... Using high frequency Euronext Paris data, the paper examines the market microstructure trading characteristics of venture backed initial public offerings (IPOs) in the French market. Previous North American ...
14
Intended Use of Proceeds and the Performance of Initial Public Offerings (IPO)
... Other than debt financing, Initial Public Offerings (IPO) become a common method of capital raising among firms for various purposes. Prospectus is issued on the pre-issuance of the IPO disclosing various ...
6
Initial Public Offerings and Performance Evaluation: Evidence from the Indian Capital Market
... This paper attempts to prove the existence of under-pricing of Indian Initial Public Offerings (IPOs). We examine the aftermarket performance for up to 12 months using a sample size of 25 IPOs issued in ...
5
Regulating Public Offerings of Truly New Securities: First Principles
... that public offerings of truly new securities are not in fact the only mechanism by which scarce savings are allocated to proposed real investment ...make public offerings of securities ...
55
Essays on initial public offerings
... taken public, emphasize that goal incongruence and different decision making horizons among the involved investors may lead to internal agency conflicts that weaken the potential certification benefits of VC ...
140
Single versus multiple banking: lessons from initial public offerings
... This table examines the relationship between different measures of bank relationships strength and the IPO underpricing for our sample of 381 IPOs in the US market between January 1998 and June 2008. We only consider ...
32
Dual class shares, initial public offerings and the market for corporate control
... Whereas the first two chapters focus on ownership transition from one controlling shareholder to another via takeovers, the last chapter deals with Initial Public Of ferings (IPOs). In an IPO a controlling ...
158
The role of reputation in the underpricing of private equity backed initial public offerings
... The results further indicate that lead underwriter rank is positively related to initial returns, supporting previous findings by Loughran and Ritter (2004) that the conventional certification role of underwriters has ...
15
Article Initial Public Offerings, Underpricing and Performance: The Case of Top International Brands
... Gourio and Rudanko (2014) study the implications of customer capital for firm value and investment dynamics. Similar to our study; they emphasize the importance of adjustment costs in creating customer capital. Brand ...
26
Underpricing of Initial Public Offerings (IPO): Singapore IPO Market 2009-2014
... IPO is a mechanism by which a private company garners capital by issuing shares to the public for the first time and in the process becomes a public firm. IPOs help firms to generate huge capital which in ...
9
Corporate political activism and audit fees : evidence from initial public offerings
... Our study makes several contributions to the literature on audit fees and political money contributions on various ways. To our knowledge, it is the first study that establishes a link between political money ...
41
Essays on venture capital and initial public offerings
... 6.2. A Survival Analysis of the Determinants of the length of VC Incubation Period In the econometrics literature, a standard way of dealing with duration data is to employ the survival analysis (also called duration ...
86
The effect of Initial Public Offerings on firm innovation
... Perhaps most surprising from the empirical results is the continued rapid expansion of patent grants in the years preceding and immediately following the IPO. This reflects a pre-IPO commitment to innovation that does ...
52
Strategic Overpricing of Initial Public Offerings
... To gain some appreciation of how much an underwriter might benefit from this pricing strategy, we examine the NASDAQ IPO of Williams Scotsman International, Inc. on September 19, 2005. The 15.3 million common shares was ...
154
Timing of initial public offerings, seasoned equity offerings and takeover bids financed with equity: UK evidence
... They are all characterisedby three significant stylised facts: first, on the first trading day of the IPO firm and on the announcement of the SEO or the takeover bid, the share price of [r] ...
375
Initial Public Offerings in China:Underpricing, Statistics and Developing Literature
... Specifically, Wan and Yuce (2007) investigated the effect of regulatory changes on the performance of both IPOs and seasoned equity offerings (SEOs) over the time period between 1991 and 2004. They concluded that ...
36
Initial public offerings on the UK when-issued market
... Table 1: Regulatory differences in the when-issued market trading in the UK LSE and Germany FSE Conditional trading takes place over-the-counter LSE FSE No Yes End of subscription period[r] ...
40